Burkina Faso and Russia have taken a major step to strengthen their strategic partnership by establishing a new joint intergovernmental commission. The announcement was made on July 30, 2025, in …
Energy
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AFRICA NEWSDiplomacyEconomyEnergyPublic Health
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EconomyEnergyExchange RatesGovernment PolicyNAMIBIATransportation
Namibia Keeps Fuel Prices Steady Despite Global Diesel Hike
The Ministry of Mines and Energy in Namibia has announced that fuel prices will remain unchanged for August 2025, despite a rise in international diesel prices. According to the government, …
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A committee of Kenya’s National Assembly has ordered a special audit into a controversial financial partnership between the National Oil Corporation of Kenya (NOCK) and Rubis Energy Kenya, raising serious …
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BusinessCorporate EarningsEconomyEnergyOil & Gas
Shell Records $8.4bn Profit Drop as Oil Prices Fall
British oil and gas company Shell Plc has reported a 23% fall in net profit for the first half of 2025, blaming the decline on weaker energy prices and global …
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DevelopmentEconomyEnergyGOVERNMENTOil & Gas
NUPRC Targets 810,000 Barrels Daily from Deep Offshore Oil Reserves
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to boost the country’s crude oil production, with a renewed focus on unlocking 810,000 barrels per day (bpd) from Nigeria’s …
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EnergyFinance & ServicesInternational Trade
ICE Hits Record Earnings as Energy Trading and IPOs Surge
The Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, has reported stronger-than-expected earnings for the second quarter of 2025, driven by increased trading activity during a volatile …
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CrimeEnergyGovernancePoliticsSecurityUrban Development
City Power Cracks Down on Illegal Connections
City Power in Johannesburg has started a serious operation to remove illegal electricity connections and disconnect people who do not pay their bills. This move, according to officials, is to …
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China-Africa RelationsDebt Management,EconomyFinance & ServicesInfrastructureOil & Gas
Angola Moves to Cut Oil-Backed Debt to China by 2025
Angola is making strong progress in reducing its oil-backed debt to China, with government officials saying the total could drop to between $7.5 billion and $8 billion by the end …
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DiplomacyEconomyEnergyGlobal NewsInternational TradePolitics
EU, US Seal $750bn Energy Deal Amid Russia-Ukraine War
The European Union (EU) has signed a major energy trade agreement with the United States, committing to buy $750 billion worth of hydrocarbons over the next three years. The agreement, …
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EnergyEnvironmentInnovationTechnologyTransportation & Logisitics
Caverton Naval Architect Wins Global Award for Electric Waterway
A young Nigerian naval architect, David Okafor, has made the country proud by winning a major international paper competition organised by the Society of Naval Architects and Marine Engineers (SNAME), …