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Despite the downturn, Kenyan firms were more optimistic about future output. Business confidence rose for a second month in a row, reaching a 15-month high in July.
The federal government of Nigeria has approved a new license for the construction of a 450,000-barrel-per-day refinery in Ogun State, Southwest Nigeria.
Nedbank Group, South Africa’s fourth-largest bank by assets, has begun formal steps to sell its 21.2% stake in Ecobank Transnational Incorporated (ETI).
The Renaissance Africa Energy Company Limited says its oil and gas production has grown by over 40% just months after successfully acquiring Shell’s onshore assets in Nigeria.
Southern African nation, Zimbabwe, signs a $4.4 million project preparation facility agreement with African Export-Import Bank (Afreximbank) to study the 1-gigawatt (GW) hybrid floating solar photovoltaic project on Lake Kariba, Zimbabwe.
Nigerian energy firm Oando PLC reported a remarkable 63% year-on-year increase in upstream production during the six months ended June 30, 2025.
The 150 MW Laayoune wind power plant is set to power the second phase of the Agadir desalination project in Morocco.
Afreximbank has financed Dangote’s syndicated refinancing facility, contributing $1.35bn of the $4bn, making the bank its largest single lender.
East African nation, Uganda, has officially launched its Nyagak III hydropower project worth about $20 million with the aim to boost the country’s power supply.
Nigeria increased its oil production to 1.78 million barrels per day (bpd) in July, bringing output closer to its previous peak of 1.8 million bpd recorded last November.
The move comes amid mounting losses for South Africa’s auto sector, with local manufacturers bearing the brunt of Trump’s trade policies as multimillion-dollar export contracts vanish.
The Centre for Promotion of Private Enterprise projects Nigeria’s GDP to reach $450bn in 2025, nearly doubling the $252bn in 2024.
Absa Bank Kenya has announced a $30.9 m injection into the country’s affordable housing sector, aiming to ease access to mortgage financing and support individuals and families seeking homeownership.
The United States Government has awarded a $5 million grant to support the second and third phases of the Chimuara Nacala Transmission Line project in Mozambique.
The World Bank Board of Executive Directors approved a $200 million grant for Zambia through its International Development Association (IDA) to boost the nation’s electricity access.
ExxonMobil is exploring a preliminary agreement for natural gas development in offshore Libya, years after it exited the country decades ago due to political instability.
With the next policy meeting scheduled for August 12, analysts are watching to see whether policymakers will hold rates steady in the face of rising inflation.
Despite receiving the sharpest cut in the new round of tariffs, Lesotho’s textiles industry, which has relied heavily on duty-free access under the US’ Africa Growth and Opportunity Act, continues to reel from months of uncertainty.
Nigeria may experience a decline in oil revenue as the country ramps up supply to Dangote refinery, a new report shows.
The Chief Executive Officer (CEO) of Shell Plc, Wael Sawan, has said while the oil company continues to monitor developments in Namibia’s oil sector, the country is no longer one of its top priorities for exploration spending.
