Eye On
Capital for Energy
UAE finance initiative aims to unlock Africa's clean energy potential
The initiative comes amid calls for the global tripling of renewable energy by 2030, while pushing to make finance more available, accessible and affordable, especially in Africa where an abundance of renewable energy potential remains largely untapped.
Gas for Energy
Côte d'Ivoire steps up efforts to secure more gas supplies
With offshore fields maturing and new gas turbines nearing commissioning, the west African country needs to find more gas to keep power stations working for the foreseeable future and secure electricity supply for end users.
Mining for Development
Gabon inaugurates historic gold refinery
This transformative facility supports Gabon's vision of local resource utilization, aiming to refine 100% of Gabon's gold and establish the country as a central African hub for gold refining.
Developing Mining
Canada based exploration company launches Nigeria lithium-focused subsidiary as it secures exploration tenure
The company is looking to develop its first large-scale lithium mine in the country.
Clean Transportation
Lagos launches first electric buses in Nigeria
Lagos State is expected to save some $2.6 billion in fuel and maintenance costs, as it transits from the current combustion mass transit system to an electric powered scheme.
Maritime
Nigeria targets maritime economy with seaport projects
The development of seaports projects could strengthen Nigeria's position as a major hub and gateway within Africa’s growing maritime economy.
Congo Brazzaville
SNPC launches its programme "Performance 2025" during exceptional anniversary gala dinner
Congo’s national oil company SNPC organized a gala dinner in early May to celebrate its 25th anniversary and launch its ambitious "Performance 2025" program.
Boosting Investments
Development partners break ground on new special economic zone in Sierra Leone
ARISE IIP will invest $120m in the development of the SIZ – Koya (Sierra Leone Industrial Zone) as part of a public-private partnership between with the Republic of Sierra Leone.
Carbon Credits
New Joint Venture to support Nigeria's energy transition plan
The JV’s first investment will go into a household energy efficiency programme.
Our Top Pick
EGYPS 2023 set to drive the energy transition conversation and address the reshaping of global markets
With the global energy transition underway, the 6th edition of the Egypt Petroleum Show (EGYPS) returns to Cairo from 13-15 February 2023 at the Egypt International Exhibition Center to propel the dialogue on energy security and climate action through collaborative industry efforts.
Trade
Nigeria’s new Lekki port has doubled cargo capacity, but must not repeat previous failures
Lekki is one of Africa’s top six ports and was officially commissioned in January 2023. It is Nigeria’s first fully automated port, and its largest. It has more than doubled the capacity of Lagos’ ports, which had remained the same for 25 years.
New Kid on the Block
BUA Foods: Why Bet on Nigeria’s Newest FMCG Conglomerate
With BUA Foods, Rabiu is betting on Nigeria’s agriculture and fast-moving consumer goods (FMCG) market by consolidating its sugar, rice, flour, pasta and edible oils business into one single entity.
Oil & Gas
Eyes on the Prize: African exploration is back!
From Angola to Kenya, several key exploratory wells are currently being drilled across sub-Saharan Africa. New discoveries could open up brand new frontiers and transform the continent's energy landscape before 2030.
Oil prices
African oil producers have missed on over $29bn of gross oil revenue since January
Since the start of the year, Hawilti has been estimating the cost of under-investment in key producing markets such as Nigeria, Angola and the Republic of Congo.
Fighting Recession
Equatorial Guinea to remain world’s worst performing economy until at least 2026
Not only will Equatorial Guinea's economy be amongst the very few whose GDP does not recover from the Covid-19 pandemic, it will also be the only African economy with a negative GDP growth for the foreseeable future.
Sports
How Obama’s backing for NBA Africa venture could boost basketball on the continent
Former US president Barack Obama’s decision to invest in the National Basketball Association’s Africa venture reflects a lot about his past – his basketball playing youth and his African roots. It also signals that his future ambitions stretch beyond US borders.
Politics
Why Edgar Lungu and his party lost Zambia’s 2021 elections
Hakainde Hichilema’s election victory is the third time an opposition leader has unseated an incumbent president in Zambia since 1991. Hichilema promised to grow the economy to alleviate people’s suffering, restore the rule of law, end corruption and that, unlike his opponents, he was not contesting to secure a job.
Health
A plant grown in Nigeria shows potential for epilepsy treatment
Research into the Tetrapleura tetraptera, also known as aidan and uyayak, found that an extract of its fruit could protect against seizure and prevent brain degeneration. It could therefore be studied further for the development of a new antiepileptic drug.
