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West African nation, Ghana, has secured $1 billion in climate financing to advance its renewable energy and green transition agenda.
Rhino Resources has commenced drilling activities at the Volans-1X exploration well under exploration license (PEL) 85, alongside its partners including the Namibian national oil company (NAMCOR), Azule Energy and Korres investment.
Southern African nation, Namibia, has secured $114.7 million to finance its flagship Namibia Green Hydrogen Programme (NGH2P).
Seplat Energy Plc, Nigeria’s leading indigenous oil and gas producer, has said it is committed to eliminating routine gas flaring from its onshore operations by 2025.
Two days after acquiring CHI Limited, UAC of Nigeria’s share price has surged, making it the 36th most valuable company on the NGX—despite a profit dip in H1 2025.
MTN Nigeria Communications has emerged as the second listed company to hit the ₦10 trillion market capitalisation as its share price rose by 2% on Friday.
Business activity in Nigeria climbed to a three-month high in July 2025, with employment growth reaching its strongest level in 21 months, according to the latest PMI from Stanbic IBTC Bank.
The signing ends a protracted standoff between policymakers—one not only jeopardised a critical fiscal support package but opened a $734 million hole in the 2024/25 budget.
Spanish oil firm, Repsol, has ramped up its oil production in Libya with the reactivation of 12 new wells in the first six months of 2025 as the country witnesses an uptick in drilling activity.
The African Export-Import Bank (Afreximbank) has been appointed as financial advisor for the $4.5 billion EG-27 liquified natural gas (LNG) project in Equatorial Guinea.
Tullow Oil has completed the sale of all its assets in Gabon to the state run Gabon Oil Company for $307 million and exited its operations in the Central African country.
The policy change, agreed with bankers on July 20, replaces the CBK’s earlier plans to anchor lending rates to its own Central Bank Rate, currently at 9.75%.
Zambian authorities say the extension will help entrench macroeconomic stability and support the continuation of economic reforms into 2026.
The telco giant’s performance, its highest half-year profit in at least eight years, comes just a day after it became the most valuable company on the Nigerian stock market, with its market value crossing the ₦9 trillion mark and surpassing Airtel Africa.
The bank’s decision comes as inflation declined for the sixth consecutive month in June, falling to 13.7%, supported by improved food supply, a stronger currency, and tighter fiscal control.
The capital raise is aimed at ensuring compliance with CBN’s minimum capital requirements for banks and aligns with its long-term strategic objectives.
South Africa is seeking private developers for a $22 billion (390 billion rand) grid expansion project to bolster the country’s energy security.
The Nigerian National Petroleum Company Limited (NNPC) has officially ruled out the sale of the state-owned Port Harcourt refinery.
The mega Dangote Refinery in Nigeria will not undergo any shutdown or maintenance for the rest of 2025, the company has confirmed.
Australia’s oil firm, Kinetiko Energy has started a three-week drilling campaign in test well 271-KA03PT10 at its onshore gas project in South Africa designed to boost output.
