First Independent Mena Newspaper
Senegal is planning the construction of second refinery, SAR 2.0, by 2029, to increase its annual refining capacity and put an end to its paradox: exporting crude and importing refined fuel although it joined Africa’s oil-producing nations in 2024. Actually, Senegal finds itself in a paradoxical position: exporting its crude to Europe while importing both […]
Africa’s trade with China has surged 25% in 2025, reaching $122 billion in just seven months — on track to exceed $200 billion for the first time, yet beneath the boom lies a widening trade imbalance and growing concern over Africa’s long-term economic autonomy, experts warn. While U.S.-Africa trade has declined, especially under President Donald […]
Egypt’s current account deficit narrowed significantly to $13.2 billion during the first nine months of the 2024/2025 fiscal year, down from $17.1 billion a year earlier, the Central Bank of Egypt announced on Tuesday, July 22. This improvement was driven primarily by an 86.6% surge in remittances from Egyptians abroad, reaching $26.4 billion, and a […]
Libya’s Minister of Oil and Gas, Khalifa Abdulsadiq, has reiterated the country’s openness to strategic partnerships, particularly with European partners, as part of efforts to establish a sustainable energy business model. In a meeting with the European Union Ambassador to Libya on July 21, Nicola Orlando, Abdulsadiq emphasised that the green transition is central to […]
French prosecutors have launched a judicial investigation into TotalEnergies, accusing the oil giant of involuntary manslaughter and failing to assist people in danger during a brutal jihadist attack in Mozambique’s Palma region in March 2021. The attack, carried out by Islamist militants linked to ISIS, left over 1,400 people dead or missing, including 55 subcontractors […]
The South Sudanese government and key oil companies have jointly announced the resumption of oil production and export at its Blocks 3 and 7 in the Upper Nile State with an initial output target of 90,000 barrels of crude oil per day. In a joint statement Tuesday (7 January), they said that normal operations have […]
First Nigerian oil has arrived at the Beninese oil terminal of Sémè Kraké using the Niger-Benin pipeline, with experts hailing the launch of this platform because it signifies Niger’s emergence as a key player in Africa’s oil sector. The recent inauguration of the oil export platform in the town on the border between Benin and […]
With Africa’s aging mid- and downstream oil products supply infrastructure, the countries on the continent must invest a combined $9.3 billion to expand fuel-transportation infrastructure to avoid supply disruptions as demand grows, according to a new report by energy company Puma Energy and Africa energy consultancy CITAC. The rapidly growing populations and urbanization trends, which […]
Senegal will conduct a comprehensive audit of the oil, gas and mining sectors, according to the newly elected President Bassirou Diomaye Faye, who, however, also thought to reassure jittery investors they were welcome in the country. The audit is one of the first policy moves announced by the 44-year-old former tax inspector who stated that […]
Only hours after being sworn in as Senegal’s president on Tuesday (2 April), Bassirou Diomaye Faye named popular opposition figure Ousmane Sonko as the nation’s prime minister. At 44, former tax inspector Bassirou Diomaye Faye is Senegal’s youngest president ever elected. During his campaign, he vowed to fight corruption, promised to renegotiate oil, gas and […]