The Dangote Petroleum Refinery has announced that its naira-for-crude oil agreement with the Nigerian government has enabled it to lower petrol prices, ultimately reducing costs at fuel stations for Nigerian consumers. Dangote Petroleum Refinery implemented a naira-for-crude oil agreement to reduce petrol prices in Nigeria. The initiative supports price stability and contributes to national economic…
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The Amir of Qatar, His Highness Sheikh Tamim bin Hamad al-Thani, met with the President of the Republic of Benin, Patrice Talon, at the Amiri Diwan in Doha to discuss strengthening cooperation between both countries. The Amir of Qatar and the President of Benin met in Doha to discuss bilateral cooperation. Key sectors for collaboration…
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Nigeria’s Monetary Policy Rate (MPR), the nation’s benchmark interest rate, has been kept at 27.5 percent by the Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC). The Central Bank of Nigeria maintained the Monetary Policy Rate at 27.5%. Governor Olayemi Cardoso highlighted unanimous support for the decision by the Monetary Policy Committee.…
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Indonesia, the world’s largest producer of palm oil, implemented a policy on May 17 to increase the export tax on crude palm oil (CPO) , aiming to finance biofuel initiatives and replanting activities within the country. Indonesia, the world’s largest producer of palm oil, raised its export tax on crude palm oil from 7.5% to…
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South Africa’s government is preparing to offer Elon Musk a special exemption from the country’s Black ownership requirements to allow his satellite internet service, Starlink, to operate within its borders. The South African government considers granting Elon Musk’s Starlink an exemption from Black ownership policies. An alternative ‘Equity Equivalent’ model is proposed, allowing investments in…
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Africa has officially launched its first continental space agency in a major step toward improving climate resilience, satellite infrastructure, and data-sharing across the region. Africa has launched its first continental space agency, the African Space Agency (AfSA), headquartered in Cairo, Egypt. AfSA aims to improve climate resilience, satellite infrastructure, and facilitate data-sharing across Africa. Global…
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