Libya, Africa’s largest holder of proven oil reserves, has secured a $20 billion investment from US and French energy giants in a landmark 25-year agreement aimed at reviving its oil sector and potentially positioning the country as Africa’s top oil producer. Libya has signed a 25-year landmark oil investment deal worth $20 billion with US…
Kenya’s East African Portland Cement (EAPC) is set for a transformative expansion after its majority shareholder committed $200 million (Sh25.8 billion) to modernise and scale up operations. Kenya’s East African Portland Cement (EAPC) plans a major expansion backed by a $200 million investment This funding aims to increase annual cement production from 1.3 million to…
Oranto Petroleum, founded by Nigerian multi-millionaire Arthur Eze, has challenged claims by the Senegalese government that it failed to meet obligations on the Cayar and St Louis offshore exploration licences, calling the narrative “unfair, unjustified and targeted.” Oranto Petroleum, a Nigerian oil and gas company, disputes Senegalese government claims regarding unmet obligations on offshore exploration…
Nigeria has awarded its first-ever floating solar power project to China Civil Engineering Construction Corporation (CCECC), marking a major step in the country’s renewable energy transition. Nigeria has launched its first floating solar power project, a 7-megawatt facility, through an award given to the China Civil Engineering Construction Corporation (CCECC). The solar installation will provide…
As the new year begins, African countries with limited exposure to International Monetary Fund (IMF) debt have a subtle but significant advantage. African countries with limited exposure to IMF debt hold a strategic advantage due to enhanced financial flexibility. Minimal IMF debt provides policy autonomy, enabling governments to address local economic challenges effectively. Low reliance…
A new artificial intelligence-driven health initiative backed by the Gates Foundation and OpenAI has triggered intense debate across Africa, underscoring long-standing trust issues that continue to shape public reactions to foreign-funded health interventions. The Gates Foundation and OpenAI have launched a $50 million AI-driven health partnership targeting African healthcare systems. Rwanda will serve as the…
White farmers in Zimbabwe have pinned their hopes on the United States’ president, Donald Trump, to help fast-track the compensation they were promised after a violent revolt in the 2000s led to the confiscation of their lands. White farmers in Zimbabwe, impacted by the violent land seizures in the 2000s, are seeking U.S. intervention to…
African airlines, particularly those based in South Africa, have emerged as one of the strongest performers for punctuality in the Middle East and Africa, according to Cirium’s 2025 On-Time Performance Report. Business Insider Africa presents the most punctual African airlines. Safair, a South African airline, achieved the highest on-time arrival rate in the Middle East…
U.S. President Donald Trump said he hopes to bring together the leaders of Egypt and Ethiopia to negotiate a resolution to the dispute over Ethiopia’s Grand Renaissance Dam, a project that Egypt and Sudan view as a serious threat to their vital water supplies. U.S. President Donald Trump suggested mediating the Nile Water Sharing dispute…
