Several towns in northern Botswana have been left without electricity following a supply disruption from Zambia’s power utility, ZESCO. The affected areas include Plateau, Kasane, Kazungula, and Lesoma, which rely …
Energy Security
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Business UpdatesEconomyEnergyInfrastructurePower & UtilitiesSouthern Africa
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BankingEconomyEnergyFinance & ServicesInfrastructureNigeriaOil & GasTrade and Commerce
Afreximbank Grants $1.35bn Loan to Dangote Industries to Boost Refinery Operations
The African Export-Import Bank (Afreximbank) has given a major financial boost to Dangote Industries Limited (DIL) by approving a $1.35 billion loan facility to support its massive refinery project. This …
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The General Petroleum Company (GPC) in Egypt has announced a new oil discovery in Abu Sannan area of the country’s Western Desert. The announcement was made in line with the …
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Business and EconomyEnergyEnvironmentInfrastructureMarketsOil & Gas
65% tank farms dormant due to fuel subsidy removal
The battle for dominance in Nigeria’s downstream oil sector has led to the closure of no fewer than 70 tank farms over the past two years, leaving many of these …
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DevelopmentEconomyEnergyPoliciesSecurity
CEDES Criticizes NNPCL’s Dollars-for-Crude Policy, Warns of Increased Fuel Import Dependency
The Centre for Energy Development and Economic Sustainability (CEDES) has expressed concerns over the Nigerian National Petroleum Company Limited’s (NNPCL) recent shift to a Dollars-for-Crude policy, describing it as a …