Africa Energy Headlines International

Nigeria’s Dangote refinery begins operations, promising energy independence

Nigeria has achieved a historic milestone with the commencement of petrol production at the new $20 billion Dangote refinery near Lagos. Boasting a capacity of 650,000 barrels per day, it’s now Africa’s largest refinery and is poised to alleviate Nigeria’s persistent fuel shortages. The refinery aims to reduce Nigeria’s heavy reliance on imported oil products, […]

Africa Finance Headlines International

Ghana proposes $13 billion bond restructuring to address economic woes

Ghana has extended an invitation to holders of approximately $13 billion in international bonds to exchange their holdings for new instruments. This offer follows a preliminary restructuring agreement with two bondholder groups. The deadline for the offer is September 30, with an early deadline of September 20 offering a 1% consent fee for early participants. […]

Africa Energy Headlines International

Kenya suffers partial grid collapse

Most of Kenya was cut off from electricity on Friday following major grid failures, grid operator and the energy ministry said. The outage was blamed on two trips at a transmission line and on the Ethiopia-Kenya high voltage transmission line, Energy Minister Opiyo Wandayi said in a statement. “The loss of 488MW, accounting for 27.3% […]

Asia Europe Headlines International Morocco

Morocco’s Hammouchi takes part in 8th INTERPOL meeting of police chiefs of MENA Region

Director General of Morocco’s National Security and Territorial Surveillance, Abdellatif Hammouchi, took part in the 8th INTERPOL meeting of police chiefs of the Middle East and North Africa region, held at INTERPOL headquarters in Lyon September 3-4. This meeting allowed the Kingdom’s national security services to highlight their experience in combating new forms of crime […]

Africa Asia Business Emerging Markets Headlines International Morocco

Morocco reaffirms commitment to strengthening Chinese-African partnership

The Moroccan Government reaffirmed on Thursday in Beijing steadfast commitment to advancing and strengthening further partnership between African countries and China for shared prosperity and inclusive growth unleashing Africa’s full potentials. Addressing the China-Africa cooperation summit 2024 convening in Beijing (Sept.4-6), Morocco’s Prime Minister Aziz Akhannouch, who is representing King Mohammed VI at this event, […]

Africa Headlines International

Congo receives first Mpox vaccines amid ongoing health crisis

Congo has received its first shipment of mpox vaccines, with 100,000 doses arriving in the capital and another 100,000 expected shortly. The European Union donated the JYNNEOS vaccines, made by Bavarian Nordic. UNICEF will oversee the vaccination campaign in the most affected regions. However, the 380,000 doses promised by Western partners fall far short of […]

Business Egypt Emerging Markets Europe Headlines International

Turkey, Egypt to cooperate on natural gas, nuclear power

Turkish president Recep Tayyip Erdogan said his country looks forward to cooperating with Egypt on natural gas and nuclear power, following a visit to Ankara by Egyptian president Sissi during which trade cooperation deals were also signed. The two countries are willing to strengthen cooperation in the fields of trade, defense, health, energy, and the […]

Africa Emerging Markets Finance Headlines International

China’s billion-dollar promise: fueling Africa’s growth

China has unveiled an ambitious plan to strengthen its partnership with Africa, pledging $51 billion in fresh financing and promising to create at least one million jobs. President Xi Jinping announced this initiative at a major China-Africa cooperation summit in Beijing, attended by delegates from over 50 African nations. The comprehensive package includes support for […]

Africa Asia Headlines International

Mali gets Chinese military support, a hard blow to Algerian regime

Mali military rulers have sealed a military partnership with China amid heightened tension with the feckless neighboring Algerian regime, accused by Bamako of interfering in its domestic affairs and supporting terrorist groups threating its stability. Under an agreement signed in Beijing on the sidelines of the ongoing China-Africa cooperation forum, China will provide the West […]

Business Headlines International Libya

Libya seeks to restore flights with UK

The restoration of flights between Libya and the United Kingdom, particularly to cities with significant Libyan communities was discussed at a meeting between Head of Libya’s Civil Aviation Authority, Abdul Rahman bin Youssef, and British Ambassador to Libya, Martin Longden. The British diplomat agreed to liaise with relevant UK departments to support the Civil Aviation […]