Nigeria Overtakes US as Europe’s Top Jet Fuel Supplier With Dangote’s Record June Exports
The Dangote Petroleum Refinery exported 466,000 metric tonnes of aviation fuel to Europe in June,…
Africa Business News
Stay updated with the latest Africa business news. Discover market trends, investment opportunities, and economic developments shaping the continent’s growth and opportunities.
Dangote’s $46 Billion Plan to Connect Two Mega-Refineries In West and East Africa
Africa’s richest man is developing a continent-wide refining network stretching from Nigeria to Kenya, with…
Nigeria Intensifies Pressure on Fuel Marketers as Prices Could Drop Below N800 Per Litre
The Federal Government has urged marketers to reduce petrol prices in line with falling global…
Ghana Mulls Local Takeover of Gold Fields’ Tarkwa Mine as Leases Near Expiry
Africa’s top gold producer is weighing a transfer of the 475,000-ounce-a-year asset to Ghanaian firms…
Egypt’s Pound Becomes World’s Best-Performing Currency as Oil Prices Collapse
The currency has appreciated more than 7% against the dollar since early May after the…
Libya’s Al-Khair Well Adds 3,200 Barrels Per Day as NOC Targets 2 Million bpd Comeback
Africa’s largest holder of proven crude reserves is rebuilding capacity after years of conflict, with…
Zimbabwe Approves Second Gold Refinery in Bulawayo as Output Surges to Record Levels
The new facility is expected to be commissioned next year as the state-owned Fidelity Gold…
Toyota Shareholders Re-Elect Akio Toyoda as Chairman as Automaker Defends Global Lead With Strong African Sales
The founding-family heir secured a fresh mandate as Toyota pursues a $33 billion supplier buyout,…
Yuan Gains Traction in Africa’s Dollar-Dominated Trade System as China-Africa Commerce Nears $400 Billion
Bilateral trade surged 17.7% to a record $348 billion in 2025, and African banks are…
Egypt’s Record Wheat Procurement Shows Premium Pricing Strategy Paying Off
Egypt’s decision to pay farmers well above global wheat prices is beginning to deliver results,…