Libya’s economy is poised for growth in 2025, driven by rising oil production and critical economic reforms, says IMF.
Feyisayo Ajayi
Feyisayo Ajayi
Feyisayo Ajayi is a finance reporter at Billionaires Africa, covering company valuations, latest market trends, and developments in the African continent with a special focus on finance, energy & renewables, and technology.
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Africa leverages abundant natural resources and technology advancements to address energy deficits, driving its renewable energy transition forward.
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Uganda to fully fund a $4 billion oil refinery with equity, partnering with UAE’s Alpha MBM Investments over three years.
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Libya’s National Oil Corporation to tender 22 exploration blocks, seeking international investment to boost hydrocarbon production and economic recovery
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Africa Investment Forum secures $29.2 billion in commitments, attracting global investors and exceeding initial targets across key sectors.
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Biden announces $600 million for Angola’s Lobito Corridor, boosting African trade infrastructure and countering China’s Belt and Road Initiative.
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GovernmentOil & Gas
AfDB Approves $162 Million Loan to Boost Angola’s Economic Diversification and Resilience
AfDB approves a $162.76 million loan to diversify Angola’s economy, strengthen governance, and support inclusive, climate-resilient growth.
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Decentralized power production boosts Africa’s energy access, reduces costs, enhances security, and drives rural development through renewable solutions.
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Nowlun raises $1.7 million to enhance its freight forwarding platform, aiming to expand and digitize MENA logistics operations.
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African Union launches strategies to close energy gaps, improve efficiency, and bolster Africa’s sustainable energy future at COP29.