The Ministry of Energy and Green Transition has officially announced the Declaration of Commerciality (DoC) for the Eban-Akoma oil and gas discoveries located in the Cape Three Points Block 4 (CTP-B4), marking a significant milestone in Ghana’s upstream petroleum industry. The Ministry of Energy and Green Transition declared the commercial viability of the Eban-Akoma oil…
Elon Musk officially announced the formation of his political party, the “America Party,” on July 5, 2025, with a post on his X account, following his ongoing feud with the American president, Donald Trump. Elon Musk officially announced the creation of the ‘America Party’ on July 5, 2025, via his social media platform. The announcement…
A newly released investigative report has raised growing concern over the unchecked spread of Starlink, Elon Musk’s satellite internet service, across parts of Africa, particularly its use by jihadist groups in conflict zones. Starlink’s portable and high-speed internet enhances insurgent groups’ operations, facilitating communication and coordination. Satellite terminals have been found in several conflict zones,…
Tensions between the United States and the BRICS bloc, particularly African countries aligned with it, are rising as President Donald Trump prepares to implement a new round of tariffs targeting several key member states. The United States has announced new tariffs targeting key BRICS nations, escalating global trade tensions. Affected nations, including African economies, are…
President Donald Trump warned that countries aligning themselves with what he called the “Anti-American policies” of the BRICS bloc would be hit with an additional 10% tariff, raising concerns for some African countries including South Africa and Egypt. Donald Trump announced a 10% tariff on nations aligning with anti-American policies of BRICS. BRICS, as an…
Amid rising energy demands and a global push for low-carbon solutions, Africa’s long-stalled nuclear power ambitions are gaining fresh momentum. Africa’s nuclear energy ambitions are regaining interest amidst rising energy demands and a global move towards low-carbon solutions. The IAEA pledged support for African nations to establish safe and sustainable nuclear power programs. Small Modular…
According to a recent report by the African Airlines Association, air travelers in Nigeria pay three times more in taxes than air passengers in other African countries. Nigerian air travelers face significantly higher taxes, averaging $180 per foreign departure compared to the African average of $68. Countries such as Gabon, Sierra Leone, and Nigeria have…
Cash-strapped Mozambique is considering approaching China, its largest bilateral creditor, to restructure $1.4 billion in debt, President Daniel Chapo has revealed. Mozambique considers seeking assistance from China to restructure $1.4 billion in debt amid fiscal challenges. Economic strains result from nationwide unrest and consecutive periods of economic contraction. Rising focus on debt sustainability pressures Mozambique…
Egypt is strategically leveraging debt swap agreements to alleviate its debt burden and unlock development financing, amid growing calls for global financial system reform. Egypt utilizes debt swap agreements to reduce financial strains and boost development financing. Notable deals include partnerships with Germany, Italy, and China, totaling over $900 million. Challenges like increased external debt…
