Kenya’s major oil products transporter, the Kenya Pipeline Company (KPC), has downplayed concerns that Uganda’s planned $4 billion oil refinery could undermine its regional business, insisting the project poses no …
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Rand gains despite US warning on possible flight halt to South African airport
South Africa’s rand appreciated against the United States dollar on Wednesday as investors largely looked past mixed domestic economic indicators, even as reports emerged of a warning from US authorities …
- South AfricaSouth Africa EconomySouthern Africa
IMF lifts S’Africa growth outlook to 1.3% on power stability, reform gains
The International Monetary Fund (IMF) has revised upward its economic growth forecast for South Africa, citing improved resilience, easing power constraints and a gradual recovery in business confidence. In its …
- South AfricaSouth Africa EconomySouthern Africa
S’Africa may targets 3% inflation by 2026 as SARB signals room for rate cuts
South Africa may achieve its revised 3 per cent inflation target by 2026, as price pressures remain largely contained, Governor of the South African Reserve Bank (SARB), Mr Lesetja Kganyago, …
- AfricaEconomy
CBN Auctions N1.15trn Treasury Bills as Liquidity, Rate Outlook Drive Investor Sentiment
The Central Bank of Nigeria (CBN) will today conduct its second Treasury Bills (T-bills) auction for January 2026, offering instruments worth N1.15 trillion amid elevated system liquidity and mixed expectations …
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UBA Foundation Humanitarian Drive Impacts Africa
The UBA Foundation, the corporate social responsibility arm of United Bank for Africa (UBA) Plc, has once again demonstrated its commitment to social impact by distributing essential materials and cash …
- Climate ActionCorporate GovernanceEnergy
Seplat Energy Drives ESG, Gas, and LPG Investments in Nigeria
Seplat Energy Plc has reaffirmed that oil and gas will remain a key part of Nigeria’s energy mix, while calling on operators to conduct their activities responsibly, efficiently, and sustainably. …
Access ARM Pensions has crossed a major milestone in Nigeria’s pension industry after its Assets Under Management (AUM) rose above ₦4 trillion, marking strong growth less than 14 months after …
- Business and EconomyEnergyInfrastructureOil & Gas
DAPPMAN Flags Job Risk as Fuel Supply Pattern Changes
Nigeria’s downstream petroleum sector is facing a major shift as members of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) raise concerns over persistently low activity levels across …
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
SAA, CemAir strike domestic codeshare deal
South African Airways (SAA) has entered into a domestic-only codeshare agreement with privately owned airline, CemAir, in a move aimed at improving air connectivity between major cities and regional destinations …