ENERGY
Oando PLC posts ₦210 billion profit for the first nine months of 2025—a 164% increase year-on-year—driven by NAOC asset gains, higher production, and strategic financing moves, reaffirming its position as Nigeria’s leading indigenous energy group.
AGRICULTURE
ACCRA – Africa’s shift toward value-added exports gained ground in 2024, as processed foods and fisheries overtook raw commodities in several key markets. According to the Africa Trade Report 2025, cocoa prices reached a historic US$12,565 per tonne, delivering major gains to top producers Côte d’Ivoire and Ghana. This rise was fueled by adverse climate events and logistical challenges across […]
AFRICA
According to the Africa Trade Report 2025 published by Afreximbank, intra-African trade experienced a notable resurgence in 2024, growing by 12.4% to reach approximately US$220.3 billion. This recovery marks a sharp turnaround from the 5.9% decline observed in the previous year, underscoring the continent’s resilience and renewed momentum for integration. Leading this resurgence was South Africa, which accounted for US$42.1 billion in intra-African […]
ECONOMY
In a move to reduce Africa’s reliance on imported refined petroleum products, which cost the continent an estimated US$30 billion annually due to insufficient refining capacity, the African Export-Import Bank (Afreximbank) has launched a US$3 Billion Revolving Intra-African Oil Trade Financing Programme. This initiative will finance the purchase of refined petroleum products by African and […]