KOTUG Reinforces West Africa Fleet with Two New Tugs for BP’s Mega Gas Project
KOTUG Reinforces West Africa Fleet with Two New Tugs for BP’s Mega Gas Project Dutch towage and maritime company KOTUG International is strengthening its operations in West Africa with two RAstar 3200 tugs, SD Rosso and SD Chatboul, heading to Senegal to support long-term offshore terminal operations at BP’s Greater Tortue Ahmeyim gas field. The […]
ReconAfrica Set to Drill High-Stakes Kavango West 1X Well Before Month’s End
ReconAfrica Set to Drill High-Stakes Kavango West 1X Well Before Month’s End Reconnaissance Energy Africa is preparing to spud its crucial Kavango West 1X exploration well before the end of July, with the drilling rig safely positioned on-site and all necessary permits secured from regulators. The well represents the second test in the expansive Damara […]
Dutch Giant SBM Offshore Makes Bold Move for Namibia’s Massive Venus Oil Discovery
Dutch Giant SBM Offshore Makes Bold Move for Namibia’s Massive Venus Oil Discovery Dutch offshore production specialist SBM Offshore is positioning itself for a major opportunity in Namibia’s ultra-deepwater Venus oil discovery in the Orange Basin, with Chief Business Officer Olivier Icyk confirming the company’s growing interest and ambitions to build an in-country presence. French […]
Angola’s Oil Production Plummets to One Million Barrels Daily as Sector Contracts 10.2%
Angola’s Oil Production Plummets to One Million Barrels Daily as Sector Contracts 10.2% Angola’s oil and gas production suffered a dramatic 10.2 percent decline in the second quarter of 2025, with daily oil output dropping to approximately one million barrels per day, according to a new report from Banco Fomento Angola’s Economic Studies Department. The […]
DIGITAL PAYMENTS TO POWER AFRICA’S $1 TRILLION CROSS-BORDER MARKET BY 2035, OUI CAPITAL SAYS
DIGITAL PAYMENTS TO POWER AFRICA’S $1 TRILLION CROSS-BORDER MARKET BY 2035, OUI CAPITAL SAYS Africa’s cross-border payments market is projected to surge to $1 trillion by 2035, up from $329 billion in 2025, according to a new report by Oui Capital, an Africa-focused venture capital firm. The growth, driven by a 12% compound annual growth […]
CORPORATE AFFAIRS COMMISSION (CAC) CLAIMS RECORD REGISTRATION ON NEW AI-POWERED PORTAL, BUT USERS REPORT DELAYS
CORPORATE AFFAIRS COMMISSION (CAC) CLAIMS RECORD REGISTRATION ON NEW AI-POWERED PORTAL, BUT USERS REPORT DELAYS Nigeria’s Corporate Affairs Commission (CAC) said a major AI-driven website upgrade led to a record 11,000 companies registered in one day, compared to the one week it used to take to process each registration. The commission tried to address mounting […]
ETHIOPIA OPENS BANKING SECTOR TO FOREIGN INVESTMENT FOR THE FIRST TIME IN DECADES
ETHIOPIA OPENS BANKING SECTOR TO FOREIGN INVESTMENT FOR THE FIRST TIME IN DECADES Ethiopia’s central bank has introduced a long-anticipated directive permitting foreign banks and investors to operate within its financial sector. This milestone signals a significant advance in the nation’s ongoing economic liberalisation efforts and follows the parliamentary approval of a revised banking law […]
LAGOS LAUNCHES DIGITAL ADDRESS SYSTEM TO BOOST REVENUE AND URBAN PLANNING
LAGOS LAUNCHES DIGITAL ADDRESS SYSTEM TO BOOST REVENUE AND URBAN PLANNING Lagos Launches Digital Address System to Boost Revenue and Urban Planning. Lagos State has introduced a digital system for house numbering designed to curb tax evasion, boost revenue collection, and enhance urban planning efficiency, the initiative launched on Tuesday, June 24, 2025 will allocate […]
TANZANIA LAUNCHES E-KILIMO TO REVOLUTIONIZE AGRICULTURE WITH DIGITAL SOLUTIONS
TANZANIA LAUNCHES E-KILIMO TO REVOLUTIONIZE AGRICULTURE WITH DIGITAL SOLUTIONS Tanzania has made a significant stride in its digital transformation by launching e-Kilimo, a platform designed to modernize the country’s agriculture sector. Agriculture plays a vital role in Tanzania’s economy, contributing 23% to the national GDP and employing nearly two-thirds of the population. On July […]