President William Ruto has declared that Kenya and its regional partners will move ahead with plans to establish a major oil refinery alongside Nigerian billionaire Aliko Dangote, despite mounting opposition from powerful interests that benefit from fuel imports into East…
When conflict across the Middle East disrupted one of the world’s most critical energy corridors, global fuel buyers scrambled for alternatives. Few expected Nigeria to emerge at the center of that shift. Yet within weeks, Dangote Petroleum Refinery transformed from…
President William Ruto says Kenya will move ahead with plans to build a major regional oil refinery alongside Nigerian billionaire Aliko Dangote despite mounting resistance from fuel import interests that currently dominate East Africa’s petroleum market. Speaking during the Annual…
Ghana is sending a clear message to global mining giants: long-term access to the country’s mineral wealth will now come with tougher conditions, stronger scrutiny and higher expectations for local economic impact. As South African mining giant Gold Fields approaches…
Russia is rapidly expanding its military footprint across Africa as the continent now accounts for 30% of orders handled by Rosoboronexport, the country’s state intermediary agency for defense-related exports. The latest figures underline Moscow’s growing strategic focus on Africa at…
South Africa is preparing for what could become its first interest rate increase in three years as policymakers race to contain inflation triggered by surging global oil prices and growing geopolitical instability in the Middle East. The South African Reserve…
South Africa is positioning itself for a powerful surge in private wealth over the next five years, with new projections showing its billionaire population rising by 40 percent by 2031, even as the country continues to navigate weak growth, infrastructure…
South African opposition leader Julius Malema has sparked fresh conversations across the continent after delivering a deeply emotional apology to Africans over recurring xenophobic violence in South Africa. Speaking passionately about the country’s troubled relationship with fellow African nations, Malema…
Nigerian push to diversify its economy beyond crude oil is placing renewed attention on the country’s vast gold reserves, with several states emerging as major hubs for exploration and mining activities. Across Nigeria, gold continues to rank among the most…
Nigeria’s electricity sector has suffered another heavy blow after the Federal Government and the World Bank jointly cancelled $717.7 million in undisbursed financing meant to support the country’s struggling power industry. The cancelled funds formed part of the $1.52 billion…