Africa's richest man and President of the Dangote Group, Aliko Dangote, has signalled plans to partner with Kenya and Uganda to construct a major oil refinery in Tanzania. This is modelled after his flagship 650,000 barrels-per-day facility in Nigeria.
Dangote, who participated in the conference alongside other regional presidents, including Kenya's president, William Ruto, and Uganda's president,
Read more »President William Ruto has attributed Kenya's status as a middle-income country and its high infrastructure demand as the primary reasons for the country's higher fuel costs compared to its neighbors. Addressing concerns over rising prices, the President said fuel levies are essential for maintaining Kenya's existing network of over 20,000 kilometers of roads, with an additional 6,000 kilometers currently under
Read more »President William Ruto has vowed a firm crackdown on oil cartels in the petroleum sector as investigations intensify into an alleged artificial fuel shortage that has rocked Kenya's energy industry and triggered the arrest and resignation of top officials.
The authorities investigated allegations that senior officials manipulated fuel stock data to create a false supply crisis. Kenya's petroleum
Read more »Government officials have said the move carries significant economic and geopolitical weight.
The milestone follows the arrival of the Turkish research vessel, Cagri Bey, in Somali waters to begin operations. The drilling is the result of a 2024 bilateral agreement between Somalia and Turkey, establishing a framework for cooperation in the oil and gas sectors.
Foreign Affairs Minister Ali Omar said a successful campaign could bolster the nation's prospects for
Read more »The ongoing conflict in the Middle East is driving European and Asian buyers toward African oil-producing nations, which offer lower insurance premiums and more predictable delivery schedules compared to other high-risk zones. Industry experts have said Africa's energy leaders - including Nigeria, Libya, Angola, Gabon, Mozambique, Namibia, and Tanzania - are increasingly viewed as lower-risk alternatives to Middle
Read more »African nations are bracing for a surge in fuel and food prices as disruptions in the Strait of Hormuz, fueled by ongoing conflict in the Middle East, continue to worsen. The Africa Supply Chain Confederation (ASCON) warns that the blocked waterway carries far more weight for the continent than many realize.
"This is not just an oil story," said ASCON President Ronald Mlalazi. Citing the International
Read more »Ethiopian Foreign Minister Gedion Timothewos has touted the strategic importance of Ethiopia's nuclear cooperation agreement with Russia in advancing the nation's long-term energy goals. During a meeting with a senior official from Rosatom - Russia's State Atomic Energy Corporation - Timothewos highlighted the significant progress achieved since the two countries
Read more »South Africa has been disinvited from the upcoming G7 summit in France.
The French government has denied initial reports that the US government asked for South Africa to be excluded, and South Africa's President Cyril Ramaphosa said there had been no such pressure. South Africa had been invited as an observer and is not a member of the G7. France said it had
Read more »The government has signed a package of agreements to accelerate the production and processing of strategic minerals within the country. The deal, signed with U.S.-owned Panda Hill Tanzania Limited, will facilitate the mining of niobium - a strategic metal essential for strengthening steel and producing high-performance alloys for infrastructure and advanced manufacturing.
Minister for Minerals Anthony Mavunde has
Read more »President Ismail Omar Guelleh has presided over the groundbreaking ceremony for Salaam City, the largest residential development in the country's history. Valued at nearly half a billion dollars, the project is set to feature thousands of residential units and significantly reshape the landscape of the capital.
"Djibouti's development should be measured not only by the scale of its ambitions but by
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