Nigeria’s Dangote refinery enhances gas agreements with NNPC
In a major move aligning corporate expansion with national strategy, three subsidiaries of the Dangote Group have secured enhanced gas […]
Economy
Ghana forfeits $54bn to trade-related illicit flows over a decade
Ghana forfeited an estimated US$54.1 billion to trade-related illicit financial flows between 2013 and 2022, ranking third among Africa’s most affected countries, according to a Global Financial Integrity report. The findings highlight widespread trade misinvoicing, particularly in key export sectors such as gold, cocoa and oil, and warn that without urgent reforms, the losses will continue to undermine the country’s development and economic sovereignty.
Nigeria Petrol price shock: Marketers say they can’t raise money to buy products
Oil marketers are lamenting that the recent increase in the price of petrol is negatively affecting their businesses as they
Zimbabwe Set to Launch Africa’s First Lithium Sulphate Plant, Transforming Mineral Revenue Potential
Zimbabwe is advancing its position as Africa’s top lithium producer with the launch of a lithium sulphate plant, shifting from raw ore exports to high-value refined production. The move, supported by major Chinese investors, is expected to boost industrialization, strengthen the country’s role in clean energy supply chains, and capture greater economic value from its mineral resources.
Gold and Silver Prices Fall Sharply Following Friday’s Decline
Gold and silver prices plunged further after a recent rally pushed both metals to record highs. Spot gold fell over 9% to $4,403 an ounce, while silver dropped 15% below $72. Analysts say the sell-off was triggered by Kevin Warsh’s nomination as US Federal Reserve chair, alongside profit-taking after weeks of parabolic gains.
Fuel prices to rise as cedi weakens, crude prices climb
Fuel prices are poised for a possible rise with industry projections pointing to increases across petrol, diesel, and LPG in
Ghana leads call for $100bn annual adaptation finance
Ghana has urged African leaders to rally behind a bold push for $100 billion in annual climate adaptation and mitigation
Zenith Bank Names Charles Boakye Nimako as New Board Chairman
Zenith Bank (Ghana) Ltd has announced the appointment of Charles Boakye Nimako as its new Board Chairman. He succeeds Mrs Freda Yahan Duplan, who has led the Board since 2020, marking a new phase in the Bank’s leadership and governance.
Africa’s Largest Dam Positions Ethiopia as a Regional Powerhouse, Boosting Capacity to 9.6GW
Ethiopia’s Grand Ethiopian Renaissance Dam is reshaping the country’s energy and regional influence, boosting installed power capacity to 9.6 gigawatts and positioning Ethiopia as an emerging electricity hub in the Horn of Africa. Once mired in controversy, the project is now being framed by officials as a catalyst for industrial growth, regional power trade and long-term economic stability.
Naira faces tougher U.S Dollar Era under potential Fed Chair Kevin Warsh
The Nigerian naira faces a new threat from Kevin Warsh, President Trump’s nominee for chair of the US Federal Reserve.