Uganda Targets Asian Markets as First Crude Oil Exports Approach
Uganda is preparing to enter the international crude oil market, targeting Asian refiners for its first exports of “Pearl Sweet” crude from early 2027 as the country moves closer to
Heirs Energies’ Us$750 Million Financing Named Best Oil & Gas Deal of the Year
Heirs Energies Limited, Africa’s leading indigenous-owned integrated energy company, has been recognised on the global stage after its landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named
African Economies Face Growing Risks From Dependence on Strait of Hormuz Oil Supplies
Several African countries remain highly vulnerable to disruptions in global energy markets due to their dependence on oil imports that pass through the Strait of Hormuz, one of the world’s
Nigeria Scraps FX Limits on Oil Export Earnings to Boost Investor Confidence
Nigeria has taken a significant step toward reforming its financial system by easing foreign exchange restrictions on oil export earnings. The move, announced by the Central Bank of Nigeria, allows
Middle East Conflict Disrupts African Trade as Hormuz Closure and Oil Surge Trigger Double Shock
The escalating US–Israel military campaign against Iran is delivering a double shock to African trade, disrupting key global shipping routes while driving a sharp surge in oil prices. With the
Commodities Still Dominate Africa’s Export Mix, Report Warns
Edited by Jayden Bagshaw Despite growing calls for diversification, Africa’s export profile remains heavily skewed toward commodities. The African Trade Report 2025 reveals that oil, gold, copper, and cocoa still
Iraq targets oil exports to Africa in expansion plan
Iraq is considering exporting crude oil to Africa amid a market expansion plan, oil minister Hayan Abdul Ghani has said. “The government is evaluating the feasibility of entering African markets,”
Morocco Approves Import of Brazilian Olive Oil Amid Drought and Shortages
Morocco Approves Import of Brazilian Olive Oil Amid Drought and Shortages Rabat – Morocco has approved the import of Brazilian olive oil, expanding trade between the two countries amid ongoing
South Sudan Announces Plans to Resume Oil Production and Export
South Sudan and Sudan have agreed to resume oil production and exports, a critical move for both economies after disruptions caused by Sudan’s ongoing conflict. The deal, confirmed after talks
Juba, Sudan to resume oil production and export
Juba and Khartoum have agreed to resume oil production and export, signalling cooperation over a key pillar of their economies that had been halted after war erupted in Sudan. The