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…
Africa
Explore the latest news and developments from across Africa, including business, politics, economic growth, technology, sports, culture and major events shaping the continent.
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…
EU Parliament Moves to Block $179 Million Tanzania Funding Over Election and Rights Abuses
Lawmakers rejected the Commission’s draft aid package after reports of post-election violence that killed more…
ECOWAS Trade Ministers Push to Unlock Intra-Regional Trade as Barriers Keep Commerce Below 15%
Non-tariff barriers add up to 20% to cross-border trade costs in West Africa, ministers heard…
Africa Still Needs US Fuel Despite Dangote Refinery as Regional Deficit Persists
African countries are increasing diesel and gasoline imports from the United States due to Middle…
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,…
Zimbabwe’s Mutapa Gold Targets Doubling Output to 400,000 Ounces by 2029
The state gold miner has secured $75 million for the Shamva Hill open-pit project as…
US Plans to Deport Iranian, Afghan and Syrian Migrants to Central African Republic
The first flight could carry about 20 people as early as Thursday, including two Iranian…
Dangote Refinery Seeks $1 Billion Private Debt Sale as Output Surpasses 700,000 Barrels Per Day
Africa’s richest man is targeting foreign investors for the debt raise as the refinery expands…