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Oil and Gas

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Business

Tag: Africa

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Africa unveils groundbreaking HIV prevention shot with 99.9% efficacy

South Africa, Eswatini, and Zambia were scheduled to commence on Monday the administration of a groundbreaking new HIV-prevention injection. This marks the drug’s first public rollouts in Africa, the continent with the world’s highest HIV burden. The drug, named Lenacapavir, is administered only twice a year. It has been scientifically shown to reduce the risk […]

Aviation

African airlines lead global air cargo growth in October

African airlines recorded the strongest growth in air cargo demand globally in October 2025, with volumes rising 16.6 per cent year-on-year. Capacity on the continent also expanded by 20% compared to October 2024, which reflects a significant operational expansion designed to meet the rising demand. This data was sourced from the International Air Transport Association […]

EU to criminalize AI-generated porn images, deepfakes
Energy

EU, S’Africa secure €15.5bn for African renewable energy

A year-long international campaign to fast-track renewable energy investment across Africa has closed with commitments totalling €15.5bn, driven predominantly by the European Union. The initiative, jointly led by the President of the European Commission, Ursula von der Leyen, and the South African President, Cyril Ramaphosa, seeks to expand clean-energy generation, improve electricity access for millions […]

Opinion

S&P rejects bias in African sovereign credit ratings

S&P Global Ratings has rejected renewed allegations that it applies unfair or biased standards to African sovereign credit ratings. The firm insists that all countries are assessed using the same transparent and long-established criteria. S&P’s global head of sovereign ratings, Roberto Sifon-Arevalo, made this assertion in an interview on Thursday, as quoted by Bloomberg. He […]

Economy

NLC slams global powers over Africa’s debt, trade imbalance

The Nigeria Labour Congress has criticised major global economic powers, saying Africa remains weighed down by unsustainable sovereign debts, inequitable trade systems, and long-standing structural disadvantages. The position was expressed as labour unions across the continent marked the 2025 African Industrialisation Day, with the NLC calling for renewed commitment to self-reliance and industrial development. In […]

Food

‘Cassava remains central to Africa’s food security, development’

The Director-General of the Pan-African Organisation for Small and Medium Industries, Dr. Henry Emejuo, says cassava remains central to Africa’s food security and industrial development. As reported by the News Agency of Nigeria on Thursday, Emejuo, who spoke on the sidelines of the just-concluded three-day Africa Cassava Conference in Abuja, described the crop as both […]

Technology

Meta unveils world’s longest undersea cable across Africa

Meta, in collaboration with several prominent global and regional telecommunications companies, has officially activated the core 2Africa subsea cable system. This system is recognized as the world’s longest open-access subsea cable and is the first to establish a continuous loop connecting both East and West Africa. The 2Africa system spans three continents and 33 countries, […]

Special Economic Zones amass $66bn foreign investment - Report
Maritime

Blue economy key to lifting Africa from poverty — NPA boss

The Managing Director of the Nigerian Ports Authority and current President of the Port Management Association of West & Central Africa, Dr. Abubakar Dantsoho, has called upon maritime operators and regulators in the West and Central African sub-region to prioritize the Blue Economy to stimulate job creation and uplift African nations and their people. Speaking […]

Opinion

GDP growth in Africa not equall to decent lives — Osinbajo

Former Vice President Professor Yemi Osinbajo has called for a paradigm shift in Africa’s development strategy, urging governments and institutions to place social justice at the centre of economic growth. Osinbajo made the call at the Ford Foundation Office for West Africa high-level anniversary celebration titled “OWA@65: From Nation Building to Social Justice,” held in […]

Business

PHOTOS: AfCFTA okays Customs-Afreximbank initiative to boost African trade

The African Continental Free Trade Area has endorsed the Customs-Partnership for African Cooperation in Trade, an initiative spearheaded by the Nigeria Customs Service and Afreximbank to boost intra-African trade. The conference announcing the initiative will hold in Abuja from November 17 to 19. AfCFTA Secretary-General Wamkele Mene announced the official endorsement in Accra during a […]

Lagos has maintained it's position as the top recipient of Capital Influx in Nigeria during the fourth quarter of 2023 (Q4 2023).
Conferences

Lagos targets Africa’s model megacity with global safety summit

The Lagos State Government is set to host the Lagos State Occupational Safety and Health Conference on Tuesday, October 7, 2025, a high-level gathering aimed at repositioning safety as a central pillar of the state’s economic and social transformation. The landmark event, themed “Occupational Safety and Health (OSH) as a Catalyst for Nation Building,” is […]

Suspect arraigned for allegedly stealing N1.1bn from Moniepoint
Opinion

Africa’s financial future will be shaped locally — Moniepoint

Moniepoint Microfinance Bank believes that the future of Africa’s financial system will be shaped within the continent through homegrown innovation, effective regulation, and informed journalism. The bank’s Chief Executive, Babatunde Olofin, emphasized this at the 2025 annual conference of the Finance Correspondents Association of Nigeria, themed “Bracing for the Digital Economy in Nigeria: Taxation, Banking […]

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