Top stories
News
Top stories
The reinstatement brings relief to UBA Ghana, which is among the country’s major commercial banks with a strong presence in corporate and retail banking.
Despite its vast oil wealth, Libya has faced years of cash shortages that have forced citizens to queue outside banks to withdraw limited funds.
Renewable energy firm Sola Group has begun commercial operations at the $163 million Springbok Solar Project in South Africa’s Free State province, marking the largest operational wheeling facility in the country.
French energy giant TotalEnergies says it will launch the Ima shallow-water offshore development gas project in Nigeria in 2026, as part of two projects aimed at boosting the country’s LNG production.
Ethiopia, Africa’s second most populous nation, earned $2.48bn in export revenue during the first quarter of the 2025/26 fiscal year, representing a 117% increase compared with the same period a year earlier.
The German multinational logistics and supply chain management company is doubling down on Africa’s trade future with a $349.6m investment targeting logistics expansion across its express, global forwarding, and supply chain division.
Fresh oil and gas developments approved this year are expected to boost Nigeria’s output by 600,000 barrels per day (bpd) of crude and over 2 billion standard cubic feet of gas daily.
Sierra Leone, one of Africa’s oil frontiers, is seeking partnerships with Russian oil and gas companies to develop its huge hydrocarbon prospects, estimated at 30 billion barrels of oil and 25 trillion cubic feet of gas.
Consumer prices have eased sharply from last year’s highs, however, erratic movements and a slight uptick in September 2025 point to persistent price pressures.
The IMF has projected that SSA’s economic growth will remain unchanged in 2025 despite new US tariffs that took effect in August and raised concerns about trade disruptions.
The 2.1 percentage-point drop marks the sharpest decline since April, when consumer prices began their downward trend. Based on the old methodology, September’s inflation rate is the lowest since May 2022.
British energy company BP has signed a new agreement with the Egyptian Ministry of Petroleum to drill five offshore natural gas wells in the Mediterranean.
TotalEnergies Chief Executive Officer Patrick Pouyanné has warned that the new U.S steel tariffs will increase construction costs for major gas projects, including the Mozambique LNG facility.
Data from the Nairobi Securities Exchange show NCBA’s share price surged to KSh 75.25 ($0.56) at Tuesday’s close — its highest on record. The group, currently the most expensive banking stock on the NSE, maintained strong momentum in Wednesday’s intraday trading.
A US-based energy company, Hydro-Link, a subsidiary of Symbion Power, has signed a $1.5 billion agreement with the Democratic Republic of Congo (DRC) to build a major transmission line that will power the country’s copper and cobalt mining hub.
The Nigerian government has finalised the implementation framework for the ₦4 trillion ($2.68 billion) Presidential Power Sector Debt Reduction Plan, a major step toward restoring financial stability and investor confidence in Nigeria’s electricity market.
According to data from the Nigerian Exchange Limited (NGX), Stanbic IBTC — the most expensive banking stock on the bourse — gained from ₦109 ($0.07) on Friday to ₦115 ($0.08) on Monday, maintaining that price through Tuesday’s close.
The capital injection comes as fiscal uncertainty deepens over Ethiopia’s stalled Eurobond restructuring, which analysts say could complicate access to external funding.
Africa’s largest banking group by market value has voiced concern over the United Kingdom’s newly proposed £11bn ($14.7bn) car loan compensation scheme, warning that it could expose lenders — including its UK subsidiary, MotoNovo Finance — to significant financial risks.
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, and SunLink Energies and Resources Limited have taken a final investment decision (FID) on the $2 billion HI gas project located offshore Nigeria.
