Egypt’s exports exceed $5 billion for first time in 2024
The Egyptian Engineering Export Council (EECE) has announced a historic milestone by showing a 21.6% growth in engineering sector exports in the first 11 months of 2024. This growth reflects…
KPA begins multi-billion dollar port upgrade
The Kenya Ports Authority has announced plans for a major facility upgrade by 2025, which is expected to boost operations. KPA Director General announced the upgrade of the terminal operating…
Mauritania builds its first natural gas well
Mauritania has officially become a gas-producing nation, following the inauguration of the first natural gas well at the Grand Tortue Ahmeyim (GTA) field on December 31, 2024. This historic achievement…
Morocco identifies export opportunities worth MAD 12 Billion in Africa
Morocco has identified MAD 12 billion (USD 1.18 billion) in untapped export opportunities in African markets, as announced by Secretary of State for Foreign Trade Omar Hejira. Speaking at the…
MTN shuts down operations in Guinea
MTN Group has announced the completion of the sale of its operations in Guinea to the government of Guinea, signifying its final exit from the market.As stated by the Group,…
Nigeria to expand credit access with new company
The Nigerian government has announced plans to expand credit access for citizens with the creation of a National Credit Guarantee Company. President Bola Tinubu announced the plan in his New…
Egypt to finance budget deficit with new borrowing plan
The Egyptian government plans to borrow 1,983 EGP from the local economy in the first quarter of 2025 to pay off past debts and close the state budget deficit.According to…
New withholding tax policy begins in Nigeria
The Federal Government has begun implementing the Tax Reform Act 2024, marking efforts to improve Nigeria’s new tax system.The new reforms were approved by President Bola Tinubu in July 2024…
Ardova Plc Signs new purchase deal with Dangote Refinery
Ardova Plc, a major player in Nigeria’s downstream oil and gas industry, has signed a bulk purchase framework agreement with Dangote Refinery. Under the agreement, Ardova will offtake a full…
Nigeria to Enforce Net-Zero Compliance in Upstream Oil Sector
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced the Upstream Petroleum Decarbonisation Template (UPDT) to enforce net-zero compliance within the country’s oil and gas sector. This initiative aims to…
