Amidst infrastructural challenges, Nigeria’s oil sector is undergoing a transformative shift. Leading this change is Aiteo, Nigeria’s foremost independent oil producer, reports Bloomberg. The introduction of a unique oil blend,…
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Ethiopian Prime Minister Abiy Ahmed, amidst the turmoil of post-conflict reconstruction, has ignited a diplomatic storm with neighboring countries over Ethiopia’s access to the Red Sea, according to a Bloomberg…
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The Supreme Council for Shari’ah in Nigeria (SCSN) has implored the Nigerian government to extend urgent relief materials to Palestinians amidst their current humanitarian crisis, reflecting broader concerns about ongoing…
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Zimbabwe’s economic landscape faces potential turmoil as the nation contemplates phasing out the use of the US dollar by December 2025, a move met with skepticism by key financial stakeholders.…
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The Ghana Airports Company Limited (GACL) rejected corruption claims linked to its Airport City 2 Project. It emphasized legal compliance, countering accusations from Hon. Samuel Okudzeto Ablakwa and detailed the…
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In a significant move amplifying Africa’s energy sector, the African Export-Import Bank (Afreximbank) has forged a $75 million development agreement with Torxen Energy Resources. The landmark deal, earmarked for Petroleum…
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OK Zimbabwe Limited, a prominent supermarket chain, has praised government-led stability measures following a robust 33.3% surge in its revenue amid economic calming strategies. Early in 2023, the Zimbabwean dollar…
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Nigeria’s ongoing economic strife, accentuated by persistent foreign exchange crises, is compelling major manufacturing firms to overhaul their business strategies, a move experts warn could jeopardize product quality and pose…
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In 2017, Kenya proudly unveiled the first section of its Chinese-financed railway. However, two years later, construction halted midway, and plans to connect it to other East African nations seem…
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In a significant move, the Democratic Republic of Congo (DRC) announced plans to relax restrictions in the eastern provinces of North Kivu and Ituri. Both areas had been under a…