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 […]
Tunisia Faces Mounting Energy Challenges as Gas Production Drops 11%
Tunisia Faces Mounting Energy Challenges as Gas Production Drops 11% Tunisia’s natural gas output declined 11% through May 2025 to 809 kilotonnes of oil equivalent, according to the National Observatory for Energy and Mines, highlighting growing energy security concerns for the North African nation. Key gas fields experienced significant production drops, with Nawara field plummeting […]
Petronor Maintains Stable Congo Production Despite Minor Q2 Decline
Petronor Maintains Stable Congo Production Despite Minor Q2 Decline Independent operator Petronor E&P reported Q2 2025 average net production of 4,240 barrels per day from the PNGF Sud field in the Republic of Congo, representing a slight decrease from Q1’s 4,303 bpd while achieving improved 90% production efficiency compared to 2024’s 86% average. Two workover […]
Uganda National Oil Company Opens Joint Venture Partnership Search
Uganda National Oil Company Opens Joint Venture Partnership Search The Uganda National Oil Company Limited is actively seeking joint venture partners for petroleum exploration and production activities in the Kasuruban Contract Area, following successful completion of its first exploration phase work program. UNOC, established in 2015 as a wholly government-owned entity, holds 100% participating interest […]
Morocco’s Predator Oil & Gas Launches Gas Testing Operations at Guercif Site
Morocco’s Predator Oil & Gas Launches Gas Testing Operations at Guercif Site Predator Oil & Gas Holdings has initiated rigless testing operations at the MOU-3 well in Morocco’s Guercif region, marking a significant step in the company’s North African gas development strategy. The 10-day testing program includes perforating and testing the shallow ‘A’ Sand formation. […]
Namibia Accelerates Oil Production Timeline with 2029 Target as Investment Surge Continues
Namibia Accelerates Oil Production Timeline with 2029 Target as Investment Surge Continues Namibia is witnessing unprecedented investment momentum across its exploration and production landscape as the country prepares for oil production by 2029. The surge spans from global energy majors to leading independents and regional companies, positioning Namibia as southern Africa’s next major oil producer. […]
Zambia Secures $1.1 Billion Deal for Massive Oil Refinery to End Fuel Import Dependence
Zambia Secures $1.1 Billion Deal for Massive Oil Refinery to End Fuel Import Dependence Zambia has signed a transformative $1.1 billion agreement with China’s Fujian Xiang Xin Corporation to develop a major crude oil refinery and energy complex in Ndola, positioned to end the nation’s reliance on costly fuel imports and potentially turn it into […]
Senegal Achieves Major LNG Milestone as Production Ramps to 90% Capacity
Senegal Achieves Major LNG Milestone as Production Ramps to 90% Capacity Senegal has officially entered the global LNG market as a major player, with the floating LNG vessel Gimi reaching full commercial operations and ramping production to approximately 2.4 million tons per annum, representing 90% of its 2.7 million ton nameplate capacity. The Greater Tortue […]