African leaders launch $16bn refinery project in Kenya’s Lamu
Five African Heads of state broke ground for a $16 billion oil refinery in Kenya’s coastal town of Lamu on Wednesday, 30 September 2026, amid […]
oil
Nigerian Court orders regulator to continue issuing fuel import licences
A Federal High Court in Abuja has ordered Nigeria’s downstream petroleum regulator to continue issuing fuel import licences and related permits to Matrix Energy, AA […]
Uganda begins construction of $300m strategic fuel terminal
Uganda began constructing a 320-million-litre petroleum storage terminal in Mpigi District on Thursday, September 17, 2026, as part of efforts to strengthen fuel security and […]
Nigeria labour union demands urgent relief as petrol price rises to ₦1,430
The Nigeria Labour Congress (NLC) has called on the Federal Government to introduce emergency measures to cushion the impact of rising petrol prices, which have […]
Angola Cuts Interest Rate as Inflation Continues Downward Trend
On Tuesday, July 14 2026, Angola’s Central Bank has reduced its benchmark interest rate by 125 basis points to 15.75 per cent from 17.0 per […]
Angola Rules Out Legalisation of Artisanal Gold Mining, Prioritises Stronger Regulation
Angola has ruled out the immediate legalisation of artisanal gold mining, reinforcing its position that the sector must be strictly regulated rather than formalised under […]
Angola, Algeria Sign 11 Cooperation Agreements to Deepen Bilateral Ties
Angola and Algeria on Monday signed 11 legal instruments aimed at strengthening bilateral cooperation across key sectors including oil and gas, transport, mining, water resources, […]
IMF Urges Angola to Exercise Caution Over Oil Windfall Spending
The IMF (International Monetary Fund) has advised Angola and other oil-exporting countries in Sub-Saharan Africa to manage extraordinary oil revenues cautiously amid global economic uncertainty. […]
South Africa Confident on Debt Stability Despite Oil Price Surge and Market Volatility
South Africa’s National Treasury on Wednesday, March 18, reaffirmed that Government debt remains on track to stabilise, despite rising oil prices and global market volatility […]
Nigeria: FG hails CAC’s digital reforms as catalyst for investor confidence at 35th anniversary
The Federal Government has commended Nigeria’s Corporate Affairs Commission (CAC) for strengthening private sector growth and boosting investor confidence through sustained reforms and digital transformation. […]