Tullow Oil to buy Capricorn Energy for $827 mln in Africa play
West Africa-focused Tullow Oil TLW.L will acquire Capricorn Energy CNE.L in an all-stock deal valued at 656.9 million pounds ($826.7 million), the London-listed energy...
AFC proposes pragmatic path to net zero in Africa
The Africa Finance Corporation’s infrastructure summit in May saw the launch of a white paper calling for a pragmatic approach to achieving net zero...
Nigerian Govt spends N896.7b repaying China debts, others in three months
THE Nigerian government has revealed that it spent over N896.7 billion in the first three months of 2022 repaying matured foreign and local debts.
This...
The Namibia Oil and Gas Conference gains official endorsement from the Ministry of Mines...
Namibia’s Ministry of Mines and Energy (MME) has given its official endorsement to the premier Namibia Oil and Gas Conference which will take place...
Maritime: ECOWAS removes Nigeria from piracy hotspot list
The Economic Community of West African States (ECOWAS) has removed Nigeria From its Piracy Hotspot List.
The President of the ECOWAS Commission, Jean Claude Kassi...
Nigeria spends 86% of revenue on debt servicing, South Africa pays 20%
Nigeria spent 86 per cent of its revenue on servicing debt in 2021, but South Africa spent only 20 per cent of its receipts...
Shareholders approve Ecobank dividend
For the first time since 2016, shareholders of Ecobank, the leading pan-African bank with operations across 33 African countries, will receive a dividend. The...
Tanzania topples SA as Kenya’s top source of imports in Africa
Tanzania has become the largest source market for Kenya on the continent after overtaking South Africa, partly on the back of increased orders of...
West African gas pipeline expansion project to boost natural gas supply
The Nigerian Government has revealed that West African Gas Pipeline Expansion Project is working closely with the Nigeria-Morocco Gas Pipeline (NMGP) Project for possible...
IMF urges countries to support vulnerable, avoid blanket subsidies as food, fuel prices soar
The IMF said on Tuesday governments fighting soaring food and fuel prices should target aid to vulnerable citizens rather than issue across-the-board aid that...
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