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Africa - Page 5

Dangote Refinery IPO to Be Extended by 10 Days to Attract African Investors

October 12, 2026

The initial public offering (IPO) of Nigerian billionaire Aliko Dangote’s oil refinery will be extended by 10 days to allow investors from other African countries to participate, a company executive and an

Africa·Business News·Top Stories

AEW Opens in Cape Town as Africa Seeks Investment for Energy Projects

October 12, 2026

African Energy Week (AEW) 2026 opened in Cape Town on Monday, bringing together government officials, energy companies, investors and project developers to explore opportunities for financing and developing Africa’s energy resources.

Africa·Business News·Top Stories

Ghana Borrowing Costs Slide as Monetary Easing Drives Lending Rates to 15.9%

Ghana’s average bank lending rate fell to 15.94% in August from 24.15% a year earlier, extending a sharp decline in borrowing costs as easier monetary conditions increasingly filter through the banking system, Bank of Ghana data showed. The 8.21 percentage-point decline represents

September 28, 2026

Africa·News·Top Stories

Uganda Defence Chief Orders Ministers to Seek Clearance Before Foreign Travel

Uganda’s Chief of Defence Forces Gen. Muhoozi Kainerugaba said on Saturday that all ministers must notify him and obtain his clearance before travelling abroad, after questioning Hon. Haruna Kyeyune Kasolo, Minister of State for Foreign Affairs in charge of Regional Cooperation, over

September 26, 2026

Africa·Business News·Insights

Ruto Signals Deeper AFC Role in Kenya’s Lamu Refinery Push

Kenya has increased its shareholding in the Africa Finance Corporation (AFC) by $25 million (3.25 billion shillings), President William Ruto said on Saturday during a visit to the pan-African lender’s headquarters in Lagos, as Nairobi seeks financing for major infrastructure and industrial

September 26, 2026

Africa·Events & Opportunities·Insights·News·Top Stories

Moghalu Urges USIU-Africa Graduates to Embrace Lifelong Learning Amid AI Disruption

Former Central Bank of Nigeria Deputy Governor Kingsley Moghalu on Saturday urged university graduates in Kenya to embrace lifelong learning and continually update their skills as artificial intelligence and automation reshape the workplace, Prime Business Africa reports. Moghalu, speaking at the 48th

September 26, 2026

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Africa·Business News·Top Stories

TOR Secures 950,000 Barrels of Sankofa Crude to Sustain Operations

Tema Oil Refinery (TOR) has secured 950,000 barrels of locally produced crude from Ghana’s Sankofa-Gye Nyame field, providing fresh feedstock as the refinery works to sustain operations and increase fuel production for the domestic market, Prime Business Africa reports. The cargo, delivered

September 26, 2026

Africa·Business News·News

Gambia Orders Banks to Replace Non-Gambian Staff by Year-End

The Central Bank of The Gambia has directed commercial banks to phase out non-Gambian employees and replace them with suitably qualified Gambian nationals by Dec. 31, as the regulator tightens enforcement of rules governing expatriate employment in the banking sector. The

September 25, 2026

Africa·Business News·News·Top Stories

Dangote, Ethiopia and Djibouti Unveil $660m Fuel Pipeline Plan

Ethiopia, Djibouti and Nigerian industrialist Aliko Dangote plan to invest $660 million in a refined petroleum products pipeline connecting the two East African countries, seeking to lower fuel transportation costs and strengthen energy security. The 120-kilometre pipeline will run from Damerjog

September 25, 2026

Africa·Business News·News

Bank of Kigali Joins China Payment Network, Easing Rwanda Trade Settlement

Bank of Kigali has joined China’s Cross-Border Interbank Payment System (CIPS) as a direct participant, giving Rwandan businesses a more direct channel for renminbi (RMB) payments as trade with China expands. The move makes Bank of Kigali the first bank in Rwanda

September 24, 2026

Food, Health, Education, Others Excluded From Proposed VAT Increase – Oyedele

Africa·Finance & Economy·News

Oyedele Urges Global Financing Shift to Unlock Africa’s Infrastructure Investment

Nigeria’s Finance Minister Taiwo Oyedele on Wednesday urged the international community to make cheaper, long-term capital more available to African countries, saying high financing costs and currency risks were holding back investment in infrastructure and energy, Prime Business Africa reports. Oyedele

September 24, 2026

Africa·News·Top Stories

Kenya Destroys KSh8.2 Billion Meth Haul in Blow to illicit Trade

Kenyan authorities on Thursday destroyed a methamphetamine consignment valued at about KSh8.2 billion ($63.4 million), removing a high-value shipment from an illicit supply chain operating through the Indian Ocean, Prime Business Africa reports. The 1,036-kg consignment, seized nearly a year ago,

September 24, 2026

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UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

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Africa - Page 5

Dangote Refinery IPO to Be Extended by 10 Days to Attract African Investors

AEW Opens in Cape Town as Africa Seeks Investment for Energy Projects

Ghana Borrowing Costs Slide as Monetary Easing Drives Lending Rates to 15.9%

Uganda Defence Chief Orders Ministers to Seek Clearance Before Foreign Travel

Ruto Signals Deeper AFC Role in Kenya’s Lamu Refinery Push

Moghalu Urges USIU-Africa Graduates to Embrace Lifelong Learning Amid AI Disruption

TOR Secures 950,000 Barrels of Sankofa Crude to Sustain Operations

Gambia Orders Banks to Replace Non-Gambian Staff by Year-End

Dangote, Ethiopia and Djibouti Unveil $660m Fuel Pipeline Plan

Bank of Kigali Joins China Payment Network, Easing Rwanda Trade Settlement

Oyedele Urges Global Financing Shift to Unlock Africa’s Infrastructure Investment

Kenya Destroys KSh8.2 Billion Meth Haul in Blow to illicit Trade

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