Libya’s House of Representatives has criticised US Vice President JD Vance after he compared the risk of Iran’s collapse to Libya’s post-2011 instability, a period that disrupted the country’s oil-dependent economy and left it divided between rival political and armed factions. Libya’s House of Representatives criticized US Vice President JD Vance for comparing Iran policy…
The Nigerian billionaire Femi Otedola recently labelled Africa’s richest man, Aliko Dangote, as a “$200 billion man in the waiting,” just days after Dangote hinted at being worth over $38 billion. Femi Otedola called Aliko Dangote a “$200 billion man in the waiting” after hosting him in Monaco. Dangote’s wealth is expected to soar due…
The 650,000-barrel-per-day Dangote Refinery, according to recent data, imported an estimated 1.46 billion litres of intermediates and gasoline blendstock. The Dangote Refinery imported 1.46 billion litres of intermediates and gasoline blendstock between January and May. Despite increased crude oil access, the refinery continues to rely on imported intermediates to maintain and optimize gasoline output. Average…
Kenya is reviving a $1.2 billion expansion of Nairobi’s main airport, months after abandoning a controversial Adani-linked deal that had triggered public anger, legal scrutiny and political pressure. Kenya has appointed AFC and TDB to arrange financing for a $1.2 billion upgrade of Jomo Kenyatta International Airport. The project comes after Kenya cancelled a proposed…
Ireland has deported 42 South African nationals who were living illegally in the country, at an initial cost of €735,000 ($853,000), as South Africa faces renewed debate over migration, xenophobia and the presence of undocumented foreign nationals. Ireland deported 42 South African nationals living illegally in the country, at an initial cost of €735,000. Deportation…
Kenya’s plan to modernize its main international airport has evolved into one of the country’s most controversial infrastructure projects, drawing in Indian billionaire Gautam Adani, Zimbabwean businessman Wicknell Chivayo, Chinese contractors, labor unions, courts and senior government officials. Kenya’s plan to expand Nairobi’s Jomo Kenyatta International Airport has become a highly controversial project involving multiple…
Aliko Dangote, Africa’s richest man, has stated that his true worth may be substantially higher than the figures currently published by global wealth trackers, noting that some of his most valuable firms are privately held. Aliko Dangote claims his real net worth is much higher than global wealth trackers estimate, as many of his valuable…
Africa’s uranium industry is becoming a strategic front in the global race for nuclear fuel, as rising reactor demand, supply-security concerns and resource nationalism draw fresh attention to the continent’s reserves. Africa is becoming increasingly significant in the global uranium industry due to growing nuclear reactor demand and geopolitical interest in nuclear fuel supply. Namibia,…
The European Parliament has called on the European Commission to withdraw its proposed €156 million (about $179 million) funding package for Tanzania, escalating tensions between Brussels and Dar es Salaam over allegations of electoral fraud and human rights violations. The EU has urged the European Commission to withdraw €156 million in proposed funding for Tanzania.…
