Africa Business
China Pledges $50 Billion to Africa
September 6, 2024
China Pledges $50 Billion to Africa
In a bold move to enhance China-Africa relations, Chinese President Xi Jinping announced on Thursday that China will extend 360…
Fuel Fiasco Deepens in Nigeria
September 5, 2024
Fuel Fiasco Deepens in Nigeria
Nigerians are facing a deepening fuel crisis, characterized by persistent shortages and skyrocketing petrol prices. Despite being a major oil…
Botswana Reveals Discovery of Second-Largest Diamond Ever
August 26, 2024
Botswana Reveals Discovery of Second-Largest Diamond Ever
A colossal diamond weighing 2,492 carats, making it the second-largest gem ever found, has been unearthed in Botswana, according to…
Dangote Refinery Poised to Commence Gasoline Production
August 22, 2024
Dangote Refinery Poised to Commence Gasoline Production
Nigeria’s Dangote refinery, which has a capacity of 650,000 barrels per day, is currently in the final stages of testing…
Kenyan President’s Tax Proposals Face Setbacks
August 8, 2024
Kenyan President’s Tax Proposals Face Setbacks
Kenyan President William Ruto’s government has faced two significant setbacks in its efforts to raise taxes to address its financial…
AU Adopts Akufo-Addo’s Proposal to Expand Mobile Money Interoperability
July 29, 2024
AU Adopts Akufo-Addo’s Proposal to Expand Mobile Money Interoperability
The Sixth Mid-Year Coordination Meeting of the African Union (AU), held on July 21, 2024, in Accra, Ghana, marked a…
Dangote Alleges International Oil Companies Are Conspiring to Sabotage Its Refinery Operations
June 24, 2024
Dangote Alleges International Oil Companies Are Conspiring to Sabotage Its Refinery Operations
Dangote Industries Limited’s Vice President, Oil and Gas, Devakumar Edwin, accuses International Oil Companies (IOCs) in Nigeria of frustrating Dangote…
Total Energies and NNPC announce $550 million investment in Nigerian gas facility.
June 19, 2024
Total Energies and NNPC announce $550 million investment in Nigerian gas facility.
Nigeria’s state oil firm NNPC Ltd and TotalEnergies are set to invest $550 million in a gas processing facility in…
New Mines Drive Ivory Coast’s 2023 Gold Production Higher”
June 7, 2024
New Mines Drive Ivory Coast’s 2023 Gold Production Higher”
Ivory Coast’s gold output reached a record high in 2023, thanks to the opening of new mines, and is expected…
“Fuel Subsidies to Cost Nigeria 50% More in 2024”
June 7, 2024
“Fuel Subsidies to Cost Nigeria 50% More in 2024”
Nigeria is likely to spend 5.4 trillion naira ($3.7 billion) in 2024 to maintain fixed petrol prices, a 50% increase…