Top stories
Top stories

French oil major TotalEnergies is preparing to drill exploration probes near its flagship Akpo deepwater field in Nigeria as it finalizes plans to sanction the nearby Preowei prospect, which is believed to hold up to 150 million barrels of oil reserves.

East African nation, Uganda and Tanzania, have now selected with a consultant to undertake a feasibility study for their joint cross-border gas pipeline.

The decision mirrors similar moves by Egypt and Nigeria, which also held borrowing costs steady at their most recent policy meetings amid domestic price pressures and global market uncertainties.

Kenya and Iran have given themselves 60 days to resolve a tea export dispute sparked by a quality-fraud scandal that strained diplomatic and commercial ties.

French oil major, TotalEnergies, has disclosed plans to begin oil exploration drills in the Orange Basin off the coast of South Africa.

South Africa’s labour market deteriorated further in the second quarter, with the official unemployment rate climbing by 0.3 percentage points to 33.2%, according to Statistics South Africa.

Egypt has successfully integrated 2,000 megawatts (MW) of renewable energy, including solar and wind power, into its national grid to boost its electricity supply.

The Moroccan National Office of Electricity and Drinking Water (ONEE) has officially launched an international tender for the construction of a $6.18 million hybrid solar-diesel power plant with battery storage in El Guerguarat.

Data from the Kenya National Bureau of Statistics show 214.5 million transactions were recorded during the month — a steep 29.2% drop from April’s 303.1 million.

Following the withdrawal of oil majors, including Shell and Chevron, the Egyptian government is now offering the Red Sea gas field for concessions to other foreign investors.

The first phase of the 60,000-barrel-per-day (bpd) Cabinda refinery in Angola will be commissioned in September 2025, as the government moves quickly to bridge its significant refining gap and reduce reliance on fuel imports.

The African Development Bank (AfDB) is set to provide $500 million to Ethiopian Airlines, a move that will establish the Airline as Africa’s largest airline after completion in 2029.

Nigeria’s Dangote Refinery is set to import 4,000 natural gas powered trucks as part of its plan to distribute refined fuel products directly within the local market.

Mellitah Oil & Gas, a joint venture between Libya’s National Oil Corporation (NOC) and Italian energy giant Eni, has appointed US-based Hill International to provide project management services for its $8 billion Structures A & E project in offshore Libya.

According to Akobo’s disclosure, ETI has acquired 7.4% stake in its shares, amid lingering debt facility.

A US firm, Energy America, has announced plans to develop a 100 MWp solar power plant paired with a 250 megawatt hours (MWh) battery energy storage system (BESS) in Uganda.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to award 220 oil blocks across the country’s onshore and offshore basins in its latest licensing bid round.

Sierra Leone has taken a major step toward unlocking its oil and gas potential with the completion of a promising offshore 3D seismic survey, as the country positions itself to become West Africa’s newest oil and gas frontier.

Egypt’s annual urban inflation slowed to 13.9% in July 2025 from 14.9% in June, offering a modest reprieve, amid contraction in non-oil private sector for the fifth consecutive time.

Pakistan Refinery Limited (PRL), a majority-owned subsidiary of Pakistan Oil Company, is set to purchase 500,000 barrels of Nigeria’s Bonny Light crude through Vitol this September, its first-ever cargo from Africa’s largest oil producer.