Meta, the parent company of Facebook, has announced a significant update that will allow content creators…
Category: Africa
Oil Prices Surge Due to Libyan Supply Disruption and Middle East Tensions
Oil prices climbed on Wednesday, driven by a reduction in output from a major Libyan oil…
Maroc Telecom Invests $326.1 Million in Network Expansion During First Half of 2024
Maroc Telecom, a prominent telecommunications provider, operates in ten African markets beyond its home country of…
Equatorial Guinea and Trafigura in Talks for $2 Billion Financing for Oil and Gas Sector Development
Equatorial Guinea has recently engaged in discussions with Trafigura Group, exploring the possibility of securing a…
AMEA Power Breaks Ground on Pioneering Solar Project in Uganda
The 24 MWp Ituka solar photovoltaic (PV) project, developed by AMEA Power, is set to be…
Burkina Faso: Russian Rosatom Group Visits to Discuss Nuclear Energy Power Plant Project
A delegation from Rosatom, Russia’s state-owned nuclear energy corporation, began a four-day visit to Burkina Faso…
Glencore to Pay $152 Million to Settle Swiss Corruption Probe in DRC
In 2022, Glencore admitted its involvement in several corruption cases related to the awarding of oil…
EBRD and Proparco Support Renewable Energy Development in Tunisia
The European Bank for Reconstruction and Development (EBRD) and Proparco, the French development agency, have jointly…
Libya: Partial Production Suspension at Major Oil Field Due to Protests
The National Oil Corporation (NOC) in Libya announced on Tuesday a “partial” suspension of production at…
Jumia Narrows Losses to $19 Million Amidst Currency Challenges
Jumia, one of Africa’s leading e-commerce companies, has made significant strides in the second quarter of…
Mobius Motors, Affordable SUV Maker, Faces Liquidation
Mobius Motors, a Kenyan automaker known for its budget-friendly SUVs, has initiated voluntary liquidation after almost…
Angola: $1.4 Billion Loan from Afreximbank for Fertilizer Plant Construction
The joint venture Amufert is spearheading a project set to bolster industrialization, enhance food security, and…