Gen Oligui Nguema imposes travel restrictions on members of transitional government and limits holiday leave to one week.
Speculation grows that Gen Nguema may run for president in next year's…
Exxon Mobil is selling its oil and gas assets to Seplat Energy in Nigeria for $1.3 billion.
The approval process by Nigerian regulators is anticipated to be completed within four months.
The sale…
Kenyan appeals court rules 2023 taxes unconstitutional, jeopardizing government revenue.
This decision comes after the government withdrew this year's finance bill following deadly protests.
The…
Nigeria lost 619.7 million barrels of oil valued at $46.16 billion over a 12-year period.
Nigeria lost $1.84 billion of petroleum products from its refineries over nine years
Between 2009 and…
Botswana is proposing a new law requiring mining companies to sell a 24% stake in their operations to locals.
Botswana is a leading diamond producer in Africa and second globally, after Russia.…
Business Insider Africa presents the top 10 diamond-producing countries in Africa.
The list is courtesy of Kimberley Process.
Botswana's diamond production from mines in 2023 was valued at 3.28…
Nigeria to host headquarters of $5 billion African Energy Bank in Abuja
Nigeria emerged as the preferred host nation over Ghana, Benin, Algeria, South Africa, and Côte d'Ivoire
The African Energy…
Fire breaks out at Dangote Refinery in Lagos
Dangote Group contains the 'minor fire incident' at its effluent treatment plant
The refinery, with a capacity of 650,000 barrels per day, started…
African Economic Outlook predicts stronger growth rates in 41 African countries in 2024 compared to 2023
Africa's growth potential described as 'remarkable', retaining the second fastest-growing…
Microsoft and G42 are collaborating to build a $1 billion geothermal-powered data center in Kenya
The first phase of the project will have a capacity of 100 megawatts and is expected to be…
Nigeria's headline consumer inflation reached a 28-year high of 33.69% year-on-year in April 2024
The headline inflation rate in April 2024 was 11.47 percentage points higher compared to April…
Aliko Dangote announced at the Africa CEO Forum Summit that Nigeria will no longer need to import gasoline starting next month
Dangote's refinery is expected to supply West Africa's gasoline,…
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