- Seplat Energy plans to invest up to $320 million this year in drilling new wells and upgrading infrastructure as part of its strategy to boost oil production.
- As Gabon prepares to transition to civilian rule, candidates seeking to lead a democratic administration have begun placing their names in the hat, including current Junta leader Brice Oligui Nguema.
- Loans are a double-edged sword; when managed properly, they may fuel growth in any given economy, but when excessive, they can ruin a country's finances. In Africa, where there are economic disparities across nations, the debt load is not uniformly spread.
- Given the status of numerous African countries as emerging states, debt has been a major source of concern. Debt for a number of African countries has been on the rise, yet it remains sustainable.
- Africa is home to vast agricultural lands, with large portions of the continent suitable for farming. Some regions have expansive fertile areas ideal for growing crops, while others have extensive grasslands that support livestock.
- Dangote Refinery has made its first purchase of Algeria’s light sweet Saharan Blend crude, according to market sources cited by Argus Media, a leading global energy intelligence provider.
- One important economic indicator that monitors shifts in the price of goods and services over time is the Consumer Price Index (CPI). Because so many people in many African countries live on low incomes, they are disproportionately impacted by increases in the CPI.
- The United States currently holds the position as Africa's largest aid donor, but China is emerging as a strong contender that may likely take over this role.
- The Dangote Petroleum Refinery has announced plans to refund customers who purchased Premium Motor Spirit (petrol) at prices higher than the advertised rates.
- Despite the drought in the southern African region, the United Nations’ World Food Programme (WFP) has decided to shut down its Southern African bureau.
- Despite mounting international pressure, the DR Congo remains resolute in its refusal to engage in direct talks with the M23 rebel group, which has made significant territorial gains in eastern DRC in recent months.
- Ghana’s new central bank governor has suspended the country's program of using gold to pay for oil and expressed confidence that the cedi will stabilize following last year’s volatility.
- Africa, renowned for its rich cultural heritage, breathtaking landscapes, and diverse wildlife, continues to captivate millions of tourists worldwide.
- The Economic Community of West African States (ECOWAS) recently detailed its discourse with one of its member states, Guinea-Bissau, via a press-release.
- Africa is fast developing as a prevailing player in the global oil market, with 2024 being a watershed moment in the continent's hydrocarbon exploration.
- After President Donald Trump implemented a humanitarian aid freeze during his administration, several countries followed suit by reducing or halting humanitarian funding.
- The year 2025 has brought alarming statistics to light with the release of the top 40 Most Dangerous Cities list, showcasing urban areas with high crime rates, violence, and security challenges.
- Billionaire Elon Musk has acknowledged that the cancellation of USAID’s Ebola prevention program was a mistake, calling it "accidental" and claiming efforts were underway to restore it.
- The latest edition of The Banker’s Top 100 African Banks for 2024 provides insights into the performance of financial institutions across the continent.
- The Consumer Price Index (CPI) is a key economic gauge that tracks changes in the cost of goods and services over time, including clothing. Many African countries have large proportions of their populations living on low wages and, as such, are disproportionately affected by CPI spikes.
- While importers and marketers debate the price changes, many Nigerians are taking advantage of the lower prices. Consumers have been patronizing Dangote partner stations, which offer cheaper petrol.
- While importers and marketers debate the price changes, many Nigerians are taking advantage of the lower prices. Consumers have been patronizing Dangote partner stations, which offer cheaper petrol.
- National carrier Kenya Airways (KQ) has suspended all flights to Mauritius due to worsening weather conditions caused by an approaching tropical cyclone.
- Nigeria's 650,000 b/d Dangote refinery has acquired its first cargo of Algeria's Saharan Blend crude, a premium light sweet crude, from trading firm Glencore.
- Oando PLC, a Nigerian oil giant, has been announced as the preferred bidder for the ownership of the 165,000 barrel-per-day refinery in Trinidad and Tobago.
- If you love nature, crave adventure, or simply need an escape from the hustle of daily life, Africa is the perfect getaway. This vast and diverse continent boasts some of the most stunning natural landscapes on earth, offering an unforgettable experience for every traveller. Below are the top 5…
- Food inflation continues to be a significant issue for some African countries, compounding economic hardship and increasing food insecurity for millions.
- South African President Cyril Ramaphosa has indicated his willingness to meet with U.S. President Donald Trump in an effort to mend strained relations between the two nations.
- Even though one-third of African nations are landlocked, seaports remain essential for economic activity, connecting businesses to international markets.
- Africa gains from having a strong currency in many ways, such as commerce, investment, regional integration, and geopolitical influence, much like the rest of the globe. In contrast, these are affected when a country’s currency has little strength.
- The Nigeria Immigration Service (NIS) announced on Wednesday the arrest of 378 illegal immigrants involved in fraudulent activities across Ogun State.
- Notably, despite economic hurdles worldwide, African nations are proving their resilience. South Africa retains its position as the continent’s most valuable nation brand, according to the Brand Finance 2025 report.
- Nigeria’s Chief of Air Staff (CAS), Air Marshal Hassan Abubakar, has stated that the withdrawal of Burkina Faso, Niger, and Mali from the Economic Community of West African States (ECOWAS) has placed an additional burden on the Nigerian military.
- While several African countries have increased their debts by seeking aid from lenders such as the International Monetary Fund (IMF), others have done a great job in reducing their debt loads.
- The governments of Uganda and Tanzania have dismissed claims by civil society organizations opposing the construction of the proposed crude oil pipeline project..
- Importers of Premium Motor Spirits (PMS) otherwise known as Petrol are reportedly thrown off by the Dangote refinery’s decision to reduce the price of its petrol.
