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News - Page 33

Africa·FEATURES·Finance & Economy·Oil & Gas

Dangote’s $16 Billion Kenya Refinery Faces Scrutiny over Undisclosed Government Commitments

October 1, 2026

The launch of Dangote’s planned $16 billion refinery in Kenya has intensified scrutiny over the terms of the project, with lawmakers demanding access to an agreement they say sets out Kenya’s commitments

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe

Africa·Business News·Top Stories

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

October 1, 2026

Kenya’s private sector faces higher costs and uncertainty from multiple taxes, regulatory hurdles and bribery, the World Bank said on Thursday, warning that the constraints are weighing on investment and business growth.

Business News·News·Top Stories

Businesses to Explore Sustainability Strategies at SPIN’s Inaugural Conference

Business executives, financial institutions and policymakers will gather in Lagos later this month for the inaugural Sustainability Conference 2026 organised by the Sustainability Professionals Institute of Nigeria (SPIN), as companies seek strategies to strengthen resilience and remain competitive amid economic and climate-related

August 5, 2026

News·Top Stories·World News

World’s Third Smallest Country Changes Name

The Pacific Island nation of Nauru has officially changed its name to the Republic of Naoero, President David Adeang has announced, in a move aimed at aligning the country’s international identity with its traditional language and heritage. The name change, confirmed in

August 5, 2026

News·Security·Top Stories

Tinubu Approves Up to 80% Military Pay Rise, Boosting Welfare for Junior Soldiers

President Bola Tinubu has approved a new salary structure for personnel of the Nigerian Armed Forces, granting pay increases of between 30 and 80 per cent in one of the most significant reviews of military remuneration in recent years, Prime Business Africa

August 4, 2026

Africa·News·Top Stories·Transport

Air Peace Expands African Network with Lagos-Douala-Libreville Route Launch

Air Peace has expanded its regional footprint with the launch of a new Lagos-Douala-Libreville route, strengthening air connectivity between Nigeria, Cameroon and Gabon as the airline intensifies efforts to deepen intra-African travel, Prime Business Africa reports. The inaugural flight, which commenced on

August 4, 2026

News·Top Stories

NCDMB Opens Essay Competition to Harness Student Ideas for Nigeria’s Local Manufacturing Growth

The Nigerian Content Development and Monitoring Board (NCDMB) has opened entries for the 10th edition of its National Undergraduate Essay Competition, seeking innovative ideas from students on how to strengthen Nigeria’s manufacturing capacity and advance sustainable local content development, Prime Business Africa

August 4, 2026

News·Top Stories

FOSAD Backs Catholic Bishops, Urges Tinubu to Heed Economic Concerns

The Forum of South-East Academic Doctors (FOSAD) on Tuesday backed the Catholic Bishops’ Conference of Nigeria (CBCN) over its criticism of the country’s worsening economic conditions, urging President Bola Tinubu to heed the clerics’ concerns and adopt measures to ease hardship across

August 4, 2026

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Business News·News·Oil & Gas·Top Stories

HPCL Taps Nigerian Crude Grades for Rajasthan Refinery as India Diversifies Oil Supply

India’s state-owned Hindustan Petroleum Corporation Limited (HPCL) has purchased two million barrels of Nigerian crude oil through a tender for its 180,000-barrel-per-day refinery in Rajasthan, according to trade sources. The cargo comprises Nigeria’s Okwuibome and Utapate crude grades, which were supplied by

August 4, 2026

Africa·Finance & Economy·News·Top Stories

Ruto Unveils Kenya’s 2060 Growth Blueprint, Targets Asian-Style Economic Transformation

Kenyan President William Ruto has renewed his call for accelerated economic transformation, saying Kenya can transition from a lower-middle-income to an upper-middle-income economy by adopting the development strategies that propelled South Korea and China into global economic powerhouse, Prime Business Africa reports.

August 4, 2026

Kenya's Top Lawyers Sue Tanzania At East African Court Over Border Rights Violations

Africa·News

Tanzania Launches Vision 2050 Implementation Framework, Puts Private Sector at Centre of Development Drive

President Samia Suluhu Hassan has launched the implementation framework for Tanzania’s Development Vision 2050, positioning the private sector as the principal driver of the country’s long-term strategy to build a high-income, industrialised economy by mid-century, Prime Business Africa reports. Speaking at

August 4, 2026

News·Top Stories

SPIN Warns Against Narrowing Sustainability to Corporate Reporting

The Sustainability Professionals Institute of Nigeria (SPIN) has urged the Financial Reporting Council of Nigeria (FRC) to focus on regulating corporate sustainability reporting, warning against positioning itself as the authority on sustainability practice or competing with the professionals it regulates, Prime Business

August 3, 2026

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India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

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

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

On Thursday, the official foreign exchange (FX) rate for the

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News - Page 33

Dangote’s $16 Billion Kenya Refinery Faces Scrutiny over Undisclosed Government Commitments

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

Businesses to Explore Sustainability Strategies at SPIN’s Inaugural Conference

World’s Third Smallest Country Changes Name

Tinubu Approves Up to 80% Military Pay Rise, Boosting Welfare for Junior Soldiers

Air Peace Expands African Network with Lagos-Douala-Libreville Route Launch

NCDMB Opens Essay Competition to Harness Student Ideas for Nigeria’s Local Manufacturing Growth

FOSAD Backs Catholic Bishops, Urges Tinubu to Heed Economic Concerns

HPCL Taps Nigerian Crude Grades for Rajasthan Refinery as India Diversifies Oil Supply

Ruto Unveils Kenya’s 2060 Growth Blueprint, Targets Asian-Style Economic Transformation

Tanzania Launches Vision 2050 Implementation Framework, Puts Private Sector at Centre of Development Drive

SPIN Warns Against Narrowing Sustainability to Corporate Reporting

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Dangote’s $16 Billion Kenya Refinery Faces Scrutiny over Undisclosed Government Commitments

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

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

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

Community Leaders, Scholars Applaud Egbin Power’s Scholarship Programme … Describe Initiative as Impactful

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