Nigeria on way to cut dependence on imported refined oil

Nigeria’s oil regulator (NUPRC) reached a deal with producers to ensure steady supply of crude to local oil refineries, a move that would help the country cut dependence on imported fuel. Africa’s richest oil country imports most of its refined oil needs partly due to oil majors demanding excessive premiums or saying they had no […]

Chinese tire manufacturer starts building major plant in Morocco

Shandong Yongsheng Rubber Group Co., Ltd., a leading Chinese tire manufacturer, has launched construction works of a major plant in Morocco, enhancing further the country’s growing automotive ecosystem. The Chinese group has earmarked $675 million investment for this new production site to be built over a 25 ha area in the Betoya Free Zone, Driouch […]

M23 Rebels capture strategic town in Eastern Congo

The M23 rebel group has seized control of Kalembe town in eastern Democratic Republic of Congo, marking a significant expansion of their territorial control after an eight-month standoff. The Tutsi-led insurgents captured the town from Congolese armed forces and government-allied Wazalendo fighters on Sunday, according to local official Kabaki Alimasi. While civilians were not directly […]