According to Citi analysts, geopolitics will continue to provide support for oil prices in the immediate term, but they may later come under pressure if President Trump’s attempts to...
Global commodity trader Vitol is backing a consortium developing a planned $3 billion gas-fired power station and liquefied natural gas (LNG) import terminal at South Africa’s Durban port, according to...
The Cairo-based company raised $50 million in a pre-Series C round led by the UAE sovereign fund Mubadala Investment Company, Japan’s SBI Investment, and Saudi Arabia’s Olayan Financing Company....
Speaking at a steering committee meeting of the African Union Development Agency (NEPAD), Foreign Minister Badr Abdelatty presented the “Team Africa” initiative on behalf of President Abdel Fattah Al-Sisi. The plan...
That is the central finding of a new report by the Africa Finance Corporation, which estimates that Africa hosts over $5 trillion in gold at mine-site value, including more...
“I’m going to make a visit to Venezuela,” Trump told reporters Friday, while adding that the date had not been decided. The comments followed a visit to Caracas by...
U.S. officials told oil executives on Wednesday that Washington will not provide security guarantees for companies operating in Venezuela, even as the Trump administration encourages the industry to re-engage...
The foreign exchange market in Nigeria has been “totally sorted,” with businesses no longer plagued by the difficulties that once characterised access to dollars, Chairman of the United Bank...
Five years after becoming Africa’s first Covid-era debt defaulter, Zambia is seeing a dramatic turnaround in fortunes as major powers vie for access to its vast reserves of copper.Surging...
But beneath that dramatic rise lies a striking reality, after accounting for gold imports, Uganda’s net gain from the trade is only about $200 million. The contrast shows a...