TotalEnergies deal to sell Nigerian oil stake collapses over payments
TotalEnergies’ plan to sell its 10% stake in a Nigerian oil venture to Chappal Energies collapsed after both parties failed to meet financial commitments.
Nigeria posts fastest economic growth in 4 years on rising oil output
Nigeria’s economy grew 4.23% in the second quarter, its fastest pace in four years, driven by higher oil output and strong industrial and agricultural performance.
Nigeria’s Dangote refinery ships gasoline to US buyers
Vitol and Sunoco received the first US import of gasoline from Nigeria’s Dangote refinery, marking a major milestone in global energy trade.
Uganda pins double-digit 2026/27 growth on mid-2026 first oil
Uganda sees 8% average growth; oil from mid-2026 and infrastructure spending to push 2026/27 GDP into double digits
IMF cuts Angola 2025 growth forecast amid oil challenges
The IMF cut Angola’s 2025 growth forecast to 2.1 percent and warned the country to reduce debt and spending amid oil market volatility.
Al Mansour Holding plans to invest 21 billion dollars in DRC
Qatari firm Al Mansour Holding pledged $21 billion in investments across DRC sectors while Doha mediates ongoing eastern conflicts.
Egypt’s NFA hit record $18.5 billion in July on bank inflows, remittances
Egypt’s NFA hit a record $18.5B in July, led by bank inflows and rebounding remittances after the 2024 devaluation
Egypt GDP grows 4.5% despite pressures
Egypt’s economy expanded beyond forecasts in 2024-25 even as inflation, canal disruptions, and wheat imports weighed heavily.
IMF wraps up talks with Mozambique on economic recovery
The IMF concluded a visit to Mozambique after productive talks on economic recovery, balance of payments, and potential support measures.
SA spotlights global poverty while hosting G20
South Africa will present a global inequality report at the G20 summit led by Nobel laureate Joseph Stiglitz to address wealth gaps.
Africa’s nuclear pivot: big ambitions, $100bn price tag, and power payoff
Africa eyes nuclear with SMRs and El Dabaa, but $100bn buys a tiny power share by 2050 amid huge access gaps
Egypt signs $220 million deal to build a major solar energy complex
Egypt signed a $220 million deal with UAE, Bahrain, and China to build a solar cell, panel, and energy storage complex in the Suez Canal Economic Zone.
KoBold Metals secures permits to expand lithium hunt in Congo
KoBold Metals, backed by Jeff Bezos and Bill Gates, has secured seven permits to explore lithium and other minerals in Congo, including Manono.
Nigeria halts raw shea nut exports for six months to spur local processing
Nigeria pauses raw shea exports to boost local processing, curb leakage and lift earnings for farmers
Japan rebuffs Nigeria on Africa visa at TICAD 9
Japan denied Nigeria’s claim of a special visa under JICA Africa hometown initiative and requested correction of the TICAD 9 press release.
Africa’s millionaires to rise 65% in 10 years
Henley & Partners report shows strong wealth growth in Africa despite global headwinds and rising investment migration interest
Egypt boosts gas output as work begins on three new Zohr wells
Egypt has restarted drilling and added output at the Zohr gas field to boost production after earlier declines.
Tinubu: Petrobras can return to Nigeria quickly after Lula talks
Tinubu signals swift Petrobras comeback as Brazil–Nigeria sign trade and aviation deals
Zambia unveils Imboo, an 11,685-carat emerald
Zambia’s Kagem mine has discovered Imboo, an 11,685-carat emerald weighing 2.337 kilograms, the largest gemstone found there to date.
NOC to host Libyan-US energy investment forum
The forum will bring together Libyan officials and US investors to boost oil and gas sector investment.
Apple talks with Google to enhance Siri via Gemini AI
Apple is reportedly exploring Google’s Gemini AI to redesign Siri and improve its voice assistant capabilities next year.
Zambia, Israel to expand cooperation in minerals, health
Reopening of Israel’s embassy in Zambia marks a new chapter in their friendship
Ethiopia’s FDI edges higher ahead of bond talks
Ethiopia draws $4bn FDI (+2.2%) as reforms lift sentiment; Eurobond talks near, with Addis seeking an 18% cut
Burundi launches work on rail network connecting to Tanzania
Burundi begins its first railway to Tanzania aiming to cut transport costs and boost trade through the Central Corridor.
SA plant to boost truck exports across Africa
Isuzu Motors South Africa plans to grow truck production and exports while boosting locally sourced parts for African markets.
South African court rescinds TotalEnergies, Shell oil permit over risks
A South African court has overturned TotalEnergies and Shell’s oil exploration permit, citing inadequate risk, climate, and community impact assessments
Turkish, African businesses unite at Istanbul WCI Forum
The WCI Forum in Istanbul brought Turkish and African businesses together to strengthen trade, investment, and economic cooperation.