Daily Archives: 4th August 2025

According to current statistics from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), marketers have recommenced large-scale imports of refined petroleum products, bypassing domestic refining possibilities, most notably the $20 billion Dangote Petroleum Refinery in Lekki. Marketers in Nigeria have resumed large-scale imports of refined petroleum products due to domestic refining limitations, including underutilization…

The African Export-Import Bank (Afreximbank) has announced the signing of a $1.35 billion financing facility for Dangote Industries Limited (DIL). Afreximbank has announced a $1.35 billion financing facility for Dangote Industries Limited as part of a $4 billion syndicated loan. The funds aim to refinance capital for the Dangote Petroleum Refinery and Petrochemicals Complex, the…

The United Nations World Food Programme (WFP) will shut half of its clinics in Nigeria’s conflict-hit northeast this month. The WFP will close half of its clinics in Nigeria’s northeast due to insufficient donor support. Over 300,000 children under two face losing access to lifesaving nutrition treatment. The WFP urgently appeals for $130 million in…

The Government of Ghana has announced a significant rise in the producer price of cocoa for the 2025/2026 season, increasing it from US$3,100 to US$5,040 per tonne, a 62.58% increase in dollar terms. The Government of Ghana announced a 62.58% increase in the producer price of cocoa for the 2025/2026 season, setting it at $5,040…

Namibia and Zambia are set to make cross-border travel between their countries easier by allowing citizens to use national identification cards instead of passports. Namibia and Zambia announced plans for cross-border travel using national ID cards instead of passports. The arrangement follows a similar agreement between Namibia and Botswana earlier this year. Zambia’s High Commissioner…

Mercedes-Benz is poised to deepen its manufacturing footprint in West Africa with plans to establish a truck assembly plant in Senegal, marking a significant milestone for the region’s automotive industry. Mercedes-Benz is establishing a truck assembly plant in Senegal to support West Africa’s automotive industry. The initiative is to assemble military vehicles initially and later…

Kenya has been hit with several issues, following the year-old Kenyan anti-bill protest that drastically altered public perception of the country’s current administration. Kenya is facing significant challenges due to the long-standing protests related to the anti-bill protest movement. Public trust in government institutions has drastically declined, as highlighted by German Ambassador Sebastian Groth. A…

The sudden disappearance of Spanish flags from the uninhabited islets of “El Bar” and “El Bahar” off Morocco’s Mediterranean coast has sparked fresh speculation over Spain’s long-standing claims to these tiny, yet symbolically significant, territories. Spanish flags have been removed from the disputed islets ‘El Bar’ and ‘El Bahar’ off Morocco’s Mediterranean coast. The islets…

At least 68 African migrants have died and 74 others remain missing after an overcrowded boat carrying illegal migrants capsized off the coast of Yemen, highlighting the extreme dangers of the Eastern Route, a perilous migration corridor connecting the Horn of Africa to the Gulf that is ranked as the fourth deadliest in the world.…