Ethiopia Inks Historic $29 Trillion ‘Gas-by-Rail’ Deal to Power Africa
ADDIS ABABA — Ethiopia has signed a landmark agreement to launch a $29 trillion “Gas-by-Rail” initiative, aiming to fundamentally reshape the continent’s…
/ Category
Economy
AU to Launch African-Owned Credit Rating Agency to Cut Borrowing Costs
The African Union (AU) announced on August 30 that it will officially launch a pan-African credit rating agency in Mauritius on October…
Nigeria’s NPFL Secures Landmark $7.5m Sponsorship Deal
The Nigeria Premier Football League has ended a decade-long title sponsorship drought by signing a $7.5 million agreement with Poland-based investment group…
Nigerian Billionaires Lose $2.3bn in One Day as Stocks Hit Six-Week Low
Four of Nigeria’s wealthiest businessmen lost a combined $2.25 billion in estimated net worth on Wednesday as the Nigerian Exchange witnessed its…
U.S. Lifts Decade-Old Security Restrictions on Nigerian Ports
ABUJA – The United States has lifted security restrictions imposed in 2014 on vessels calling at certain Nigerian ports, following a determination…
Nigeria Considers Crude Supply Reforms for Dangote and Refiners
Nigeria is considering structural changes to its crude allocation and pricing framework to improve feedstock access for domestic processors, including the 650,000…
Zimbabwe Caps Gold-Buying Support at $300 Million for 2026
Harare, Zimbabwe – Zimbabwe announced it will cap government support for gold purchases at $300 million for the remainder of 2026, a…
African Markets Surge as Dangote Announces Record IPO
African markets are on fire this week, with the continent’s stock exchanges surpassing $2 trillion in combined market value. Nigeria’s NGX has…
Dangote Refinery Sets Sights on Africa’s Largest-Ever IPO
LAGOS – Dangote Petroleum Refinery has formally filed for an initial public offering (IPO) that could raise up to $5 billion (approximately…
AfDB Backs Senegal with $35m Finance Upgrade
The African Development Bank (AfDB) has approved $35 million (20 billion CFA francs) in financing for Senegal to strengthen public finance management…
