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TotalEnergies has signed a $10 million memorandum of understanding (MoU) with Mozambique’s Agency for the Integrated Development of the North (ADIN) to fund development projects in Cabo Delgado, the gas-rich province plagued by years of insurgency.
Nigeria’s 650,000 bpd Dangote refinery has exported its first gasoline cargo to the United States, marking a milestone in the plant’s growing supplies to the North American market.
Nigeria’s Securities Exchange suspended three insurers for missing filing deadlines, with two now compliant and awaiting suspension lifts.
The Federal High Court has ordered Unity Bank’s shareholders to vote on a merger with Providus Bank, a move that would see the century-old lender dissolve without winding up.
This marks the third rate reduction in 2025, reflecting cooling inflation alongside faster growth. Preliminary data showed Egypt’s economy expanded 5.4% in the second quarter, up from 4.8% in the first.
Nigeria has signed a new deep water production sharing contract with French energy company TotalEnergies and local partner South Atlantic Petroleum (Sapetro).
Kenya’s statistics agency attributed the uptick in inflationary pressures during the period to rising food, transport and utility costs, which together account for 57% of the consumer basket.
French oil major, TotalEnergies, has secured a fresh permit to explore offshore oil block, known as Nzombo block, in the Republic of Congo.
Nigeria’s headline PMI has surged, reaching a 19-month high, buoyed by rising new orders, increased output, and stable inflation, with inflation projected to keep rising in the near term.
After years of delay, the first phase of the 60,000 barrels per day (bpd) Cabinda refinery project has been inaugurated by President João Lourenço, marking a major step in the country’s refining drive.
Union Bank of Nigeria, has finalised its merger with Titan Trust Bank (TTB), bringing an end to a process that began in 2021 when TTB acquired a controlling stake.
Sidi Ould Tah was sworn in on September 1, 2025 as the ninth President of the African Development Bank Group (AfDB), succeeding Nigerian economist Akinwumi Adesina, who completed a decade-long tenure.
One of Africa’s leading deepwater oil and gas drilling companies Sonadrill has signed two drilling contracts to explore offshore Angola using its West Gemini and Sonangol Libongos vessels.
The government of Ethiopia has signed an agreement with Nigeria’s Dangote Group to build a 3 million tons per annum fertiliser manufacturing plant valued at $2.5 billion.
The Dangote Petroleum Refinery has become a central force in reshaping fuel supply across West and Central Africa, reducing Nigeria’s reliance on imported products and changing regional trade flows.
Zambia is seeking investors to commit $11.6 billion to its energy sector by 2030 as the country works to expand capacity and meet the surging demand for electricity driven by population growth and industrial needs.
Egypt has added two new wells to its gas production portfolio in the deep water West Delta, increasing supply by about 60 million cubic feet per day (mcfd).
Despite a decline in crude oil production, Ghana’s oil revenue in 2024 increased by 27.8% to $1.36 billion, compared to $1.06 billion in 2023.
Savannah Energy has announced the commissioning of a new gas compression system, valued at $45 million, at its Uquo Central Processing Facility (CPF) in Akwa Ibom State.
The injection, funded through GTCO’s two-phased equity capital raising programme approved in 2024, increases GTBank’s share capital from ₦138.2bn ($90.1m) to ₦504.0bn ($328.8m) — surpassing the CBN’s ₦500bn ($326.2m) threshold.
