Ajay Banga, the recently appointed President of the World Bank, has revealed a groundbreaking set of measures aimed at ramping up lending to the world’s most impoverished nations. As part of the Bank’s strategic shift towards combating climate change and pandemics, Banga’s initiatives are poised to unlock substantial financial resources and foster sustainable development worldwide. […]

Lagos, Nigeria – In a historic development for Nigeria’s oil industry, Africa’s largest oil refinery was commissioned in Lagos today by outgoing President Muhammadu Buhari. The long-awaited project, spearheaded by Africa’s richest person, Aliko Dangote, is set to breathe new life into Nigeria’s struggling oil sector, which has faced challenges due to under-performing state-run refineries […]

With a population of nearly 20 million, Zambia is Africa’s largest copper producer. As the nation faces economic challenges, its leadership is determined to navigate the obstacles and steer LUSAKA – Zambia’s economic growth is expected to decelerate in 2023, with the nation’s GDP projected to grow by just 2.7%, down from the 4.7% growth […]

Accra – Ghana is eagerly anticipating the launch of its state-of-the-art oil refinery facility in Tema, which is scheduled to commence operations by the end of August. The project, spearheaded by the Sentuo Group, represents a significant investment of $1.98 billion and promises to revolutionize the country’s energy sector. The Sentuo Group’s refinery is expected […]

In a bold move to address Nigeria’s fiscal challenges, President Bola Tinubu recently made the decision to remove fuel subsidies, which has resulted in a significant decline in fuel consumption throughout the country. According to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to Reuters news agency, average daily petrol consumption […]