South African President Cyril Ramaphosa is set to visit the United States next week for a working trip, where he will meet U.S. President Donald Trump on May 21. South African President Cyril Ramaphosa plans a working trip to the United States next week. He will meet President Donald Trump on May 21 to discuss…
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Ghana is urging investors to help boost oil production as the global push for decarbonization threatens to leave fossil fuel assets stranded. Ghana is encouraging increased oil production amidst global emphasis on decarbonization. President John Mahama highlighted the decline in oil output and the need for renewed investment during the Africa CEO Forum. Despite calls…
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While economic development in Sub-Saharan Africa is improving, it is still insufficient to significantly reduce poverty levels in the area. Economic growth in Sub-Saharan Africa is projected to reach 3.5% in 2025 and 4.3% during 2026-27. Per capita income growth in the region, anticipated to accelerate to 1.8% by 2027. Poverty levels measured at $2.15…
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A maintenance exercise at the Dangote Refinery, which lasted approximately 30 days and involved shutting down its 204,000 barrels-per-day gasoline unit, caused a significant rise in fuel imports across West Africa. The Dangote Refinery underwent a 30-day maintenance exercise, shutting down its gasoline production unit and reducing output by 100,000 barrels per day. The temporary…
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Petrobras, Brazil’s state-controlled oil company, is actively pursuing a return to Nigeria’s oil market, focusing on frontier deepwater exploration opportunities. Petrobras plans to re-enter Nigeria’s oil sector, focusing on deepwater exploration. This marks a reversal from its previous strategy of exiting Nigerian investments in 2020. Petrobras aims to acquire frontier deepwater acreage as part of…
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As African countries navigate the challenges of 2025, the need to keep fuel prices down has become more apparent. Business Insider Africa presents the top 10 African countries with the lowest fuel prices in May 2025. This list is courtesy of GlobalPetrolPrices. Libya ranks number 1 on the list. With global oil price instability and…
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