South Africa has secured a fresh $474.6 million loan from the African Development Bank (AfDB) to support the country’s ongoing efforts to improve its struggling transport and energy infrastructure. The …
Energy
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusiness and EconomyEconomyEnergyInfrastructureSouth AfricaTransportation & Logisitics
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AfricaAFRICA NEWSEconomyEnergyInfrastructureSouth Africa
Eskom Warns of 21 Days Black-Out In South Africa
South Africa could be heading into a tough winter as Eskom warns that the country may face up to 21 days of Stage 2 load shedding if the current rate …
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AfricaAFRICA NEWSBusinessBusiness and EconomyEnergyInternational RelationsNatural ResourcesNewsTrade and CommerceZAMBIA
India Sends Geologists to Zambia to Hunt for Copper
India has sent a team of its geologists to Zambia to look for copper and cobalt as part of its bigger plan to secure minerals needed for its clean energy …
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AfricaAFRICA NEWSAgricultureDevelopmentEnergyEnvironmentInnovation
Ethiopian Fisherman Turns Lake Weed Into Cooking Gas and Farm Fertiliser
In Ethiopia’s Amhara region, a quiet revolution is taking place around the once-troubled Lake Tana. What used to be a source of frustration and loss for local fishermen has now …
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EconomyEnergyGOVERNMENTInfrastructureNigeriaOil & GasPolicies
NNPC Records 14% Profit Increase in May as Oil Production Improves
The Nigerian National Petroleum Company Limited (NNPC) has announced a strong 14 percent rise in its after-tax profit for the month of May 2025, reaching ₦1.054 trillion. This marks a …
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EconomyELECTRICITYEnergyGOVERNMENTNigeria
Silence from FG Worsens GenCos’ Frustration as N4.7tn Power Debt Remains Unpaid
Despite promises from the Ministry of Power that President Bola Ahmed Tinubu would meet with electricity generation companies over the N4.7 trillion debt owed to them, nearly two months have …
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BusinessEconomyEnergyEnvironmentINVESTMENTNigeriaOil & Gas
Shell Buys 12.5% Bonga Oil Stake From TotalEnergies in $510m Deal
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of global energy giant Shell, has acquired an additional 12.5 percent stake in Nigeria’s Bonga oil field from TotalEnergies, boosting …
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EconomyEnergyManufacturingPoliciesTrade and Commerce
Tinubu Push for End to Raw Exports as Nigeria Eyes Industrial Growth
Nigeria, Africa’s largest economy and most populous country, continues to export a large share of its mineral and agricultural resources in raw form despite having the potential to transform its …
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BusinessDangote IndustriesEconomyEnergyNewsNigeriaOil & GasPolicies
Petrol Marketers Expect Pump Price Drop as Crude Oil Prices Fall
Petroleum product marketers in Nigeria are expecting a possible drop in petrol pump prices this week, following a significant fall in international crude oil prices. This anticipated adjustment, according to …
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DevelopmentEastern AfricaEnergyGOVERNMENTInfrastructure
Kenya Successfully Tests Power Transmission from Ethiopia to Tanzania
Kenya has completed a major test of its ability to transmit 50 megawatts of electricity from Ethiopia to Tanzania through its national electricity grid. The successful trial is seen as …