Nigeria grants 45-year Lagos port concession to world’s top container shipping company in $1bn deal.
Swiss shipping giant MSC has entered into a 45-year concession deal with Nigerian maritime firm Nigerdock to construct, manage, and […]
African Markets
High oil prices may benefit West African crude exporters but not consumers, Argus analyst says
Rising global oil prices driven by tensions in the Middle East could boost revenues for crude exporters in West Africa,
Botswana, South Africa and DRC on standby as US rare earth stockpiles may last only two months.
The United States is facing a looming shortage of critical rare earth minerals, with its defence reserves reportedly lasting only
Nigeria: Dangote refinery supports oil distribution amid Iran war
Although it is an oil producing country, Nigeria is highly vulnerable to price fluctuations linked to the U.S.-Israel war on
Nigeria Encourages Gulf Oil Majors to Collaborate as Global Supply Concerns Rise
Nigeria’s foreign minister has called on major oil producers in the Persian Gulf to see the West African nation as
Egyptian Prime Minister Supports Government’s Fuel Price Increase
Mostafa Madbouly, Prime Minister of Egypt, said on Tuesday that the government was compelled to increase fuel prices to ensure
Tensions in the Middle East Halt 600‑Plus Ships Tied to Kenya, Raising Supply Issues
Escalating tensions in the Middle East have left more than 600 vessels linked to Kenya’s trade stuck along vital international
Fuel costs surge up to 30% in Egypt after price revision
On Tuesday, Egypt implemented fuel price hikes of up to 30 percent, attributing the increases to “exceptional” pressures on global
Burkina Faso’s 2025 Earnings from Gold and Precious Minerals Surge to $152M
Burkina Faso generated CFA85.72 billion ($152 million) from its Mining Development Fund (FMD) in 2025, underscoring the nation’s expanding role
Dangote Cement Reports 14% Annual Sales Drop in Cameroon
Dangote Cement’s operations in Cameroon experienced a 14.1% decline in sales in 2025, according to the company’s audited financial statements