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News - Page 37

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

Ghana’s Supreme Court to Hear Case Seeking Ban on Dog and Cat Meat Trade

The Institute of Community Sustainability (ICS) has filed a case before the Supreme Court of Ghana seeking to halt the slaughter and consumption of dogs and cats, citing concerns over animal welfare, public health and the enforcement of existing legal provisions, Prime

July 30, 2026

Africa·News·Top Stories·Uncategorized

Kenya Investigates Mysterious Death of 15 Elephants Amid Suspected Toxic Exposure

Kenyan wildlife authorities have launched an investigation into the deaths of 15 elephants in the Amboseli ecosystem following a series of unexplained fatalities over a four-week period, with preliminary findings suggesting possible exposure to a toxic substance, Prime Business Africa reports.

July 30, 2026

Africa·Business News·News·Transport

Ethiopian Airlines Revenue Rises 20% to $9.1bn on Strong Passenger, Cargo Growth

Ethiopian Airlines posted a 20 per cent increase in revenue to $9.1 billion for the 2025/26 financial year, driven by robust growth in passenger traffic and cargo operations despite disruptions caused by regional conflicts and health emergencies. The state-owned carrier, Africa’s

July 30, 2026

Business News·News

CBN Hits Banks With N1.69bn In Fines As Consumer Complaints Hit 23,129 In 2025

The Central Bank of Nigeria has intensified its enforcement drive, imposing N1.69 billion in penalties on financial institutions in 2025 for compliance failures ranging from delayed complaint resolution to outright disregard for regulatory directives. The sanctions are contained in the CBN’s 2025

July 30, 2026

News·Top Stories·Transport

Air Peace Deepens Travel Trade Partnership, Launches New Regional Routes

Air Peace has reaffirmed its commitment to strengthening partnerships with travel agencies and expanding regional air connectivity ahead of the commencement of scheduled flights to Bamako, Conakry, Douala and Libreville on August 1, 2026, Prime Business Africa reports. The airline reiterated

July 29, 2026

Africa·Business News·News·Top Stories

Nigerian-Owned Caribbean Bank Sues Zambia Over $40m Investment Dispute

A Caribbean bank owned by Nigerian businessman and energy investor Michael Prest has instituted legal proceedings against the Zambian government, seeking $40 million (about ₦61.4 billion) in compensation over the liquidation of Investrust Bank Plc in a dispute that could shape investor

July 29, 2026

Africa·Business News·News·Top Stories

African Economic Leaders Meet in Abuja to Shape Response to Global Market Risks

Top policymakers, central bankers, business executives and development experts from across Africa have converged on Abuja for the 7th African Emerging Markets Forum, where they are seeking practical solutions to shield the continent’s economies from mounting global economic and geopolitical pressures. The

July 29, 2026

News·Opinion

Recapitalised Banks And Access To Credit

After a successful implementation of the banks recapitalisation policy by the Central Bank of Nigeria (CBN), which started in 2024 and ended in March 2026, it is expected that there will be greater access to credit to the real sector of the

July 29, 2026

News·Nigeria·Security·Top Stories

Army Appoints New GOCs, Reassigns Divisional Responsibilities

The Nigerian Army has announced a major restructuring of its command structure with the appointment of new General Officers Commanding (GOCs) and the reassignment of divisional responsibilities as part of efforts to strengthen operational effectiveness and improve responses to emerging security challenges

July 29, 2026

News·Politics·Top Stories

Atiku Accuses Tinubu Administration of Losing Control as Nigeria’s Borrowing Rises to ₦12.62 Trillion

Former Vice President and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has criticised the Federal Government’s rising borrowing profile, describing the reported increase in fresh borrowing to ₦12.62 trillion in 2024 as evidence that the administration of President Bola

July 29, 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 37

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

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

Ghana’s Supreme Court to Hear Case Seeking Ban on Dog and Cat Meat Trade

Kenya Investigates Mysterious Death of 15 Elephants Amid Suspected Toxic Exposure

Ethiopian Airlines Revenue Rises 20% to $9.1bn on Strong Passenger, Cargo Growth

CBN Hits Banks With N1.69bn In Fines As Consumer Complaints Hit 23,129 In 2025

Air Peace Deepens Travel Trade Partnership, Launches New Regional Routes

Nigerian-Owned Caribbean Bank Sues Zambia Over $40m Investment Dispute

African Economic Leaders Meet in Abuja to Shape Response to Global Market Risks

Recapitalised Banks And Access To Credit

Army Appoints New GOCs, Reassigns Divisional Responsibilities

Atiku Accuses Tinubu Administration of Losing Control as Nigeria’s Borrowing Rises to ₦12.62 Trillion

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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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