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Renaissance Taps 13 Banks for $4.1 Billion Nigerian Oil Contractor Funding

October 16, 2026

Renaissance Africa Energy has secured financing commitments from 13 banks for a $4.1 billion dollar-denominated portfolio and a separate ₦435 billion facility to support indigenous oil and gas contractors as the company pursues production growth. The financing arrangement was formalised

Africa·News·Top Stories

Kenya Bolsters Lamu Security as Dangote Refinery Project Advances

October 16, 2026

by Amanze Chinonye

Kenya’s military has called for heightened vigilance to protect strategic infrastructure in coastal Lamu as a proposed $16 billion refinery by Nigerian industrialist Aliko Dangote advances, following a court ruling that lifted an interim restriction on the project while a

Business

Business News·Top Stories

China, Botswana Forge Strategic Pact to Expand Mineral Trade, Investment

October 15, 2026

China and Botswana have elevated their relations to a comprehensive strategic cooperative partnership, pledging to expand cooperation in mining, trade, investment and security, with

Africa·Business News·Oil & Gas·Top Stories

Angola’s Sonangol Presses Ahead with IPO Preparations Despite Delay

October 13, 2026

Angola’s state-owned oil company Sonangol is continuing preparations for a planned initial public offering (IPO), with internal work focused on ensuring the sale delivers

Africa·Business News·Top Stories

Dangote Refinery IPO to Be Extended by 10 Days to Attract African Investors

October 12, 2026

The initial public offering (IPO) of Nigerian billionaire Aliko Dangote’s oil refinery will be extended by 10 days to allow investors from other African

Africa·Business News·Top Stories

AEW Opens in Cape Town as Africa Seeks Investment for Energy Projects

October 12, 2026

African Energy Week (AEW) 2026 opened in Cape Town on Monday, bringing together government officials, energy companies, investors and project developers to explore opportunities

Africa·Business News·News·Top Stories

Kenya’s Debt Burden Raises Questions Over IMF Lending Conditions

October 12, 2026

Kenya’s mounting debt repayments are intensifying debate over the impact of International Monetary Fund (IMF) lending conditions, including tax increases and spending cuts, as

Politics

Africa·News·Politics·Top Stories

Mauritania Prime Minister Resigns With Government, Asked to Form New Cabinet

October 9, 2026

Mauritania’s Prime Minister El Moctar Ould Djay submitted his government’s resignation on Friday and was immediately tasked by President Mohamed Ould Cheikh El Ghazouani with forming a new cabinet, days after an independent inquiry into fires at two electricity substations in the capital recommended measures to address administrative failures. The prime minister presented the resignation at the Presidential Palace

Africa·News·Politics·Top Stories

Uganda to Hold 64th Independence Day Celebrations Virtually

October 7, 2026

Uganda will hold its 64th Independence Day celebrations virtually from State House

Africa·News·Politics·Top Stories

Ruto, AU Congratulate Abiy on Re-election as Ethiopian Prime Minister Begins Second Term

October 6, 2026

Ethiopian Prime Minister Abiy Ahmed began a second five-year term on Monday,

Supreme Court Strikes Out Atiku, Obi’s Appeal Against PEPC Judgment In Favour Of Tinubu

News·Nigeria·Politics·Top Stories

Tinubu Hails Economic Turnaround as Atiku, Obi Challenge Prosperity Claims

October 2, 2026

Nigerian President Bola Ahmed Tinubu said on Thursday that the country had

News·Nigeria·Politics·Top Stories

October 1: Nigeria Has Passed Through Its Own Red Sea, Prosperity Is Next – Tinubu

October 1, 2026

President Bola Ahmed Tinubu, in his Independence Day address to Nigerians on

Entertainment

Emmys 2025: ‘Adolescence’ Win Big, Full Winners List

September 15, 2025

The 2025 Emmy Awards were handed out Sunday, with Adolescence, The Studio, The Pitt, and The

Entertainment

How To Vote For AFRIMA 2025

September 9, 2025

The countdown to AFRIMA 2025 has officially begun as the All Africa Music Awards announced that

Entertainment

Full AFRIMA 2025 Nominations List: Davido, Burna Boy Lead List

September 5, 2025

The wait is over! The African Music Awards (AFRIMA) 2025 nominees list has been officially released,

Entertainment

AFRIMA 2025 Nominees List Unveiled: Voting Details, Top Contenders

September 5, 2025

The African Music Awards (AFRIMA) 2025 nominees list is finally here, music fans across the continent

Entertainment

Court Orders Mohbad’s Wife To Run DNA On Their Son

September 4, 2025

A Lagos State Magistrate Court sitting in Ikorodu, on Tuesday, September 2, 2025, ordered a DNA

Technology

Africa·News·Technology·Top Stories

Microsoft’s Nairobi Engineering Centre Faces Closure, Hundreds of Jobs at Risk

October 13, 2026

Microsoft is planning changes to its Africa Development Centre (ADC) in Nairobi that could put hundreds of jobs at risk as the technology company

