Business

Dangote Group and Ethiopian Investment Holdings have launched a $160 million petroleum infrastructure project linking Damerjog in Djibouti with Dewele in Ethiopia, creating a new pipeline and storage network for refined petroleum products. The project was announced on Thursday during a groundbreaking ceremony […]

Nigerian billionaire Aliko Dangote’s planned $16bn oil refinery in the Kenyan port town of Lamu faces a second legal challenge after the Consumers Federation of Kenya (COFEK), a consumer-rights lobby group, petitioned for a review of the government’s proposed equity […]

Taiwan is allocating the equivalent of $13 billion for energy cost support for state power generation company Taipower and refiner CPC, Reuters has reported, to offset the sharp cost inflation resulting from the war in the Middle East. Taiwan is […]

Michael Ayamga, deputy chief executive for operations at the Environmental Protection Authority, told Reuters that the notice partly concerned a tailings pipeline disconnecting and causing a spill. A pre-closure notice is not confirmation that the mine has shut. The report does not […]

Crude oil prices ticked higher today, after dipping on Tuesday, following reports that President Trump has no intention of easing sanction pressure on Iran, which has decimated exports from one of OPEC’s biggest producers. At the time of writing, Brent […]

The United Arab Emirates has expressed intent to invest another $25 billion in India, including in the energy sector, Indian Commerce and Industry Minister Piyush Goyal said at a high-level meeting in Mumbai. The UAE has already invested about $25 […]

The Dangote refinery in Nigeria is going public as Africa’s richest man, Aliko Dangote, is targeting 10 million retail investors in the “IPO for the people” pitch of Africa’s biggest initial public offering. The Dangote group this month launched a […]

The U.S. government is ready to support Argentina’s key LNG project by lending up to $6 billion to the project led by Argentina’s energy group YPF in partnership with Italy’s Eni and Emirati energy firm XRG. As part of a […]

The World Bank and International ​Monetary Fund said on Monday ​that both their executive boards had ‌approved proposed ​reforms of their joint framework for evaluating the debt of low-income countries to reflect a more complex and riskier environment. A ‌joint […]

China has brought its US Treasury stash to a level not seen since the financial-crisis era. New data show Beijing’s holdings of US government debt slid to about $618 billion in July, the lowest since 2008, as China and other […]