Ikeoluwa Juliana Ogungbangbe

The World Bank, African Development Bank and Rockefeller Foundation launched a private sector council to electrify 300 million Africans by 2030

Afreximbank has underwritten $2.5 billion of a $4 billion syndicated loan for Dangote Refinery, the largest single commitment in the deal.

Oil prices climbed over 1% as Middle East tensions and supply disruption fears kept global markets on edge, with Brent crude topping $105 a barrel.

Rising energy costs in Egypt are forcing Cairo nightlife venues to close earlier, disrupting businesses, reducing revenue, and reshaping the city’s vibrant after-dark social scene.

South Africa will cut its fuel levy for one month to ease rising pump prices, offering temporary relief to consumers amid increasing global energy costs.

KEY POINTS South African citrus farmers have raised concerns over isolated diesel shortages ahead of the country’s critical export season, warning that supply constraints and rising fuel prices could disrupt …

KEY POINTS The European and African oil markets are tightening sharply as Asian buyers increasingly compete for limited crude supplies, pushing key benchmarks and differentials to record highs ahead of …

KEY POINTS Egypt and Cyprus on Monday signed a framework agreement to expand cooperation in the natural gas sector, marking another step toward developing Cyprus’ offshore reserves and strengthening regional …

KEY POINTS Oil prices continued to rise as investors monitored the ongoing Gulf conflict, which has heightened fears of inflation and global economic slowdown. European markets and a major Wall …

KEY POINTS Egypt’s strategic position at the intersection of regional supply routes, energy infrastructure, and rising demand has made it a critical energy market, according to Shell Egypt’s Vice President …