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Africa - Page 2

Rwanda Expands Fuel Imports Through Mombasa under Kenya Deal

September 30, 2026

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

Africa·Business News·Top Stories

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

September 30, 2026

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

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

Africa·Business News·Top Stories

Ghana Faces Reserve Squeeze as GoldBod Halts Gold Exports

Ghana’s central bank will prioritise rebuilding foreign exchange reserves as slower gold shipments, a pause in GoldBod exports and a weakening current account put pressure on the country’s external position, The Governor of Bank of Ghana, Dr Johnson Asiama said on Wednesday.

September 23, 2026

Africa·Business News·News

Kenya Extends VAT Refund wait for Bad Debts to Three Years

Kenyan businesses will have to wait three years before applying for a value-added tax refund on qualifying unpaid debts, up from two years, under changes introduced by the Finance Act 2026, the Kenya Revenue Authority (KRA) said. The revised rule applies

September 23, 2026

Africa·News·Politics·Top Stories

South Sudan President Signs Election Law Ahead of December Vote

South Sudan President Salva Kiir has signed amendments to the country’s election law, removing requirements that national elections be preceded by completion of a permanent constitution and a national census. Kiir signed the National Elections Act, 2012, Amendment Bill, 2026, on Monday,

September 22, 2026

Africa·News·Oil & Gas·Top Stories

DR Congo Turns to Nigeria for Oil and Gas Local Content Lessons

A delegation from the Democratic Republic of Congo has begun a study tour of Nigeria’s oil and gas local content framework, with engagements planned with the Nigerian Content Development and Monitoring Board (NCDMB) and other industry institutions, Prime Business Africa reports.

September 22, 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

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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 - Page 2

Rwanda Expands Fuel Imports Through Mombasa under Kenya Deal

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

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

Ghana Faces Reserve Squeeze as GoldBod Halts Gold Exports

Kenya Extends VAT Refund wait for Bad Debts to Three Years

South Sudan President Signs Election Law Ahead of December Vote

DR Congo Turns to Nigeria for Oil and Gas Local Content Lessons

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Rwanda Expands Fuel Imports Through Mombasa under Kenya Deal

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Rwanda Expands Fuel Imports Through Mombasa under Kenya Deal

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