Italy’s Eni has discovered more than 1 trillion cubic feet of gas offshore Libya, strengthening Europe’s push to secure alternative energy supplies closer to home. Eni has discovered over 1 trillion cubic feet of gas offshore Libya. The fields can be quickly developed using existing infrastructure. Output will supply Libya and boost exports to Italy.…
The World Bank has approved $45 million in financing for Zambia to support its economic reform programme and strengthen resilience to climate shocks. The World Bank has approved $45 million to support Zambia’s economic reforms and climate resilience efforts. The funding signals renewed investor confidence following debt restructuring and IMF-backed reforms. Key focus areas include…
The Democratic Republic of Congo has approved the sale of copper and cobalt producer Chemaf to US-based Virtus Minerals, according to Bankable, in a deal that shows Washington’s growing push to secure critical minerals from Africa. Congo has approved the sale of Chemaf to US-based Virtus Minerals. The deal supports a broader US strategy to…
Namibia is rapidly emerging as one of Africa’s most active mineral exploration hubs, drawing a surge of investor interest as global demand for critical resources accelerates. Namibia is emerging as Africa’s top frontier for mineral exploration, attracting over 800 new licence applications. Regulatory reforms and digital platforms are speeding approvals and clearing backlogs. South Africa,…
Ethiopia has emerged as Africa’s second-largest destination for foreign direct investment (FDI), underscoring its growing appeal to global investors and the impact of recent economic reforms. Ethiopia has emerged as Africa’s second-largest FDI destination, attracting $18.6 billion over the past 5 years. Chinese companies dominate investment, accounting for the majority of projects across key sectors.…
Petrol imports in Nigeria during the last fiscal month declined significantly, as the Dangote Refinery stepped in to fill the energy gap. Nigeria’s petrol imports dropped sharply last month as the Dangote Refinery supplied most of the nation’s fuel demand. In February, local fuel supply accounted for 92% of total demand, reducing daily imports to…
Africa is emerging as a critical supplier of liquefied natural gas (LNG) to Europe, as the continent seeks to capitalise on shifting global energy dynamics driven by instability in the Middle East and ongoing uncertainty over Russian gas supplies. Africa is positioning itself as a key LNG supplier to Europe amid intensifying energy security concerns.…
Senegal has become the 26th nation globally – and the 21st in Africa to sign onto a $12.6 billion U.S.-backed health initiative aimed at strengthening healthcare systems and expanding access to critical medical services Senegal has joined a $12.6 billion U.S.-backed global health initiative, becoming the 26th country and 21st in Africa to participate. The…
Africa’s agriculture sector has become a growing playground for startups trying to solve some of the continent’s most stubborn food and farming challenges. Over the past decade, entrepreneurs have launched companies that connect farmers directly to markets, digitise supply chains, provide financing to smallholders, and introduce climate-smart technologies to improve yields. Business Insider Africa presents…
