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In an exciting development for global economic collaboration, the President and CEO of Dangote Group, alongside several distinguished industry leaders, has been appointed to the World Bank's Private Sector Investment Lab. This initiative represents a significant effort to foster sustainable economic growth and job creation in emerging markets. In his response to the appointment, Nigerian billionaire Aliko Dangote expressed his profound respect for this new role. He regards it as an esteemed opportunity to…

In a commendable display of leadership and commitment, Angolan President João Lourenço has announced a voluntary contribution of $5 million to the Africa Centres for Disease Control and Prevention (Africa CDC). This decision is not merely a financial gesture; it represents a pivotal step towards strengthening regional health security and promoting sustainable health financing across the continent. This noteworthy announcement emerged from a high-level meeting held recently in Luanda, where President Lourenço engaged in…

In an encouraging turn of events, Nigeria has witnessed a remarkable 15.6 percent increase in its gas output month-on-month (MoM), reaching a substantial 227,931.65 million standard cubic feet (mscf) in March 2025. This surge not only highlights the nation's potential in natural gas production but also reflects the continued efforts towards enhancing the country's energy sector. When we step back to examine the year-on-year (YoY) data, the figures reveal a modest growth from the previous year, rising from 198,353.62 mscf in…

An Exciting Leap for Nigeria’s Oil and Gas Sector The recent commissioning of the Monarch Alloys Limited facility, which boasts cutting-edge 3LPE (three-layer polyethylene) and concrete weight coating capabilities, has captured the attention of industry leaders and stakeholders alike. Mr. Felix Ogbe, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), was quick to commend the leadership of Monarch Alloys Ltd for this significant achievement. It marks a pivotal moment in Nigeria’s…

Nestled along Zanzibar’s stunning coastline, Paje Square is not merely another real estate development; it’s a new standard for lifestyle and investment in the region. This ambitious project, developed by CPS Africa, features an array of fully furnished studios, as well as one and two-bedroom apartments, positioned just a stone's throw away from the tranquil waters of the Indian Ocean. Located strategically within Paje Village, on the southeast coast of the island, Paje Square is an impressive blend of…

Tanzania has recently enacted a sweeping ban on agricultural imports from South Africa and Malawi, marking a significant escalation in a regional trade dispute that poses a serious threat to the integrity of the Southern African Development Community (SADC) Free Trade Area. This decision reflects not just a national policy shift but a deeper tension brewing among the nations involved. On Wednesday, the ban was officially announced by Agriculture Minister Hussein Bashe. The directive targets all farm produce from both…

On Thursday, Chevron made headlines with its announcement indicating plans to potentially drill an exploration well in the Walvis Basin off the Namibian coast. This initiative could see operations commencing as early as 2026 or 2027. It’s a move that encapsulates the evolving dynamics of global energy exploration and the intriguing potential that Namibia holds. The announcement fits into a broader narrative. Chevron, a giant in the oil and gas sector, is keen on advancing its prospect portfolio in Namibia—an area that has…

An Historic Diplomatic Encounter: President Cyril Ramaphosa Hosts President Volodymyr Zelensky On Thursday, a significant moment in the realm of international relations unfolded when South African President Cyril Ramaphosa welcomed Ukrainian President Volodymyr Zelensky to the Union Buildings in Pretoria. This meeting, profound in both its symbolism and substance, serves as a clear indication of Ramaphosa’s ongoing diplomatic endeavors aimed at fostering a resolution to the turbulent conflict in Ukraine. After…

Seizing Clarity in Maritime Confusion: The Capture of Two Oil Tankers In a turn of events making waves in the Persian Gulf, two oil tankers, the Sea Ranger and Salama, were intercepted near the bustling port city of Bushehr. Initially linked to Tanzania, these vessels were alleged to be attempting to escape Iran's territorial waters. With the air thick with intrigue, one must wonder: what drives international vessels into such precarious situations? Despite the Tanzanian flag being an initial point of interest, the…

The International Monetary Fund (IMF) recently delivered a sobering message directed at the Federal Government of Nigeria, urging the nation to maintain a watchful eye amidst escalating global trade tensions and increasingly stringent financial conditions. The IMF’s caution arises from a significant concern: if global demand starts to falter, Nigeria could see a sharp decline in its earnings from commodity exports. This is particularly alarming for a country heavily reliant on such revenue streams. This stark warning was…