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Weekly Intelligence Briefing for Investors, Executives, and Decision-Makers Nairobi hosted the most consequential Africa-Europe diplomatic gathering in a decade this week, as 30 heads of state joined France’s Macron to push for a fundamental rethink of how global capital prices African risk. At the same time, Africa’s two largest listed telecom operators reported their strongest […]
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It begins before the sun rises. In Nairobi’s Eastleigh neighbourhood, in Lagos along the Apapa corridor, in Accra’s industrial quarter and in Mombasa’s port district, the queues appear in the dark — motorcycles, matatus, lorries, private cars — all waiting for fuel that may or may not arrive, and that, when it does, will cost […]
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Rising oil prices are widening economic divergence across Africa, increasing cost pressures for fuel-importing countries while strengthening fiscal balances in oil exporters such as Nigeria and Angola. Escalating tensions in the Middle East and renewed risks to shipping through the Strait of Hormuz, which carries nearly one-fifth of global crude supply, have tightened energy markets […]
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NIGERIA Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, stated that NNPC executed a contract with a private firm for the activation of a virtual gas pipeline network for power generation to optimize the nation’s vast gas resources. The project, which will be facilitated through the installation of mini-liquid natural […]
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While known as Africa’s oil and gas powerhouse — consistently a top oil and gas exporter, a longtime member of the Organization of the Petroleum Exporting Countries and a hub of oil and gas innovations and enterprise — Nigeria’s oil and gas-dependent economy took a tumble after the abrupt drop in oil and gas prices. […]
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