This series of setbacks presents a challenge for Namibia’s aspirations of becoming a major crude oil producer. Chevron’s exploration well Kapana 1X in Namibia’s Orange Basin did not yield commercial hydrocarbon reserves. Namibia has potential for oil production, with major companies like TotalEnergies and Shell discovering an estimated 2.6 billion barrels of oil in the…
The way we look at human output is set to change significantly in the coming years, specifically from 2025 to 2030, and in Africa, this is projected to be more prevalent. Business Insider Africa presents the top 5 African countries where skilled professionals are facing the highest risks. This list is courtesy of The Future…
Tanzania’s agriculture, tourism, and industrial sectors have drawn interest from several Japanese companies. Japanese companies showing interest in Tanzania’s agriculture, tourism, and industrial sectors. 20 investment companies from Japan touring Tanzania for potential collaborations. Total Japanese investment in Tanzania is $11.4 million across 24 projects in the past 12 years. Twenty investment companies are currently…
Nigerian petroleum marketers are increasingly aligning with the Dangote Refinery in response to a rise in depot fuel prices. Nigerian petroleum marketers are turning to Dangote Petroleum Refinery due to rising depot fuel prices Depot price of Premium Motor Spirit (PMS) rose by 4.7% due to global crude oil cost surge to $80 per barrel…
For 2024 the world’s busiest airports collectively handled over 411 million passengers. In Africa, Cairo International Airport handled 18,712,227 passengers in 2024—a significant 46% increase from its 2019 figures and an 11% rise compared to 2023. Business Insider Africa presents the busiest airports in Africa in 2024. The list is courtesy of OAG’s Global Airline…
The Rwandan government has officially announced its first oil discovery, identifying 13 reservoirs within Lake Kivu, a natural border with the Democratic Republic of Congo. Rwanda has officially announced its first oil discovery in Lake Kivu Rwanda currently heavily relies on agricultural and mineral exports, plus its thriving tourism industry With this oil discovery, Rwanda…
Chinese companies, many of which are state-backed, have become the largest investors in the Democratic Republic of Congo in recent years. The Democratic Republic of Congo wants to diversify its mining industry and reduce reliance on Chinese investment. It is seeking new mining investors from Saudi Arabia, the European Union, and India. Chinese companies have…
Transportation, particularly air travel, is key to global connectivity, with major international airports driving the movement of people and goods. Business Insider Africa presents the worlds busiest international airports in 2024 The list is courtesy of OAG Dubai International Airport (DXB) maintained its position as the World’s Busiest International Airport in 2024 with 60.2 million…
In an article published on January 6 by Russia in Global Affairs, Russia reaffirmed its commitment to helping African nations achieve genuine independence. Russia has reaffirmed commitment to helping African nations achieve genuine independence The Kremlin supports the idea of Pan-Africanism and the role of the African Union in enhancing Africa’s voice and influence in…
