Saturday, July 2, 2022

Facility to Help Ease African Debt Crises Launched in France

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The creation of a finance facility to protect African nations against volatile commodity prices and onerous debt has been announced by the...

Europe’s Rubber Addiction Is Killing Africa’s Tropical Forests

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A first-of-its-kind investigation reveals that industrial rubber plantations in West and Central Africa have been linked to an area of tropical deforestation 16 times...

Russian Investors Quit Zimbabwe Platinum Project

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Zimbabwe’s biggest platinum project, struggling to get off the ground for the past two years has a new challenge. A major stake...

Russia stake in biggest Zimbabwe platinum project deters backers

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Zimbabwe’s biggest platinum project, struggling to get off the ground for the past two years has a new challenge. A major stake...

Uranium investors await price rally to revive Namibia projects

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Namibia’s finance minister said uranium miners are waiting for a price correction before reviving projects at Africa’s biggest ore producer, which is...

African central banks to put brakes on hiking to prop recovery

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Central banks in five of eight major African nations will likely hold interest rates in the next two weeks to shore up...

A Ghanaian company makes wine from cocoa

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Cocoa has been Ghana's main commercial crop for several decades. And although the West African country is the second largest cocoa producer and...

Airlines Win Deal to Buy Fuel at Fixed Rate From Nigeria State

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Nigeria’s state energy company will sell aviation fuel to domestic airlines at a fixed price for three months after some companies threatened...

Uganda acquires land for East Africa’s first nuclear power plant

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Uganda said it acquired land for the construction of East Africa’s first nuclear power plant as the continent’s top exporter of coffee...

Regional Central Bank Slams Central African Republic for Adopting Bitcoin

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The Central African Republic adopted Bitcoin in disregard of a decades-old agreement on a common currency with five of its neighbors, a...

Airlines Scrap Plan to Ground Flights as Nigeria Offers to Talk

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Nigerian airlines have suspended plans to ground flights starting Monday over the high cost of aviation fuel that is crippling their businesses...

Nigeria seeks funds for gas pipeline to Morocco

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Nigeria and Morocco are yet to secure funds for a mega pipeline project to bring Nigerian gas to North Africa and Europe,...

Africa’s Top Insurer Partners With Allianz on $2.1 Billion Deal

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Sanlam Ltd., Africa’s largest insurer, agreed to form a joint venture with Germany’s Allianz SE that will combine their assets on the...

Sub-Saharan Africa growth to slow down to 3.8% in 2022: IMF

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Stalled by Russia’s war on Ukraine, the GDP growth of the sub-Saharan Africa is projected to slow down to 3.8% this year,...

Twitter Confirms it has Registered in Nigeria

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Twitter says it has "established a legal entity in Nigeria", months after the social media firm agreed to conditions set out by...

Google to open its first African product development centre in Kenya

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Google has chosen Nairobi for its first product development centre on the continent. The announcement was made nearly 7 months after the tech...

Italy consolidates gas deal with Congo as it boycotts imports Russian imports

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Italy is another step ahead in its venture to increase its export of natural gas as the country signed a new

Rising Freight Rates Put Heavy Burden on Grain-Importing Nations

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The war in Ukraine will put further pressure on grain-importing countries in Africa and Asia as a reduced number of vessels for...

Europe Turns to Nigeria to Fill the Gap in Gas Supply

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On Monday, the EU Ambassador to Nigeria, Samuela Isopi, together with France, Italy, Portugal and Spain’s ambassador met with the management of...

West Africa Oil Still Unloved Despite Post-Ukraine Supply Woes

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Russia’s invasion of Ukraine has caused one of the biggest upheavals to global petroleum markets in living memory. It still isn’t resulting...