Africa / News
Flydubai expands Kenya operations with new Nairobi flights and increased Mombasa services
Flydubai launches new Nairobi flights from October 15 and increases Mombasa to daily service, bringing total weekly Kenya flights to 11 as part of African expansion.
Small, medium-sized countries establish Future of Investment and Trade Partnership
UAE joins 13 countries in establishing Future of Investment and Trade Partnership to promote open trade, strengthen supply chains and address emerging economic challenges globally.
Nigerian president advances oil bill placing NNPCL under control of Finance Ministry, upstream regulator
President Bola Tinubu has endorsed a bill that would undermine the "independence" of NNPCL, shifting ownership to the Finance Ministry and handing new powers to upstream regulator NUPRC.
Lukewarm support for Polish UN vote condemning Russian drone incursion
Only 46 out of 193 UN member states signed a joint UN declaration on September 12, denouncing Russia’s alleged involvement in a drone incursion into Polish airspace two days earlier.
GoviEx, Niger extend arbitration pause on Madaouela uranium project valued at $376mn
Madaouela is among the world’s largest uranium resources, with measured and indicated resources of 100mn pounds of U₃O₈ and a post-tax net present value of $376mn at a uranium price of $80 per pound.
Aminex reaches major milestone in Tanzania’s largest onshore gas development - Interview
Aminex has entered the construction phase of the Ntorya Project, Tanzania’s largest onshore gas development, marking a key milestone for the company and the East African country’s energy strategy.
Oil majors face $4.4bn in liabilities under Nigeria's tightened decommissioning rules, says NUPRC chief
Nigeria’s upstream regulator has cleared 94 oilfield decommissioning plans worth $4.42bn since April 2023, arising from all FDPs submitted in that period, the NUPRC chief said, underscoring tightened rules to safeguard state finances.
Pan African lifts revenue 45% on gold rally, boosts dividend by 68%, ups FY2026 output guidance
CEO Cobus Loots says Pan African Resources expects to benefit from rising gold prices in FY2026 following a “historic rally” over the past two years, supported by central bank buying, geopolitical risk and supply constraints.
Iran reaches nuclear cooperation deal with IAEA after dispute
Iran and the IAEA reach new cooperation framework after 12-month dispute over nuclear inspections following Israeli and US strikes on Iranian facilities.
Panoro Energy taps ex-Perenco executive Eric d’Argentré as COO, president amid H1 output gains
Africa-focused E&P firm Panoro has assets in Equatorial Guinea, Gabon, Tunisia, and South Africa. Eric D’Argentré has managed operations in Cameroon, the UK, Colombia, Ecuador, Turkey and Gabon.
Xi and Putin to join BRICS emergency talks on US trade measures
Brazil's President Lula rallies leaders from emerging economies for a virtual meeting to find a coordinated response to aggressive US trade measures.
Iranian officials to discuss nuclear file in Cairo
Iran's Foreign Minister may visit Egypt as Tehran expands regional diplomatic engagement to strengthen partnerships and discuss international developments amid nuclear talks.
Ethiopia set to inaugurate $4bn mega-dam as Egypt, Sudan renew strong objections
Ethiopia is preparing for a true "watershed moment", with plans to officially inaugurate its $4bn Grand Ethiopian Renaissance Dam (GERD) on September 9, just ahead of the start of the Ethiopian New Year and the end of the rainy season.
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Ghana’s cocoa board COCOBOD pays $166mn coupon in first payout since debt swap
The coupon payments mark the first settlement since COCOBOD converted short-term cocoa bills into longer-term bonds under the government’s Domestic Debt Exchange Programme (DDEP).
Nigeria targets 32% rise in daily gas output by 2030, minister says
Nigeria aims to produce 10bn standard cubic feet of gas per day (BSCFD) by 2030, Finance Minister Wale Edun confirmed during a meeting with Nigeria LNG (NLNG) executives in Abuja to discuss related investment, reform and supply challenges.
DR Congo declares new Ebola outbreak in Kasai Province near Angola border
WHO deployed rapid response teams and 2,000 vaccine doses after the DRC declared its 16th Ebola outbreak. Angola is monitoring cross-border risk.
Xi pitches an equitable “multipolar” world order leveraging Global South “mega-markets power” at SCO summit
Chinese President Xi Jinping and Russian President Vladimir Putin called on Global South leaders to leverage their "mega-scale market" and strive for a new equalitarian multipolar world order at the SCO summit in China.
Egypt’s Petromaint wins $121mn Iraqi oilfield maintenance deal, eyes operations in Algeria
Petromaint, a unit of Egypt’s Ministry of Petroleum, has secured a $121mn contract to provide full maintenance services at Iraq’s Zubair oilfield, and is mulling establishing a specialised maintenance and construction services plant in Algeria.
BRICS leaders gather in China to coordinate anti-Trump alliance
The EU’s 27 foreign ministers will debate seizing Russia’s frozen $200bn at an informal gathering in Copenhagen, as the leading BRICS nations gathered in Beijing to form a common strategy to deal with US trade aggression on August 30.
Nigerian billionaire Dangote to build $2.5bn fertiliser complex in Ethiopia with 60/40 state partnership
Dangote Group says it will invest $2.5bn to construct a fertiliser complex in Gode, Somali Regional State, through a 60/40 joint venture with Ethiopian Investment Holdings (EIH).