Quick Links
Namibia has announced the allocation of 330 megawatts (MW) of solar photovoltaic (PV) capacity under its 2024 energy strategy. This announcement was made by the Ministry of Mines and Energy and aims to reduce the country’s dependence on imported electricity and leverage its abundant solar resources for sustainable growth. The capacity will be shared between state-owned NamPower and independent power…
Global prices of oil took a major slump today, indicating an anxiety over demand growth prospects in 2025. Brent crude price slid by 41 cents, or 0.56%, to $72.47 per barrel. Similarly, U.S. West Texas Intermediate (WTI) crude futures fell by 39 cents, or 0.56%, settling at $68.99 per barrel.These slump continues a week-long trend of reduced oil prices, triggered…
Mercuria Energy Group has entered a strategic joint venture with Zambia’s Industrial Development Corporation (IDC) to establish a metals trading unit. This partnership underscores a growing trend of commodity houses collaborating with resource-rich nations to secure access to critical materials. The Geneva-based Mercuria, a global energy and commodities powerhouse, aims to leverage its financial, technical, and commercial expertise to help…
The Central bank of Nigeria says diaspora remittances reached $4.22 billion between…
Nigeria is targeting a reduction in inflation from 34.6% to 15% by…
Ethiopia will allow foreign banks to enter the country’s financial market by…
South African digital bank Tyme Group has secured $250 million in a…
With the expansion of Angola Cables’ partnership with TelCables Nigeria, the digital…
Nigeria and other African nations are pushing for the establishment of a…
The Democratic Republic of Congo (DRC) has filed criminal complaints against Apple…
The African Development Bank, AFDB, says African countries will spend $74 billion…
With an abundance of sunlight and a growing need for sustainable energy…
