New oil exploration licenses to be offered in Uganda
Uganda’s Energy Minister announced plans to launch a third oil exploration licensing round in the 2025/2026 fiscal year.
New oil exploration licenses to be offered in Uganda Read More »
Economy
Nigeria to launch credit guarantee company in May
Nigerian President Bola Tinubu has announced plans to establish a National Credit Guarantee Company in May 2025 to enhance credit access for businesses and individuals.
Nigeria to launch credit guarantee company in May Read More »
South Sudan aims to restart oil production after pipeline damage
South Sudan, heavily reliant on oil exports, is planning to restart production after the damage to a key pipeline caused by the conflict in Sudan. This move aims to revitalize the country’s economy.
South Sudan aims to restart oil production after pipeline damage Read More »
Nigeria revives Warri Refinery, ending years of inactivity
Nigeria has taken a significant step towards energy independence with the resumption of operations at the Warri oil refinery, which has been shut down for nearly a decade.
Nigeria revives Warri Refinery, ending years of inactivity Read More »
Egypt’s Suez Canal revenues plunge amidst regional instability
President Abdel Fattah al-Sisi announced that the Suez Canal suffered a significant revenue loss of approximately $7 billion in 2024 due to regional challenges.
Egypt’s Suez Canal revenues plunge amidst regional instability Read More »
Russian exporters push for lower costs in Egypt trade
Russian grain exporters are facing challenges in their wheat trade with Egypt due to Western sanctions and the establishment of a new importing agency.
Russian exporters push for lower costs in Egypt trade Read More »
France supports swift resolution for Ethiopia’s debt
During his visit to Ethiopia, French President Emmanuel Macron pledged support for the country’s debt restructuring efforts.
France supports swift resolution for Ethiopia’s debt Read More »
Burkina Faso seizes record gold haul worth $2.3 million
The gold was concealed in their clothing and was being transported to neighboring Togo.
Burkina Faso seizes record gold haul worth $2.3 million Read More »
Nigeria opens new oil and gas block bidding
Nigeria is set to auction new oil and gas blocks in 2024, prioritizing natural gas development to support its commitment to sustainable development goals.
Nigeria opens new oil and gas block bidding Read More »
Nigeria president forecasts lower inflation 2025
Nigerian President Bola Tinubu has predicted a sharp decline in inflation to around 15 percent in 2025.
Nigeria president forecasts lower inflation 2025 Read More »