Tag: Business Africa

Nigeria Discovers Fresh Crude, Reinforcing Its Lead as Africa’s Top Oil Producer

Nigeria’s oil sector received a boost after the Nigerian National Petroleum Company (NNPC) Limited and Chevron Nigeria Limited confirmed a new discovery at the...

Ivory Coast Rains Expected to Support Cocoa Mid-Crop, Farmers Say

Farmers in Ivory Coast’s cocoa-growing regions said recent rainfall is likely to support the development of the country’s mid-crop, providing relief during a typically...

Dubai-Based Group Develops 200 MW Thermal Power Plant in Burkina Faso

A Dubai-based industrial group, Mark Cables, has completed the development of a 200-megawatt thermal power plant in Burkina Faso, aimed at addressing the country’s...

Nigeria Secures Spot Among Africa’s Top Five Economies as Reserves Hit $46 Billion, Strongest in Eight Years

Nigeria has retained its position among Africa’s top five largest economies as its external foreign exchange reserves rose to about $46 billion, the highest...

Mali Takes 51% Stake in China-Backed Local Explosives Venture

Mali has taken a controlling 51 percent stake in a new industrial explosives joint venture backed by China, strengthening state oversight of a strategic...

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