Angola’s public debt reaches Kz65.8 trillion in first half of 2026
Angola’s public debt stock reached Kz65.8 trillion by the end of the first half of 2026, equivalent to about US$72 billion, representing 51.24% of the […]
Petroleum
Côte d’Ivoire Discovers Major Light Oil Deposit in Deepwater Basin
Côte d’Ivoire has announced the discovery of a new hydrocarbon deposit containing high-quality light crude oil, marking a significant step towards its goal of becoming […]
Namibia to Centralise Fuel Imports in Bid to Cut Rising Petroleum Costs
The Namibian Government plans to introduce a state-coordinated petroleum import system by September 2026 as part of efforts to reduce fuel costs and improve efficiency […]
Kenya Suspends Transport Strike After Deadly Fuel Price Protests
Kenya on Tuesday announced a one-week suspension of a nationwide public transport strike following protests over soaring fuel prices that left four people dead. Onesimus […]
Kenya raises fuel prices again as Middle East conflict squeezes oil supply
Kenya has increased retail fuel prices for the second consecutive month amid rising global energy costs and supply pressures linked to the conflict in the […]
South Africa Announces Sharp Fuel Price Hike Amid Global Oil Pressure
The Department of Petroleum and Mineral Resources has announced significant fuel price increases effective Wednesday, with petrol rising by R3.27 per litre and diesel by […]
Sierra Leone Signs $225m Offshore Oil Deal to Revive Exploration
On Thursday, April 24, Sierra Leone has signed a petroleum licence agreement with Marginal Energy Limited, granting the firm offshore exploration and production rights as […]
Dangote Refinery Expands Exports to Africa Amid Iran War Supply Disruptions
Aliko Dangote has announced that his refinery is ramping up exports of petroleum products and urea to African countries affected by supply disruptions linked to […]
Angola Attracts $9.9 Billion Investment in Oil Sector Over Eight Years
Angola invested approximately 9.9 billion US dollars in its petroleum sector over an eight-year period, reflecting sustained efforts to reinforce the backbone of the country’s […]
Kenya Confirms Robust Fuel Reserves as Middle East Tensions Persist
Kenya on Wednesday moved to calm public concerns over potential fuel disruptions, assuring that the country holds sufficient petroleum stocks despite the ongoing Middle East […]