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Top stories
The marginal 0.05-percentage-point decline reflects a continued trend of disinflation and widens the scope for a rate cut decision when policymakers meet next week.
Italian energy company Eni has discovered up to 5.0 trillion cubic feet of gas and 450 million barrels of condensate in a new offshore block in Ivory Coast.
Vitol is backing a consortium planning to develop a $3 billion liquefied natural gas (LNG) import terminal and gas-fired power plant at the Port of Durban in South Africa, a company spokesperson confirmed.
Azule and its partners in Angola have confirmed a new offshore oil discovery estimated at 500 million barrels in an offshore block, providing fresh resource potential as the country works to steady crude production.
In a statement issued last Friday, the Washington-based lender said the package will fund an initial response plan aimed at supporting around 40,000 households affected by Cyclones Fytia and Gezani. Sector-specific measures are also underway.
Dangote refinery has restored its crude distillation unit, CDU, to full capacity of 650,000 bdp after a maintenance shutdown, as it prepares to restart its fuel producing residual fluid catalytic cracker (RFCC).
South Africa has announced plans to establish a fully independent, state-owned transmission company that will operate separately from Eskom.
The new agreement adds to growing financial backing from multilateral lenders as Ethiopia pushes ahead with reforms under a programme backed by the International Monetary Fund.
Nigeria’s independent energy firm, Aieto, has been awarded an exploration licence in a Libyan oil block following the close of the country’s 2025 upstream bid round.
Libya has awarded exploration licenses to American oil giant Chevron and a consortium of Spain’s Repsol and Turkey’s TOPC on Wednesday, in the country’s first licensing round since 2007.
The government of Ghana has announced plans to commence Phase 1 of the nearly $1 billion Pwalugu Multipurpose Dam Project, signalling a renewed effort to advance the long-delayed power infrastructure project.
The 75 basis points cut to 13.50%, defies market expectations for a more modest reduction to 14.00% amid fast-falling price pressures.
Tanzania has launched one of Africa’s largest compressed natural gas (CNG) hubs as it steps up efforts to shift transport and energy use toward cleaner alternatives.
Mozambique’s 450-megawatt Central Termica de Temane (CTT) station, a planned gas-fired power plant, has been delayed until 2027 after rising construction costs.
The decision marks the 10th consecutive reduction since the easing cycle began in 2024 and brings the Central Bank Rate (CBR) to its lowest level since January 2023.
Egypt’s inflation rate slowed for the first time in two months in January, mirroring trends in Ghana and Kenya and strengthening expectations that the central bank may deliver another interest-rate cut later this week.
NNPC Limited has opened talks with a Chinese petrochemical firm over its four refineries as it seeks to revive the moribund plants that have operated at loss for years.
While overall conditions continued to improve, firms reported weaker gains in employment and purchasing activity, reflecting slower order inflows, a drawdown in backlogs and concerns about excess inputs.
Tunisia has awarded French renewable energy company Voltalia a contract to develop a 132-megawatt solar power project to boost electricity supply in the country.
Morocco has put plans for a new natural gas pipeline on hold after its finance ministry blocked the tender over budgetary and regulatory concerns.
