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Consumer prices dropped for the eighth consecutive month to 11.5% in August 2025 from 12.1% in the previous month, marking the lowest level since October 2021.
The stalemate comes at a delicate moment for Africa’s most industrialised economy, already grappling with the devastating fallout of a 30% US tariff hike — the highest rate across the continent.
Indian Oil Corporation (IOC) has turned to Nigerian and Middle Eastern crude supplies, skipping United States oil in its latest tender, a new report shows.
French oil major, TotalEnergies, is currently in talks with the Namibian authorities to extend an exploration license in the country’s popular Venus block under Petroleum Exploration License (PEL) 56.
The Bank of Ghana has barred five international remittance operators from handling transfers for a month, citing unauthorised dealings with local payment firms, a move to enforce regulatory compliance.
British oil major, Shell Plc, has returned to Angola after a 20 year break, as the country seeks fresh investment to boost crude oil production and reverse years of decline.
Mamo Mihretu has stepped down as governor of Ethiopia’s central bank, a post he has held since January 2023 amid sweeping economic and monetary reforms.
Angola sets to expects an additional $5 billion investment from Azule Energy, the joint venture between Italian oil and gas explorer Eni and British Petroleum (BP), to support its oil and gas sector over the next four to five years.
American oil major Chevron has inked a preliminary agreement with Angola’s upstream regulator the National Oil, Gas and Biofuels Agency (ANPG) to explore for oil in the country’s offshore block 33/24 located in the Lower Congo Basin.
Nigeria’s Dangote Refinery has shut its gasoline producing unit after catalyst leaks and other technical issues, with repairs expected to last at least two weeks, two industry sources familiar with the matter said.
Tanzania said it is building on Nigeria’s recent expansion of compressed natural gas (CNG) as it seeks to lower dependence on fuel powered cars and reduce its oil import bill.
North African nation, Morocco, has inaugurated its first 13 MW floating solar plant on the Oued Rmel Dam reservoir to power Tangier Med Port.
Chinese state-owned energy conglomerate China Energy Engineering Corporation (CEEC) is planning to invest up to $1 billion in Egypt’s energy sector over the next five years.
Alexandria Petroleum Maintenance Company (Petromaint), a subsidiary of Egypt’s Ministry of Petroleum, has secured a $121 million contract to provide full maintenance services at the Zubair oilfield in Iraq.
The recovery in the sector comes even as inflation climbed for a second month, hitting 4.5% in August, the highest since July 2024.
Dangote Refinery has imported crude oil from Ghana for the first time since it came on stream in a bid to boost its feedstock bank as domestic suppliers continue to supply below nominated volumes.
Kenya has targeted an ambitious plan of 20,000MW nuclear power capacity by 2040 to address chronic power shortages and foster economic growth.
The talks come amid mounting pressure to secure fresh concessional loans to ease the burden of rising debt in the East African nation.
Nigeria has reduced the amount oil companies can recover from their investments in offshore projects, as the government seeks more income to cover a widening budget gap.
French energy firm TotalEnergies has denied claims that it failed to comply with agreements tied to the development of local communities in Mozambique’s Cabo Delgado province.
