Many African countries are already struggling with heavy debt burdens. Climate change is making this worse. Africa contributes the least to global emissions but suffers the most from extreme weather, rising temperatures and drought. These disasters affect not just people’s livelihoods but also national revenues, making debt repayment harder. Yet traditional debt contracts don’t account...
Day: August 4, 2025
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Nigeria’s EV Market is in Vogue as Foreign Investment Pours in.
The arrival of a locally assembled electric SUV is the latest signal that Nigeria’s EV ambitions are picking up speed. Bonface Orucho, bird story agency Nigeria’s local EV assembling and production is growing, evidenced by the recent unveiling of a high-performance, all-electric SUV built on home soil. The launch signals a growing confidence in domestic...
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Nigeria’s EV Market is in Vogue as Foreign Investment Pours in.
The arrival of a locally assembled electric SUV is the latest signal that Nigeria’s EV ambitions are picking up speed. Bonface Orucho, bird story agency Nigeria’s local EV assembling and production is growing, evidenced by the recent unveiling of a high-performance, all-electric SUV built on home soil. The launch signals a growing confidence in domestic...
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Nigeria needs a bankable case for energy investment – Ojulari
Bayo Ojulari, the group managing director of the Nigerian National Petroleum Company Limited (NNPC) has called for a coordinated, strategic approach to make Nigeria’s energy sector more attractive to global investors, stating that “Nigeria needs a bankable case for energy investments.” Speaking at the 2025 Society of Petroleum Engineers (SPE) International Conference in Lagos, Ojulari...
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Africa Must Lead, Not Follow, in the Global Energy Race – Energy Trader Declares
An influential African energy trader has declared his intent to shake up the traditional oil and gas industry and place Africa firmly at the center of the global energy value chain. “People come to me to buy oil. Others come to sell it. I am not a politician. I am a businessman shaping deals, unlocking...
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Illegal Mining Threatens Ghana’s Critical Gas Pipelines – Genser Energy Warns
Kumasi, Ghana Genser Energy has raised alarm over growing threats posed by illegal mining activities popularly known as galamsey to Ghana’s national gas pipeline infrastructure. The Vice President of Operations at Genser Energy, Ing. Henry Abeiku Oppong, revealed that at least 50 communities in the Western and Ashanti regions where gas pipelines run are now...
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China Reiterates End to Overseas Coal Financing at Ghana-China Media Fellowship in Accra
China has once again reinforced its commitment to halting the financing of coal power projects beyond its borders, as part of its global climate pledge. This reaffirmation came during a high-level engagement with participants of the ongoing Ghana-China Media Fellowship 2025 in Accra. Addressing the fellows at the Africa-China Centre for Policy and Advisory (ACCPA)...
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US sanctions force vessels with Russian oil to divert from India, sources say
NEW DELHI/MOSCOW, Aug 1 (Reuters) – At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which...