NNPC spokesperson Femi Soneye explained that thunderstorms had hindered ship-to-ship transfers of gasoline from large vessels to smaller distribution ships

Authorities in the central African nation say technical issues made it impossible for the country to keep its commitments.

Eskom, South Africa’s power utility, aims for a financial turnaround after ending blackouts.

South Korea has pledged $1 billion in concessionary loans to Rwanda for infrastructure development projects in various sectors.

In the wake of violent protests over tax hikes, which left 39 dead, Kenyan president William Ruto has unveiled plans for borrowing and spending cuts to manage the budget deficit and support critical services.

In May, Rwanda’s government indicated that 1.32 trillion Rwandan francs ($1.02 billion) in the 2024/25 budget would come from external loans

Uganda aims to produce 200,000 barrels of oil per day by 2025 upon completion of the project.

Moroccan appeals court upheld a record fine against Maroc Telecom for hindering competition.

Nigeria’s upstream oil regulator has approved key onshore asset sales to Oando and Project Odinmim, with Exxon Mobil and Shell’s sales still awaiting approval.

Further collaboration hinges on transparency in military expenditures and public recording of Sicomines mining project finances.

While Microsoft dominates as most valuable firm worldwide, AI chipmaker Nvidia becomes best-performing company in equity markets

As Zambia faces its worst drought in years, the World Bank steps in with a $208 million grant to support affected households and strengthen social protection programs.

TMG’s SouthMED resort offers luxury living at Egypt’s stunning north coast. With $21 billion invested, expect world-class facilities and amenities.

OPEC oil output increased in June despite production cuts by some members, with rising supply from Nigeria and Iran offsetting the planned reductions.

To combat rising summer electricity demand, Egypt boosts gas production and secures 21 LNG cargoes.

Ivory Coast revamps its mining code to increase state profits from the flourishing gold sector.

Saudi Arabia’s state oil company, Saudi Aramco, discovered seven new oil and gas deposits in the Eastern Province and the Empty Quarter.

Daily power cuts grip Egypt, causing frustration and hardship as scorching temperatures strain the country’s energy grid.

Ghana’s central bank expects the funds within two days

Zimbabwe’s economic growth is expected to slow in 2024 as the country grapples with a severe El Niño-induced drought.

Germany and Morocco establish a climate and energy alliance to develop renewable energy and green hydrogen production in Morocco to meet Germany’s clean energy goals.

The 1,930-kilometer (1,200-mile) pipeline runs from Niger’s Chinese-built Agadem oil field to the port of Cotonou in Benin.

Nigeria seeks to address dollar shortages by potentially supplying Saudi Arabia with 200,000 tonnes of red meat and 1 million tonnes of soybeans annually.

Downside risks include weak economic growth in migrant-hosting countries, volatility in oil prices, currency exchange rates, says report