PZ Cussons doubles down on Africa
UK consumer goods giant PZ Cussons has reversed plans to exit Africa, citing Nigeria’s economic stabilization and strong growth prospects across the continent. Following a strategic review, the company sold its 50% stake in PZ Wilmar, its edible oils joint venture, for $70 million. It opted, however, to retain its broader African operations. PZ Cussons emphasized […]
African Development Fund targets $25 billion
The African Development Fund is setting an ambitious $25 billion target for its upcoming three-year replenishment, aiming to supercharge growth across 37 low-income nations across the continent. Since 1972, the fund has disbursed over $45 billion through grants, concessional loans, and technical assistance, helping millions access electricity, water, agriculture support, and transport infrastructure. Somalia, for example, recently […]
Shell returns to Namibia
Shell is gearing up for a fresh drilling campaign in Namibia’s offshore PEL 39 block, scheduled to begin in April 2026, as it partners with QatarEnergy and Namcor to revive exploration efforts. The move follows Shell’s $400 million write-down earlier this year after deeming a previous discovery commercially unviable. Now, with a new contract awarded to Odfjell […]
