South Africa Considers Additional Incentives for Auto Industry to Counter U.S. Tariffs
South Africa is weighing the introduction of additional incentives for its automotive sector in response to recently imposed U.S. tariffs on car imports, Trade, Industry and Competition Minister Parks Tau…
Business
Rwanda Discovers Oil in Lake Kivu, Unveiling 13 Reservoirs and Future Energy Potential
Rwanda has made a significant leap in its energy development by announcing its first-ever oil discovery in Lake Kivu, revealing…
Russia Ships First 27,000-Tonne Wheat Export to Togo, Boosting African Trade
Russia has initiated wheat exports to Togo, delivering its first shipment of 27,000 tonnes, a move that underscores Moscow’s growing…
Benin Becomes First African Nation to Issue $750 Million Bond in 2025
Benin has announced plans to raise $750 million by issuing dollar bonds in early 2025, marking its position as the…
Nigeria Receives First Brown Rice Shipment in a Decade to Tackle Rising Food Inflation
Nigeria has received its first brown rice shipment in a decade, marking a critical step in the country’s efforts to…
Dangote Refinery Expands Storage Capacity to Counter Crude Supply Challenges
Dangote Refinery, Nigeria’s largest oil refining project, is undertaking a significant expansion of its crude oil storage capacity in response…
South Sudan Resumes Oil Production Targeting 90,000 Barrels Per Day
South Sudan has officially announced the resumption of oil production in its oil fields located in Blocks 3 and 7,…
Canadian Barrick Gold Threatens to Halt Mali Operations Over Disputed Mining Regulation
In 2023, Mali, the second-largest gold producer in Africa and the 11th-largest globally, introduced new mining regulations aimed at maximizing…
Former Mauritius Central Bank Governor Arrested Amid Fraud Investigation
Harvesh Kumar Seegolam, the former governor of the Bank of Mauritius, was arrested on Friday in connection with an ongoing…
Nigerian Telecoms Seek 100% Tariff Increase to Offset Rising Costs, MTN CEO Warns
Nigeria’s telecommunications sector is grappling with a severe financial strain, prompting telecom companies to call for a nearly 100% increase…
Warri Refinery Partially Reopens After Ten Years, Boosting Nigeria’s Refining Sector
Nigeria has announced the partial resumption of operations at its Warri oil refinery after nearly ten years of inactivity, marking…
Nigeria Steps Up Efforts to Combat Oil Theft and Reach 3 Million Barrels Per Day Target
Nigeria is ramping up its battle against oil theft in the Niger Delta as it aims to boost crude oil…
Algeria Revives Gold Mining Sector to Boost Economy & Diversify Exports
Algeria is taking bold steps to transform its mining industry as part of an ambitious strategy to diversify its economy…
