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News - Page 34

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.

Africa·News·Top Stories

Nigeria Showcases Military Diplomacy at Benin’s 66th Independence Anniversary

The Nigerian Army delivered a standout performance at the Republic of Benin’s 66th Independence Anniversary celebration in Cotonou, underscoring Nigeria’s commitment to military diplomacy and deepening bilateral and regional cooperation, Prime Business Africa reports. The event, held at the iconic Amazone,

August 3, 2026

Business News·Events & Opportunities·News·Top Stories

Delta Summit: Leaders Seek Investment Surge, Diversification Beyond Oil

Nigeria’s push to diversify its economy beyond oil took centre stage at the Delta State Economic and Investment Summit, where government leaders, investors and development experts called for greater domestic investment, stronger infrastructure and policies aimed at unlocking new growth opportunities, Prime

August 3, 2026

Africa·News·Top Stories·Transport

Air Peace Launches Lagos–Conakry–Bamako Route to Boost West African Connectivity

Air Peace has expanded its West African network with the launch of direct flights on the Lagos–Conakry–Bamako route, a move expected to strengthen regional connectivity, boost trade and tourism, and improve travel across the sub-region, Prime Business Africa reports. The inaugural flight

August 3, 2026

SERAP Sues 36 State Govs, Demands Transparency On N72bn Palliative Spending

News·Top Stories

SERAP Demands Probe Into Alleged ₦6.79bn Police Funds Mismanagement, Missing Firearms

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to order an investigation into alleged financial irregularities involving more than ₦6.79 billion within the Nigeria Police Force and the Federal Ministry of Police Affairs, Prime Business Africa reports. The

August 3, 2026

Africa·Business News·News·Top Stories

Safaricom Slashes M-PESA Fees: A Lifeline for Kenya’s Mama Mbogas and a Blueprint for Africa’s Cashless Future

From August, selling a loaf of bread or a bundle of sukuma wiki just got cheaper. Safaricom has announced major cuts to M-PESA merchant charges, a move set to put more money directly into the pockets of Kenya’s 7+ million small businesses

August 3, 2026

Africa·News

How Equatorial Guinea, Gabon Ended Five-Decade Island Dispute Through ICJ Ruling

Gabon and Equatorial Guinea have formally ended a territorial dispute that strained relations between the two Central African neighbours for more than five decades by signing an agreement to implement a binding ruling of the International Court of Justice (ICJ), which awarded

August 3, 2026

Africa·Business News·News·Top Stories

Zimbabwe’s Tobacco Sales Reach Record High Despite Global Market Pressures

Zimbabwe’s tobacco industry has recorded its highest-ever marketing season by volume, underscoring the sector’s resilience despite weak global demand and declining international prices, Prime Business Africa reports. The Tobacco Industry and Marketing Board (TIMB) said farmers had sold more than 356.2 million

August 2, 2026

News·Top Stories

‘Catholic Priests Are Not Like Your ‘Fake Bishops” – Atiku Condemns Presidency’s Attack on Onaiyekan

Presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has criticised the Presidency’s response to Archbishop Emeritus of Abuja, Cardinal John Onaiyekan, accusing the administration of President Bola Tinubu of becoming increasingly intolerant of dissent and uncomfortable with criticism. In

August 2, 2026

Business News·News·Oil & Gas·Top Stories

NCDMB, BOI Launch $100m Equity Fund to Boost Indigenous Oil and Gas Firms

The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) have launched a $100 million Nigerian Content Equity Fund (NCEF) to provide a new financing pathway for indigenous oil and gas companies and deepen local participation in the

August 2, 2026

Africa·News

Why Oprah Winfrey Is Closing Her South Africa Girls’ Academy After Two Decades

Oprah Winfrey’s decision to close the Oprah Winfrey Leadership Academy for Girls (OWLAG) in South Africa after the 2027 academic year is part of a broader plan to expand her education initiative beyond a single boarding school. Rather than continuing to operate

August 2, 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 34

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

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

Nigeria Showcases Military Diplomacy at Benin’s 66th Independence Anniversary

Delta Summit: Leaders Seek Investment Surge, Diversification Beyond Oil

Air Peace Launches Lagos–Conakry–Bamako Route to Boost West African Connectivity

SERAP Demands Probe Into Alleged ₦6.79bn Police Funds Mismanagement, Missing Firearms

Safaricom Slashes M-PESA Fees: A Lifeline for Kenya’s Mama Mbogas and a Blueprint for Africa’s Cashless Future

How Equatorial Guinea, Gabon Ended Five-Decade Island Dispute Through ICJ Ruling

Zimbabwe’s Tobacco Sales Reach Record High Despite Global Market Pressures

‘Catholic Priests Are Not Like Your ‘Fake Bishops” – Atiku Condemns Presidency’s Attack on Onaiyekan

NCDMB, BOI Launch $100m Equity Fund to Boost Indigenous Oil and Gas Firms

Why Oprah Winfrey Is Closing Her South Africa Girls’ Academy After Two Decades

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‘Naija Spirit’ Heads to Birnin Kebbi After UNILAG Outing

ICPC Petitioned Over Alleged N50bn Contract, N1.9bn Shortfall in Presidential Amnesty Programme

Lithium: Will Nigeria Repeat the Oil Curse?

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

An Open Letter to a DISTRESSED PRIEST

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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News - Page 34

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