The West Africa Container Terminal (WACT), operated by APM Terminals Nigeria, has commenced the construction of a 713-metre flood drainage system in Onne Community, located in Eleme Local Government Area …
Economy
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DevelopmentEconomyEducationEnvironmentHealthcareInfrastructureNigeria
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DevelopmentEconomyEnergyEnvironmentHealthcareInfrastructureOil & Gas
Rainoil Gas Opens New LPG Plant in Ore, Ondo State to Boost Clean Cooking Access
Rainoil Gas Limited, one of Nigeria’s fast-growing players in the downstream energy sector, has expanded its footprint with the commissioning of a new Liquefied Petroleum Gas (LPG) plant in Ore, …
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BusinessDevelopmentEconomyEnergyGOVERNMENTInfrastructureINVESTMENTOil & Gas
Seplat Energy Boosts Production in Q1 2025, Hits 131,561 Barrels Daily, Reports $306.5m Operational Cash Flow
Seplat Energy has recorded a major leap in its hydrocarbon production, with average daily output reaching 131,561 barrels of oil equivalent per day (boepd) in the first quarter of 2025. …
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AfricaBusinessDevelopmentEconomyEntrepreneurshipInnovationTechnologyWestern Africa
Sahara Group Foundation Unveils ‘MADAA Reloaded’ to Empower African Entrepreneurs with Funding and Support
The Sahara Group Foundation has launched the ‘Making A Difference Around Africa’ (MADAA) Reloaded initiative, aiming to empower African entrepreneurs and innovators who utilize local resources to address societal challenges. …
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BusinessBusiness InsightsBusiness PoliciesEconomyEnergyGOVERNMENTInfrastructureNigeriaPoliciesWestern Africa
Gencos Urge President Tinubu to Fast-Track Meeting on N4.7tn Power Sector Debt
Electricity generation companies (Gencos) in Nigeria are calling on President Bola Ahmed Tinubu to urgently fix a date for the long-awaited meeting over the rising debt crisis in the power …
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AfricaAFRICA NEWSBusinessBusiness InsightsDevelopmentEconomyEnergyEnvironmentGOVERNMENTInfrastructureNigeria
Axxela Retains EcoVadis Gold Medal for 2025, Reinforces Leadership in Sustainable Business
Axxela Limited, a leading player in the gas and power sector across sub-Saharan Africa, has once again secured the prestigious Gold Medal in the 2025 EcoVadis Sustainability Rating. The company …
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AfricaAFRICA NEWSArts & CultureBusinessBusiness InsightsEconomyEntertainmentFinance & ServicesINVESTMENTTechnology
Afreximbank Launches $1 Billion Africa Film Fund to Boost Creative Industry Across the Continent
The African Export-Import Bank (Afreximbank), through its impact investment subsidiary—the Fund for Export Development in Africa (FEDA)—has officially launched a $1 billion Africa Film Fund aimed at transforming the continent’s …
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AFRICA NEWSEconomyEnergyEnvironmentEthiopiaFinance & ServicesKenya NewsMarketsPoliticsSecurityTANZANIAUGANDA
African Markets Update: Key Events and Economic Signals
African markets are navigating a busy day of economic indicators, political developments, and global trends on Thursday, May 8, 2025. From court decisions in Côte d’Ivoire to monetary policy announcements …
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EconomyEnergyFinance & ServicesGOVERNMENTInternational RelationsManufacturingMarketsSouth AfricaTrade and Commerce
Rand Slips Ahead of Manufacturing Data as Analysts Watch Power, Ports, and Global Signals
The South African rand lost a bit of ground in early trading on Thursday, May 8, as traders waited for the country’s latest manufacturing output figures. According to market data, …
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Business and EconomyEconomyEnergyFinance & ServicesGlobal NewsManufacturingMarketsSouth AfricaTrade and Commerce
South African Markets Watch: Key Events Shaping Trading on May 8
The South African financial market is facing several important developments that may affect investor decisions and overall market direction on Thursday, May 8, 2025. Economic data from home and abroad, …