2+ day, 10+ hour ago   (519+ words) Somalia is turning to an unusual store of household wealth to widen access to finance, with MyBank, the nation’s sixth-biggest lender launching a service that allows women to use verified gold jewellery as collateral for financing. The lender estimates that…...

2+ day, 10+ hour ago   (659+ words) Chinese independent refiners have turned to Angola and the Republic of Congo for crude oil as the war involving Iran disrupts supplies from the Middle East and intensifies competition for alternatives. The refiners have purchased at least two cargoes of…...

2+ day, 16+ hour ago   (318+ words) Morocco’s imports of Argentine corn have increased 133% as North African buyers turn away from Ukrainian supplies disrupted by Russian attacks and transport problems. Argentina’s corn shipments to North Africa rose 45% year on year to 6.5 million tonnes during the first seven…...

2+ day, 14+ hour ago   (411+ words) French energy giant TotalEnergies has announced a new oil discovery in Angola and signed agreements to acquire a 40% operated interest in two additional exploration blocks as it expands its operations in the country. The company said the new Acacia-5 discovery…...

2+ day, 16+ hour ago   (338+ words) TotalEnergies and its partners plan to invest $10 billion in Angola over the next five years as the Southern African country struggles to maintain production from its ageing offshore oilfields. Patrick Pouyanné, TotalEnergies’ chairman and chief executive, announced the investment programme…...

2+ day, 17+ hour ago   (937+ words) Uber’s exit from Nigeria and Uganda has put a fresh spotlight on the difficult economics of Africa’s ride-hailing industry, but inDrive says the departures should not be read as a verdict on the continent’s mobility opportunity. Uber’s departure has also…...

2+ day, 23+ hour ago   (285+ words) India’s Lohum has shipped its first consignment of lithium ore from Zimbabwe, marking the start of its mining operations in the southern African country and making it the first Indian company to produce lithium from overseas assets. The move gives…...

3+ day, 6+ hour ago   (541+ words) The Port of Mombasa is emerging as an increasingly important maritime hub for global trade and security, with major US and UK naval vessels making port calls in Kenya within weeks of each other. The latest arrival was the USS…...

3+ day, 8+ hour ago   (471+ words) ExxonMobil has made the twentieth oil discovery in an offshore Angola block that has already produced more than 2.7 billion barrels over three decades. Angola’s National Oil, Gas and Biofuels Agency, known as ANPG, announced on September 9 that the Vicango Este…...

3+ day, 8+ hour ago   (276+ words) Africa’s biggest oil refinery has cut its debt by $570 million as it increased production and sales ahead of its planned initial public offering, which could become the continent’s largest share offering. Dangote Petroleum Refinery and Petrochemicals FZE had $5.67 billion in…...