Nigeria has boosted daily crude oil output to between 1.7 million and 1.83 million barrels and the number of active drilling rigs from 31 in January to 50 by July, as reforms under President Bola Tinubu begin to unlock investment in the petroleum sector.
Zimbabwe’s economic growth is expected to rebound to a 6% rate this year, the International Monetary Fund said, citing improving agricultural production, record-high gold prices and robust remittances from its citizens who live abroad.
Read MoreStellantis intends to expand its product line-up at a planned manufacturing plant in South Africa, moving beyond pick-up trucks as shifting market dynamics prompt a strategy rethink, the company’s local manager said.
Read MoreGovernment officials helped negotiate an end to a two-day walkout at the Dangote refinery after the company was accused of firing unionized workers.
Read MoreTanzania’s central bank kept its benchmark interest rate steady at 5.75% on Thursday, saying inflation was projected to remain stable.
Read MoreSouth Africa and Europe should collaborate on building an alternative “value chain” for electric vehicle components such as batteries, to reduce dependence on China, the CEO of BMW South Africa said, calling for a national-level strategy.
Read MoreThe South African rand was flat in early trade on Wednesday, before the release of a purchasing managers’ index survey for the local manufacturing sector and vehicle sales figures.
Read MoreGhana’s annual consumer inflation rate slowed for the ninth consecutive month in September, falling to 9.4% year-on-year from 11.5% in August, marking its lowest level since August 2021, the statistics service said on Wednesday.
Read MoreSouth African manufacturing sentiment improved in September, driven by strong domestic demand, a purchasing managers’ index (PMI) survey showed on Wednesday.
Read MoreSouth Africa’s minister of environment, forestry, and fisheries, Dion George, has welcomed the arrest of nine suspected abalone poachers off Robben Island in the Western Cape.
Read MoreSouth African farmers are expected to harvest 26% more maize in the 2024/2025 season compared with the previous one, the government’s Crop Estimates Committee (CEC) said on Tuesday.
Read MoreA nationwide strike by Nigeria’s oil workers union has shut the offices of the country’s oil regulator and state oil company, threatening fuel supply and trade across West Africa after the Dangote refinery dismissed more than 800 unionised staff.
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