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ExxonMobil is seeking security assurances from the Government of Mozambique before moving ahead with its proposed $30 Billion Liquefied Natural Gas (LNG) terminal in the country’s northern region.
Ethiopia’s interbank money market has passed the $6.9 billion mark less than a year after launch, underscoring progress in monetary reforms and investor confidence in financial liberalisation drive.
One of Germany’s biggest utility firm, RWE, has withdrawn its suppport from Namibia’s $10 billion Hyphen Hydrogen Energy project.
Following news of the talks, the bond rose by as much as 2.6 cents to trade at 94.88 cents on the dollar, according to Tradeweb data, reflecting investor optimism that a deal may be within reach.
Ethiopia’s Central Bank has raised the banking sector credit cap to 24%, despite plans to fully lift the Cap as planned in September, amid falling inflation.
The Central Bank of Kenya (CBK) has unveiled draft regulations requiring all credit guarantee firms operating in the country to hold a minimum core capital of KES 1 billion ($7.86 million).
Uganda has received the final shipment of pipes for the $5 billion East African Crude Oil Pipeline (EACOP) project, marking a major step toward its first oil production next year.
South Africa’s power sector has added 9,600MW of capacity following the commercial operation of Unit 6 at Kusile Power Station, confirmed by state utility Eskom
The Mauritius International Financial Centre (IFC) climbed six places in the 38th edition of the index to rank 52nd worldwide, now trailing only Dubai and Abu Dhabi in the Africa and Middle East region.
Equatorial Guinea has signed a major agreement with US energy giant Chevron to develop the Aseng Gas Project, marking a significant step in the country’s ambition to become a leading liquefied natural gas (LNG) processing hub in Africa.
Nigeria’s Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on its members, including TotalEnergies, Shell, Oando and others, to halt gas supply to the Dangote refinery over the mass layoff of workers.
Nigeria’s mega Dangote refinery has announced plans to stop selling Premium Motor Spirit (PMS), commonly known as petrol, in the local currency, the Naira.
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued a scathing condemnation of what it describes as “anti-labour practices” at the Dangote Refinery, alleging the termination of over 800 Nigerian workers in favour of over 2,000 Indian workers.
Ecobank Transnational Incorporated (ETI) has completed the sale of its 98.8% stake in Ecobank Mozambique to Malawi’s FDH Bank Plc, ending its 11-year presence in the Southern African country.
TAJBank Limited, Nigeria’s fast-growing Islamic lender, has surpassed the Central Bank’s minimum capital requirement for regional non-interest banks, well ahead of the March 2026 deadline.
Vice President Philip Mpango disclosed the ambitious FDI target at Tanzania–U.S. Trade and Investment Forum held at the sidelines of the ongoing UNGA while pitching American investors.
Nigeria’s Dangote Petroleum Refinery has terminated the employment of some of its local staff, following reports that most of them joined the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
Russia has signed an agreement with the Ethiopian governmentto build the first-ever nuclear power plant in Ethiopia, marking a major step in the country’s push for nuclear energy.
Nigeria has officially approved TotalEnergies Exploration and Production Nigeria Limited’s divestment of its 12.5% contractor interest in Oil Mining Lease (OML) 118, a strategic deepwater asset that includes the prolific Bonga field.
Pearl Nkrumah takes the helm of Access Bank Ghana on October 1, 2025, becoming the lender’s first female chief executive, amid accelerating the lender’s local and global footprint.
