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S&P Global has upgraded Kenya’s credit rating and assigned a stable outlook, citing resilient economic growth supported by easing external liquidity risks.
Aradel Holdings, one of the leading local oil and gas operators in Nigeria, has signed a gas supply agreement (GSA) to deliver additional feed stock volumes to the Nigeria LNG company (NLNG) in Rivers state.
Namibia and Botswana are advancing discussions on a $4 billion joint oil refinery project as feasibility studies move forward, with Walvis Bay and Ghanzi being considered as possible locations.
According to a new report on Monday, private equity investments in South Africa surged 66% in the first half of 2025 as higher commodity prices and global market volatility spurred investor appetite for Africa’s most industrialized economy.
Africa’s largest holder of natural gas reserves, Nigeria, produced about 1.372 trillion cubic feet (Tcf) of natural gas in the first half of 2025, even as it continues to struggle with high levels of routine flaring.
Nigerian indigenous oil and gas company, Seplat Energy Plc, has supplied its first cargo of Liquefied Petroleum Gas (LPG) for domestic use from the Bonny River Terminal in Rivers State into Nigeria’s market.
The Nigeria Liquefied Natural Gas company (NLNG) has signed landmark Gas Supply Agreements (GSAs) with multiple third-party suppliers to deliver up to 1.29 billion cubic feet of natural gas daily to its Bonny processing plant.
One of Africa’s leading oil producer, Angola, has had its oil output fallen for the first time below one million barrels per day (BDP) since leaving the Organisation of Petroleum Exporting Countries (OPEC) two years ago.
Standard Bank Group has appointed Joshua Oigara as Regional Executive for East Africa, while he continues to serve as Chief Executive and Executive Director of Stanbic Kenya.
Kenya is making progress on plans to construct its first nuclear power plant, a project that has secured rare political consensus with backing from President William Ruto, Opposition Leader Raila Odinga, and the Council of Governors.
Zambia’s state-owned utility firm, Zesco, has signed a $300 million deal with Anzana Electric Group to connect 2 million residents to the country’s national grid for the first time.
The negotiations, which could slash interest costs by nearly half, also seeks to extend repayment deadlines and ease pressure on public finances.
With presidential elections scheduled for October 2025, the International Monetary Fund further cautioned that political pressures could complicate fiscal consolidation.
National Pension Commission (PenCom) has blacklisted seven mortgage lenders from its retirement-savings-backed housing scheme, underscoring both the potential and risks of deploying pension assets to ease the housing crunch.
More than 1,000 Kenya’s chief executive officers are entering the second half of 2025 with optimism, see growth but fear rising cost, tax obligation, and tariffs uncertainties.
The fresh capital is expected to lift the unit’s standing into Tanzania’s top five lenders from its current tenth position, where it manages assets of $666 million.
According to PwC Nigeria, real household spending in the country is expected to recover in 2025, reaching $16.7 billion — the highest in three years — after two straight years of decline.
Mozambique prepares to launch electricity exports to Malawi in November, generating an estimated $5 million per month from supplying 50 megawatts (MW) of power from its Tete province.
New data from the Ethiopian Investment Commission (EIC) shows that FDI rose to $4bn in the 2024/2025 fiscal year from $3.8bn a year earlier, driven by a surge in investment permits.
The Asian Infrastructure Investment Bank (AIIB) plans to invest $1.5 billion to support Africa’s Mission 300 programme aimed at connecting millions of people to electricity by 2030.
