The Bank of Ghana (BoG) has disbursed $20 million to ten Bulk Oil Distribution Companies (BDCs) as part of its latest foreign exchange (FX) forward auction, reinforcing the central bank’s efforts to stabilise the Ghanaian cedi and ensure consistent fuel availability. The Bank of Ghana has allocated $20 million to Bulk Oil Distribution Companies in…
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Chevron Corp. and TotalEnergies SE are among 37 global energy firms vying for exploration rights in Libya’s first energy tender as the North African nation seeks to restore its battered oil sector and attract foreign investment. Chevron Corp. and TotalEnergies SE are among 37 firms competing for Libya’s energy exploration rights. Libya seeks to rejuvenate…
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A helicopter belonging to the Ugandan military has crashed at the international airport in Mogadishu, Somalia’s capital. A Ugandan military helicopter crashed at Aden Adde International Airport in Mogadishu, Somalia. Emergency services quickly extinguished a fire that erupted after the crash. Ugandan forces are supporting Somalia in combating the al-Shabaab insurgency alongside African Union peacekeepers.…
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A nation’s decision to bolster its military strength has additional urgency and nuanced relevance in a world characterized by instability and violent conflicts. Business Insider Africa presents the top 10 fastest-growing military forces in 2025. This list is courtesy of GlobalFirePower. France ranks number 1 on the list. Growing military might is no longer only…
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After months of uncertainty, the U.S. government has officially dissolved the U.S. Agency for International Development (USAID), transferring all foreign aid programs to the State Department. The U.S. government has dissolved USAID, transferring its operations to the State Department starting July 1. This decision marks a significant shift in U.S. foreign aid strategy, especially impacting…
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The African Development Bank (AfDB) has approved a $474.6 million loan to South Africa to support critical upgrades to the country’s transport and energy infrastructure. The African Development Bank (AfDB) approved a $474.6 million loan to South Africa for infrastructure projects. This funding supports South Africa’s transport and energy sectors as part of its reconstruction…
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