Namibia has been ranked 17th in the RMB 2025/26 Where to Invest in Africa (WTIIA) report, reflecting improved investor sentiment and greater macroeconomic stability.The report highlights that Namibia scored strongly in economic stability, market accessibility, and innovation, placing it among the continent’s top 20 investment destinations. The publication attributes the country’s improved standing to recent...
Day: October 28, 2025
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PIA review plan risks undoing petroleum reform gains
Just four years after Nigeria finally enacted the long-awaited Petroleum Industry Act (PIA) in 2021, the Federal Government is already proposing significant amendments. At the centre of this review is a controversial plan to transfer concessionaire powers, currently held by the Nigerian National Petroleum Company (NNPC) Limited, to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)....
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New Study: Plug-In Hybrid EVs Nearly As Dirty As Gas Vehicles
Electric vehicle skeptics often squawk that battery-electric vehicles like Teslas are nowhere nearly as friendly to the environment as their proponents claim. Well, the truth is a bit more nuanced. Whereas the initial manufacturing of EVs, particularly their batteries, does have a significantly higher carbon footprint than internal combustion engine (ICE) cars, many life cycle...
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Ghana Risks Losing Competitive Edge in Oil Sector – Dr Theo Acheampong Warns
Petroleum Economist and Political Risk Analyst, Dr Theo Acheampong, has cautioned that Ghana risks falling behind emerging African oil producers such as Namibia and Senegal if structural and governance challenges within the petroleum sector are not urgently addressed. Speaking during the NorvanReports Economic Governance Platform and Ghana Anti-Corruption Coalition (GACC) X Space Discussion on the...
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CBN pumps $1.25bn into fuel import, others.
The Central Bank of Nigeria has released a total sum of $1.259bn to oil sector players for the importation of petroleum products and other related items into the country, The PUNCH reports. The amount released between the first three months of 2025 is against the backdrop of the insistence of marketers to continue fuel import...