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The Dangote Petroleum Refinery has reduced its petrol gantry price from N828 ($0.57) to N699 ($0.48) per litre ahead of the festive season, a senior official of the company reveals.
Equity Group and KCB, the country’s two biggest lenders, on Wednesday announced that all new Kenya-shilling loans issued from December 1 will now be priced using the revised CBR of 9%.
The review marks a notable turnaround for Ethiopia, which only regained access to IMF financing last year after a long suspension triggered by stalled reforms and a conflict that erupted in 2020.
The African Development Bank (AfDB) has approved a $10 million loan to Hyphen Hydrogen Energy to advance engineering work on Namibia’s planned $10 billion green hydrogen and ammonia project.
Egypt has renewed its criticism for the newly built $5 billion Grand Ethiopian Renaissance Dam (GERD), saying it could take all measures allowed under the United Nations Charter if its water security is threatened
NNPC E&P Limited (NEPL) has announced a major milestone in its upstream operations, with production reaching 355,000 barrels per day (bpd) for the first time in more than three decades.
Senegal has approved its share of the capital payment for the African Energy Bank (AEB), bringing the continent closer to launching a financing institution for energy projects.
The successful auction comes on the back of fiscal consolidation, improved power supply and early signs of recovery in logistics as authorities push to revive South Africa’s struggling economy.
Before the new tariffs, South Africa’s small exporters typically saw their strongest US demand in the final quarter, driven by Thanksgiving, Black Friday and Christmas shopping.
Despite the scale of interventions, reserves climbed from $9.1 billion at the end of 2024 to $11.4 billion by October 2025, aided by a historic gold rally
Shell Plc has acquired a 60% stake in Block 2C of South Africa’s portion of the Orange Basin, close to the Northern Cape Ultra Deep area where its plans to drill five wells continue to suffer delays.
TotalEnergies has emerged as the operator of Galp Energia’s flagship offshore oil discovery in Namibia after securing a large stake in the asset.
Ethiopia and Nigeria have signed the preliminary agreement for a Gas-by-Rail Economic Corridor Initiative (GBR-ECI), launching a significant project that will involve the building a 73,500-kilometre freight railway connecting 40 sub-Saharan African countries.
South African power utility Eskom has finalised a Memorandum of Understanding (MoU) with Samancor Chrome and the Glencore–Merafe Chrome Venture aimed at reducing electricity costs for metal manufacturers in the country.
South Africa’s mining giant, Exxaro Resources, has signed binding agreements to acquire majority stakes in two fully operational renewable energy plants from Acciona Energía in a transaction valued at between 1.7 billion rand and 1.8 billion rand ($106 million).
Angola inaugurated its first solar‑plus‑storage minigrid, representing the start of a wider programme to expand reliable electricity to rural and underserved communities.
Officials said state revenue reached $4.4 billion in September, reflecting 105% of the full year target amid stronger tax collection.
US oil giant Chevron has confirmed its intention to participate in Nigeria’s 2025 oil licensing round, while also commending the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
West African nation, Nigeria has, for the first time, imported more solar cells than finished solar panels, as local assembly of solar products continues to grow.
Cameroon’s President, Paul Biya, has secured a €55.4 million ($64.71 million) loan from Afreximbank to accelerate the country’s solar-based rural electrification programme.
