LUANDA, July 8 – The Angolan government plans to raise as much as 300 billion kwanzas ($320 million) through the sale of …
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LAGOS, July 7 – Nigeria’s UTM Offshore has secured a 15-year gas supply agreement for its proposed $3 billion floating liquefied natural …
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NAIROBI, July 7 – Africa’s richest man, Aliko Dangote, has confirmed that his proposed 700,000-barrel-per-day oil refinery will be built in Kenya, …
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LONDON, July 7 – African private credit may be approaching a new phase of institutional maturity after Africa-focused alternative asset manager TLG …
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LAGOS, July 7 – Africa’s biggest solar mini-grid operator WeLight has announced plans to invest $650 million to expand solar mini-grid infrastructure …
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JOHANNESBURG, July 7 – ADNOC Distribution, the retail arm of Abu Dhabi National Oil Company (ADNOC), has agreed to acquire Shell Plc’s …
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WINDHOEK, July 6 – Namibia’s Energy Minister has lifted a restriction preventing Nasan Energies from sourcing fuel from global commodities trader Vitol, …
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Banking & Finance
Nigerian Tycoon Tony Elumelu to Retire as UBA Chairman as Emmanuel Nnorom Takes Over in August 2026
LAGOS, July 6 – United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony O. Elumelu, will retire from …
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DAKAR, July 6 – Senegal’s Sangomar offshore oil field produced 17.9 million barrels during the first half of 2026, according to figures …
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Markets
Brent Crude Falls After OPEC+ Agrees August Output Increase Amid Recovery in Gulf Oil Exports
LONDON, July 6 – Oil prices fell on Monday after OPEC+ agreed to increase crude production targets for August and exports through …