Kenyans in diaspora continue to play an important part in sustaining the country’s economy, with remittances reaching an all-time high of USD 5.08 billion (KSh 656.99 billion) in the year leading up to June 2025. Remittances in June 2025 alone increased by 13.8% compared to June 2024. The Kenyan Central Bank noted remittance growth as…
Africa’s richest man, Aliko Dangote, is moving ahead with plans to build a major seaport near his fertilizer and oil refinery plants. Aliko Dangote, Africa’s richest man, is planning to build Nigeria’s largest and deepest seaport in Olokola, Ogun State. This seaport aims to enhance Dangote’s logistics capabilities and complement his fertilizer and petrochemical operations.…
Cameroon’s President Paul Biya, the world’s oldest serving head of state at 92, has confirmed he will run for re-election in the country’s October 12 presidential election. Cameroon’s President Paul Biya, aged 92, confirmed his candidacy for the October 12 presidential election. Biya has been in power since 1982, ruling for over four decades, and…
The 47th session of the UNESCO World Cultural Committee, which is now taking place from July 6 to July 16, 2025, has already brought much pride to the African continent, with numerous African monuments joining the list of designated cultural sites. The 47th UNESCO World Cultural Committee session recognizes new African sites as UNESCO World…
Last week, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, noted that the group was looking to take a different approach to rehabilitating Nigeria’s refineries. The Nigerian National Petroleum Company (NNPC) is considering different approaches, including potential sales, for rehabilitating the country’s inefficient state-owned refineries. Prominent stakeholders, including…
Nigeria’s former President, Muhammadu Buhari, GCFR, has died at the age of 82 in a London clinic, marking the end of a defining era in Nigerian and African political history. His death was confirmed in a statement issued by his spokesperson, Garba Shehu, on Sunday afternoon. “The family of the former president has announced the…
Nigeria’s state-owned oil giant, the Nigerian National Petroleum Company Limited (NNPCL), has reaffirmed its commitment to supplying crude oil to the Dangote Refinery based strictly on commercial and market-driven terms. NNPCL stated a commitment to reducing governmental dominance in the private oil sector to encourage liberalization. Dangote Refinery, Africa’s largest single-train refinery, aims for 100%…
Uganda has reopened its border with the Democratic Republic of Congo (DRC), six months after closing key crossings due to advances by the M23 rebel group. The affected border points, Bunagana and Ishasha, are located in North Kivu province and were shut down following the group’s seizure of Goma. Uganda has reopened its borders with…
Azule Energy has confirmed a significant offshore gas discovery off Angola’s coast, following the successful drilling of the Gajajeira-01 well, the country’s first exploration well dedicated solely to gas. The well, located in the Lower Congo Basin, reveals over one trillion cubic feet of gas reserves. This marks Angola’s first dedicated natural gas exploration success,…
