First Independent Mena Newspaper
The OCP Group has inaugurated in Kaduna, Northern Nigeria, a state-of-the-art fertilizer blending plant, its first on the continent. Extending over 10 hectares, this facility houses a blending unit with a production capacity of 120 tons per hour; a 25,000-ton storage unit; a modern training center dedicated to the various partners; a laboratory equipped with […]
Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the West African country. The currency of the world’s second-biggest cocoa producer depreciated as much as 3.3%, which took its losses this year to more than 45%, the most among 148 […]
The heavy flooding in Nigeria, which has covered farms and roads and slowed shipments of food and fuel, has now displaced more than 1 million people from their homes, with the death toll already surpassing 600. The country’s authorities are struggling to free up the gridlock, as a jump in prices is already making life […]
Ethiopian Airlines, Africa’s largest air carrier by fleet size, is reviving Nigeria’s bid for a national flag carrier, as it seeks to build its regional network and add to its portfolio of stakes in airlines across the continent. After many failed attempts to launch a profitable airline, Nigeria’s federal government has enlisted Ethiopian Airlines to […]
Cameroon and Nigeria have requested to join the Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI), a joint body spearheading the interests of the two countries in the Cocoa trade — if both countries are admitted, the initiative will represent about two-thirds of global Cocoa production. The initiative was set up after a 2018 declaration by Ivory Coast […]
A new liquefied natural gas project near Senegal and Mauritania’s coastlines may only be 80% complete, but the prospect of a new energy supplier has already drawn visits from several European leaders, scrambling to secure alternative sources after Moscow has reduced natural gas flows to EU countries. While Africa’s natural gas reserves are vast and […]
At least 1.4 million people have been displaced and 500 killed in Nigeria in the worst flooding in a decade, which has affected nearly all of Nigeria’s states with 90,000 homes having been partially or completely destroyed, according to Nigerian officials. The Permanent Secretary of Nigeria’s Ministry of Humanitarian Affairs and Disaster Management, Nasir Sani-Gwarzo, […]
With many Africans using cryptocurrencies for everyday transactions rather than speculation, cryptocurrency market across Africa grew by over 1200% between 2020 and 2021, and its usage remains high in 2022 despite the ongoing difficult bear market. 2022 has been a very difficult year for digital asset and cryptocurrency markets when the value of many major […]
The death toll from a boat accident, which occurred when the vessel carrying passengers capsized in Nigeria’s southeastern state of Anambra last Friday has risen to 76, with dozens reported missing. Officials said the locally made boat was carrying 85 people who were on their way to a local market when it developed an engine […]
Afreximbank has approved $200 million toward financing of a contested oil pipeline to export Uganda’s crude, while a report released by two environmental NGOs has warned of potentially “unacceptable” damage caused by a controversial project involving French oil giant TotalEnergies and China’s National Offshore Oil Corporation (CNOOC). The Nigeria-based bank was also willing to finance […]