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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·Oil & Gas·Top Stories

Museveni says Uganda will Proceed with Refinery Despite Lamu Project

Uganda will proceed with plans to build a 60,000-barrel-per-day oil refinery despite the launch of a much larger $16 billion refinery project in neighbouring Kenya, President Yoweri Museveni said on Wednesday. Museveni made the comments at the groundbreaking of Nigerian billionaire

September 30, 2026

Africa·News·Top Stories

Zimbabwe Businessman Chivayo, Wife Killed in Helicopter Crash

Zimbabwean businessman Wicknell Chivayo and his wife, Lucy Muteke, were killed when a helicopter crashed in rural Marondera on Wednesday, the family confirmed, in an accident that killed all those aboard. Family spokesperson Herbert Chivayo confirmed the deaths to Zimbabwe’s state

September 30, 2026

Africa·Business News·Oil & Gas

Rwanda Expands Fuel Imports Through Mombasa under Kenya Deal

Rwanda has begun importing bulk refined petroleum products through Kenya’s Mombasa port under a new government-to-government arrangement aimed at diversifying its fuel supply routes and strengthening energy security, with the first 40,000-tonne cargo arriving this week. The shipment, carried by the

September 30, 2026

Africa·Business News·Top Stories

Ghana Wins $393 Million Tullow Tax Case, Weighs Impact on Oil Operations

Ghana has secured a ruling upholding a $393.1 million tax assessment against Tullow Ghana Limited, a decision that could affect the oil producer’s finances as the government seeks to collect the liability without disrupting operations in the country’s key Jubilee and TEN

September 30, 2026

Africa·Events·News·Top Stories

Uganda Backs Disputed Tooro Succession as Kijanangoma Takes Throne

Uganda’s government has backed the installation of Edward Rukidi Kijanangoma as the new king of the Tooro Kingdom, reinforcing a succession process challenged by the family of the late monarch, Prime Business Africa reports. Kijanangoma, 56, was crowned on Tuesday at Karuziika

September 30, 2026

I’m Ready To Lose Money To Give Nigerians Cheap Fuel – Dangote

Africa·Business News·Top Stories

Dangote Says Lamu Refinery will Withstand Legal Challenge

Nigerian billionaire Aliko Dangote said on Tuesday that a legal challenge over land earmarked for his proposed oil refinery in Kenya would not derail the project, describing such disputes as a normal part of doing business in Africa, Prime Business Africa reports.

September 29, 2026

Africa·Business News·Finance & Economy·Top Stories

South Africa Q2 FDI surges 145% Despite Economic Contraction

South Africa’s foreign direct investment (FDI) inflows surged 145% in the second quarter, providing a stronger source of external capital even as the economy contracted during the period, central bank data showed on Tuesday. FDI rose to 49.8 billion rand ($3.03

September 29, 2026

Africa·News·Security·Top Stories

Nigeria Seeks Probe into Deaths of Three Nationals in South Africa

Nigeria has called on South African authorities to investigate the deaths of three Nigerian nationals in separate incidents between Sept. 18 and 21, amid renewed concerns over the safety of Nigerians in the country, Prime Business Africa reports. The Nigerian Consulate General

September 29, 2026

Africa·News·Real Estate·Top Stories

Kenya Court Keeps Lamu Refinery Plans on Track Despite Land Challenge

A Kenyan court has declined to grant an interim order sought by 133 Lamu residents to stop preparations for the proposed Dangote refinery, leaving the planned groundbreaking on Wednesday while directing parties to preserve the existing position on the disputed land, Prime

September 29, 2026

Africa·Finance & Economy·News·Top Stories

Burkina Faso Inaugurates First National Gold Refinery as Traore Pushes Local Processing

Burkina Faso inaugurated its first national gold refinery on Monday, Sept. 28, taking a step toward processing more of its gold domestically instead of sending it abroad for refining, Prime Business Africa reports. President Ibrahim Traore inaugurated the Raffinerie Nationale d’Or du

September 28, 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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Africa

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

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

Museveni says Uganda will Proceed with Refinery Despite Lamu Project

Zimbabwe Businessman Chivayo, Wife Killed in Helicopter Crash

Rwanda Expands Fuel Imports Through Mombasa under Kenya Deal

Ghana Wins $393 Million Tullow Tax Case, Weighs Impact on Oil Operations

Uganda Backs Disputed Tooro Succession as Kijanangoma Takes Throne

Dangote Says Lamu Refinery will Withstand Legal Challenge

South Africa Q2 FDI surges 145% Despite Economic Contraction

Nigeria Seeks Probe into Deaths of Three Nationals in South Africa

Kenya Court Keeps Lamu Refinery Plans on Track Despite Land Challenge

Burkina Faso Inaugurates First National Gold Refinery as Traore Pushes Local Processing

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

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October 1 : Nigeria’s Vast Resources have Failed to Translate into Prosperity – Obi

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