Yearly Archives: 2025

Nigeria’s oil regulator has approved a $510 million deal for TotalEnergies to divest its entire 12.5 per cent stake in Oil Mining Lease (OML) 118, home to the Bonga deepwater oilfield, to Shell and Agip. Nigeria’s oil regulator approved a $510 million deal for TotalEnergies to divest its stake in OML 118. Shell and Nigerian…

Russia has signed a wide-ranging cooperation agreement with Sudan to modernise the country’s transport system, including railways, ports, airports and civil aviation. Russia has entered a comprehensive agreement with Sudan to enhance the country’s transport infrastructure and civil aviation. The deal includes expansions in trade, financial collaboration, and training programmes for Sudan’s central bank. Sudan…

Niger plans to build two 2,000-megawatt nuclear reactors in partnership with Russia’s state-owned nuclear company. Niger announced plans to build two 2,000-megawatt nuclear reactors with Russia’s Rosatom. The initiative is part of Niger’s strategy to enhance power generation using its uranium reserves. The projects will comply with International Atomic Energy Agency (IAEA) oversight and regulations.…

Japan’s aid agency, the Japan International Cooperation Agency (JICA), has scrapped its ‘Africa Hometown’ initiative following widespread confusion and public concern over supposed migration benefits. Programme Aimed at Cultural and Educational Exchanges Launched in August during the 9th Tokyo International Conference on African Development, the programme was originally designed to foster cultural, educational, and social…

Oil production continues to be a reliable asset, contributing significantly to the GDP of many African countries and serving as a significant source of revenue. August has been no exception to the typical monthly fluctuations in this resource’s output. Oil production remains a key economic driver for many African nations, significantly contributing to GDP and…

Despite being home to some of the fastest-growing economies in the world, Africa still struggles with ports that rank among the least efficient globally. Business Insider Africa presents the 5 African countries with the biggest port improvements. The list is courtesy of the World Bank Group and S&P Global’s Container Port Performance Index. Despite advancements,…

Taiwan has suspended planned restrictions on semiconductor exports to South Africa, days after announcing the measure, in a move that highlights its hesitation over deploying its world-leading chip industry in diplomatic disputes. Taiwan suspended planned restrictions on semiconductor exports to South Africa after initial announcement. The decision stemmed from South Africa’s action to downgrade Taiwan’s…

Kenya’s President William Ruto said on Wednesday that his country expects to finalise a trade agreement with the United States by the end of the year. Kenya’s President William Ruto anticipates finalising a bilateral trade agreement with the U.S. by the year’s end. Ruto is advocating for a five-year extension of the African Growth and…

New data shows that in 2024, remittances from Africans working abroad exceeded export earnings in several countries, reshaping foreign income flows. The report identifies the top 10 African countries where diaspora remittances have become more vital than exports, underscoring their role in economic survival. African remittances in 2024 exceeded export earnings in several countries, highlighting…