The escalating cost of cooking gas is driving a shift towards biofuel in Nigeria, as households seek alternatives to meet their cooking energy needs.

Despite the global economic outlook, Angola and Nigeria’s focus on boosting oil production highlights their confidence in the long-term demand for oil and their determination to secure a larger share of the market.

South African Reserve Bank holds lending rate at 8.25% for the third consecutive meeting, aligning with economist forecasts. Governor Kganyago cites logistic bottlenecks in ports and rail as major growth constraints, emphasizing a cautious economic approach.

The agreement extends over four years but lacks specific timelines for the construction phase

Estimated 182 million planning to shop from Thanksgiving Day through Cyber Monday, 15.7million more than last year

Agreement to support financing for trade competitiveness among bloc’s 21 member states

The President expressed his keen interest in the role Siemens can play in modernizing and expanding Nigeria’s rail network.

Transnet expects to clear the backlog of 63 ships at the Port of Durban in 7 to 15 weeks. The delay is causing concern among importers, who fear they will miss the crucial Christmas shopping season.

The German government has pledged to invest 4 billion euros ($4.37 billion) in African green energy projects until 2030.

Zambia’s efforts to restructure its debt have been dealt a major blow as official creditors have rejected a revised deal to rework $3 billion of Eurobonds. The country’s official creditor committee (OCC), which includes China, Japan, and the Paris Club of creditor nations, said that the deal did not offer comparable relief to both commercial and official creditors.

The International Monetary Fund (IMF) is considering a mega loan program to help Gaza recover from the economic fallout of the recent war. The war has caused widespread damage to Gaza’s infrastructure and economy, and the IMF’s loan would help to rebuild and revitalize the Gaza economy.

Nigeria’s government meets with Seplat Energy to resolve a two-year stalemate over ExxonMobil’s $1.3 billion oil asset sale.

Next year, Kenya is also facing a $2-billion eurobond repayment obligation

Cocobod plans to borrow $1.2 billion for this season, of which $800 million will come from a syndicate of lenders and $400 million from other sources

Israeli-Palestinian conflict’s intensification continues to drive up oil prices

Over a thousand government, business representatives from various countries attend opening ceremony

President Cyril Ramaphosa says AGOA cornerstone of US-Africa commercial relationship for more than 2 decades

Liter price of diesel remained unchanged at 8.25 Egyptian pounds

Uganda’s cabinet has already approved the changes to the petroleum law.

“As a result of the escalation of the recent conflict in the Middle East.”

The United States on Monday issued a business advisory for Uganda, saying that businesses faced potential risks in the African country.

Chinese manufacturers may save on tariffs, logistics costs, benefit from greater supply chain flexibility, says rating agency

TPA director general Plasduce Mbossa stated that the contracts will undergo a review every five years

The people of Kinshasa cannot believe the speed at which a Turkish company has built an imposing financial complex in the heart of the capital.