Efforts by the Federal Government to raise oil production above two million barrels per day have suffered another setback. Daily oil production fell again in May, dropping from 1.68 million …
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Energy
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MRS Oil Eyes N3.95bn Profit After Tax in Q3 2025
MRS Oil Nigeria Plc says it expects to make a net profit after tax of N3.95 billion in the third quarter of 2025. The company made this disclosure in its …
- EconomyEnergyEnvironmentFinance & ServicesInfrastructureTechnology
South Africa’s PIC Commits R656 Million to SA-H2 Fund
The Public Investment Corporation (PIC), which is South Africa’s state-owned asset manager, has committed a significant amount of money—R656 million—to the SA-H2 Fund. This fund is a blended finance project …
- Banking, Finance & InvestmentEconomyEnergyGOVERNMENTInfrastructureInternational RelationsOil & Gas
Uganda Eyes 7% Economic Growth in 2025 as Oil Production Begins
Uganda’s Finance Minister, Matia Kasaija, says the country’s economy is expected to grow by at least 7% in the fiscal year starting July 2025. This optimistic projection comes at a …
- AfricaBusinessEnergyINVESTMENTTechnology
Southern Palladium Raises R100m to Boost Bengwenyama Platinum Project
Shares in Australian junior mining company Southern Palladium experienced a significant increase of 33% on Thursday, following the announcement that the company had successfully raised approximately R100 million (A$8 million) …
- DevelopmentEnergyInfrastructureSouthern AfricaTrade and CommerceTransportation & LogisiticsZAMBIA
Zimbabwe and Zambia Sign MoU for Cross-Border Fuel Pipeline
HARARE, ZIMBABWE — Zimbabwe and Zambia have signed a landmark Memorandum of Understanding (MoU) to develop a new cross-border pipeline for the transportation of refined petroleum products, marking a key …
- BusinessDevelopmentEconomyEnergyInfrastructureINVESTMENTPoliciesTrade and Commerce
Zimbabwe to Ban Export of Lithium Concentrate by 2027
HARARE, ZIMBABWE – The government of Zimbabwe has announced that it will stop all exports of lithium concentrate starting January 2027. This is part of its broader plan to boost …
- EconomyEnergyFinance & ServicesInfrastructureKenyaSafaricomTelecommunications
Kenya Targets Safaricom and KPC to Fund Sh4.24 Trillion 2025/26 Budget
Kenya is gearing up to tap its biggest publicly listed companies, Safaricom and the government‑owned Kenya Pipeline Company (KPC), to fund its Sh4.24 trillion budget for the 2025/26 financial year, Finance …
- DevelopmentEnergyINVESTMENTNigeriaTrade and Commerce
Nigeria-Vietnam Chamber Partners Vietnamese Firm to Promote Renewable Energy Solutions
The Nigeria-Vietnam Chamber of Commerce and Industry (NVCCI) has announced a strategic collaboration with a Vietnamese Joint Stock Company focused on delivering sustainable renewable energy technologies, in a move aimed …
- EconomyELECTRICITYEnergyGOVERNMENTInfrastructureNigeriaOil & Gas
Gas Producers Urge FG to Clear N2.7tn Legacy Debt,
Gas-producing companies in Nigeria have renewed calls for the Federal Government to urgently address the N2.7 trillion legacy debt owed to them for gas supplied to electricity generation companies (GenCos). …