According to recent industry data quoted by S&P Global, the Dangote Oil Refinery’s rapid production is drastically altering fuel trade patterns throughout West Africa, causing a sharp decline in imported clean refined fuel. The Dangote Oil Refinery in Nigeria has rapidly increased production, significantly reducing West Africa’s need for imported refined petroleum products. West Africa’s…
Indian textile manufacturer Prestige Denim Mills plans to invest $20 million in a denim production facility in Egypt, adding to a wave of foreign textile projects in Africa’s second-largest economy. Prestige Denim Mills from India will invest $20 million in a denim production facility in Egypt’s West Qantara Industrial Zone, marking the first Indian investment…
Canada has joined the United States in blocking African participants from the 2026 FIFA World Cup after denying Ghana midfielder Thomas Partey a visa, a decision that has triggered a diplomatic protest from Accra and renewed concerns over cross-border travel during the tournament. Canada denied Ghanaian midfielder Thomas Partey a visa, preventing him from playing…
Australia has joined the United States and the United Kingdom in warning citizens travelling to South Africa about elevated security risks, citing violent crime, public unrest, and growing concerns linked to anti-immigration protests. Australia has joined the US and UK in warning about increased security risks for travellers to South Africa due to violent crime…
South Africa will begin charging foreign governments for the cost of deporting their nationals who violate immigration laws, in a policy shift signaling a tougher stance on undocumented migration and mirroring hardline approaches seen in the United States under President Donald Trump. South Africa plans to charge foreign governments for the costs associated with deporting…
Family Bank will begin trading on the Nairobi Securities Exchange (NSE) on June 23 after receiving approval from Kenya’s Capital Markets Authority (CMA), marking the culmination of a decades-long journey from a small building society into one of the country’s largest mid-tier lenders. Family Bank will begin trading on the Nairobi Securities Exchange on June…
Wesizwe Platinum has resumed trading on the Johannesburg Stock Exchange (JSE) after a year-long suspension, but the return to the market comes as the Chinese-backed miner pushes ahead with a restructuring plan that could affect nearly 500 workers and reshape the future of its flagship Bakubung mine. Wesizwe Platinum has resumed trading on the JSE…
Nigeria’s Senate has ordered the arrest of former state oil company chief Mele Kyari, who is said to be receiving medical treatment in Germany, after he repeatedly failed to appear before lawmakers investigating ₦210 trillion, about $154 billion, in disputed financial entries at the Nigerian National Petroleum Company. Nigeria’s Senate has ordered the arrest of…
Kenya has selected a Chinese construction giant to carry out a $2.9 billion expansion of its main international airport, two years after a previously proposed 30-year concession deal with billionaire Gautam Adani‘s company was cancelled. Kenya has chosen China Communications Construction Co. to carry out a $2.9 billion upgrade of Nairobi’s Jomo Kenyatta International Airport.…
