Economy

Nigeria’s Dangote refinery, facing technical issues, is reselling U.S. and Nigerian crude cargoes. The refinery’s operational challenges impact crude prices and market stability.

Ugandan youth protest against corruption, demanding the resignation of Parliament Speaker Anita Among.

South Africa’s ambitious climate pledges are hindered by slow action in transitioning from coal to renewable energy, according to a recent report.

Uganda charges 42 youths after a banned anti-corruption protest in Kampala. They face various offenses and are remanded in custody.

Botswana proposes a new law to increase local ownership in mining by requiring companies to sell a 24% stake to citizens if the government opts out.

Kenyan police fire tear gas to prevent scuffles between protesters and government supporters in Nairobi, as youth-led demonstrations against alleged corruption and misgovernance continue.

MSF reports extreme violence against civilians in Sudan amid ongoing conflict, emphasizing the humanitarian crisis and collapsed health system. 

The dollar eased as Biden ended his re-election bid, impacting markets. China’s yuan weakened after a surprise interest rate cut, affecting the Australian dollar.

Nigeria’s Dangote refinery is negotiating with Libya and Angola to secure crude oil, aiming to overcome domestic supply issues and expand gasoil exports. 

Nigeria’s FCCPC fines Meta $220 million for violating consumer and data protection laws, marking a significant regulatory action against the tech giant’s data practices.