Nigeria pins Africa’s industrial growth and energy access on gas development
Nigeria is advancing its abundant natural gas resources as a key driver of Africa’s industrial development and energy transition, amid […]
government
$120 billion spent annually to hydrocarbon imports in Africa.
Africa’s reliance on imported petroleum products is draining resources needed for local capacity building and industrial growth, Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has said, stressing that retaining energy value within the continent could be economically transformative
Africa’s largest gold producer proposes a levy reduction to ease the transition to higher gold royalty rates.
Ghana’s finance minister has proposed trimming a mining levy by two percentage points in an effort to secure industry support
IEA Opposes Proposed Changes to Mining Royalties
The Institute of Economic Affairs (IEA) has rejected the government’s proposed sliding-scale mineral royalty framework, describing it as a continuation
House Republicans Take Steps to Reopen U.S. Government
House Speaker Mike Johnson said he is confident the three-day partial U.S. government shutdown is coming to an end. He has secured enough support for a procedural vote to reopen most federal agencies, despite Democrats refusing to assist and some resistance within his own party. Negotiations continue on funding for the Department of Homeland Security, including new immigration enforcement measures.
GUTA Urges Bank of Ghana to Fast-Track Single-Digit Interest Rates
GUTA has urged the Bank of Ghana to fast-track measures to bring commercial lending rates to single digits, following the recent policy rate cut to 15.5 percent. The move, the association says, would lower borrowing costs, expand credit access for traders and SMEs, and support business growth amid improving economic conditions.
Crude Oil Revenues Fall to $198m in Second Half of 2025
Ghana’s crude oil receipts fell to about $198 million in the second half of 2025, reflecting fewer liftings and lower global oil prices, according to data from the Bank of Ghana.
Analyst Urges Disclosure of Loan Defaulters to Strengthen NPL Recovery Efforts
Financial analyst Nelson Cudjoe Kuagbedzi has called on banks to publicly disclose the names of loan defaulters, arguing that the measure would strengthen recovery efforts and improve discipline in the banking sector. While noting a decline in non-performing loans, he warned that repayment culture remains weak and urged regulators to support stronger deterrence mechanisms to protect financial stability.
Oil Markets Pause as Traders Weigh Supply Outlook and US-Iran Developments
Russia’s Deputy Prime Minister, Alexander Novak, said on Tuesday that the global oil market is currently well balanced, adding that
UK Pledges $400 Million to Help Ethiopia Expand GERD-Linked Power Grid
Gridworks, a UK government-supported investor, will fund and develop around $400 million in electricity transmission projects in Ethiopia as the