Data & Infographics·News·Nigeria·Technology·Top Stories

Thales to Build Nigeria Satellite with Broad African Communications Footprint

September 30, 2026

Nigeria is adding a new geostationary communications satellite to its space infrastructure, with Thales Alenia Space contracted to build NigComSat-2A to deliver broadband, broadcasting

Finance & Economy·News·Nigeria·Technology·Top Stories

Nigeria Launches Digital Free-Zone Push to Attract Technology Companies

September 18, 2026

Nigeria has licensed its first Digital Free Zone, Itana, as part of government efforts to attract technology companies, investment and high-value services and encourage

Africa·News·Technology

Kenya court nullifies $1.6 billion Safaricom Stake Sale

September 16, 2026

Kenya’s High Court has declared the government’s sale of a 15% stake in Safaricom Plc to Vodacom Group invalid and ordered the shares returned

Technology·Top Stories·World News

Microsoft AI Drafts Code to Keep Models Under Human Control

September 15, 2026

Microsoft AI on Monday published a draft code of conduct requiring its in-house artificial intelligence models to remain under human control, as concerns grow

Sport

Rwanda President Announces Visa-free Entry For All Africans

Africa·News·Sports·Top Stories

Rwanda Secures 10-Year Formula One Deal, Race Targeted for Early 2030s

October 14, 2026

Rwanda has secured a 10-year agreement to host a Formula One Grand Prix in the early 2030s, paving the way for the championship’s return to Africa for the first time since 1993. “It is an honour and privilege for Rwanda to be chosen as the destination in the Formula 1 calendar,” Rwandan President Paul Kagame said. READ ALSO :

Entertainment·Sports·Top Stories·World News

Netflix Secures Exclusive Rights to 2030 World Cup in Spain, Andorra

October 13, 2026

Netflix has secured exclusive broadcasting rights to all 104 matches of the

Sports·Top Stories·World News

Kenya Makes history as Africa Lands First World Athletics Championships

September 15, 2026

Nairobi and Munich have been selected to host the 2029 and 2031

Africa·News·Sports·Top Stories

Nairobi Enters Race to Host 2029 World Athletics Championships

August 11, 2026

Nairobi has formally submitted its bid to host the 2029 World Athletics

News·Sports·World News

Moroccan Football Prospect Dies in Attempted Sea Crossing to Spain

August 7, 2026

Moroccan footballer Faten Ben Amar El Azizi, 20, died while attempting to

Markets

Markets·Top Stories·World News

China, North Korea Open Long-Delayed Bridge to Facilitate Trade

October 15, 2026

China and North Korea opened a long-delayed border bridge on Thursday, October 15, 2026 establishing an additional road link between the neighbours as they

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Markets·Oil & Gas·Top Stories·World News

Iran Conflict Pushes South African Fuel Prices Sharply Higher

October 5, 2026

South Africa will raise petrol prices by more than 11% and diesel prices by up to 10% from Wednesday, as higher global crude oil

Business News·Markets·Top Stories·World News

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

September 21, 2026

India and New Zealand’s free trade agreement (FTA) will take effect on Oct. 20, giving Indian exporters duty-free access to the New Zealand market

Business News·Markets·Top Stories

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

September 14, 2026

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been named as an authorised financial institution through which eligible investors can subscribe to

Business News·Markets·Top Stories

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

June 24, 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in the first quarter of 2026, with nine out of 11 listed companies posting double-digit

Latest

News·Nigeria·Oil & Gas

Renaissance Taps 13 Banks for $4.1 Billion Nigerian Oil Contractor Funding

October 16, 2026

Renaissance Africa Energy has secured financing commitments from 13 banks for a $4.1 billion dollar-denominated portfolio and a separate ₦435 billion facility to support indigenous oil and gas contractors as the company pursues production growth. The financing arrangement was formalised through a

Africa·News·Top Stories

Kenya Bolsters Lamu Security as Dangote Refinery Project Advances

October 16, 2026

Kenya’s military has called for heightened vigilance to protect strategic infrastructure in coastal Lamu as a proposed $16 billion refinery by Nigerian industrialist Aliko Dangote advances, following a court ruling that lifted an interim restriction on the project while a dispute over

Opinion

President Tinubu and the Low Transport Fares Fiasco

October 16, 2026

In his usual fire brigade approach, President Bola Ahmed Tinubu, late last August, when campaigns for January 2027 presidential elections had commenced, summoned governors of Nigeria’s 36 states to a meeting, solely to discuss approaches to lowering transport fares across the country.

Africa·News·Top Stories

Somaliland Welcomes Trump Remarks as U.S. Recognition Remains Uncertain

October 16, 2026

Somaliland has renewed its campaign for international recognition after U.S. President Donald Trump described the territory as a “totally different country” from Somalia, prompting celebrations in its capital but no indication of a change in Washington’s diplomatic policy. The territory’s Ministry

Africa·Finance & Economy·News·Top Stories

Ruto Signs Laws Extending Fuel VAT Relief, Reshaping KRA Board

October 16, 2026

Kenyan President William Ruto has signed legislation extending reduced value-added tax (VAT) on fuel for 90 days, revising taxes on selected construction materials and changing the governance and funding arrangements of the Kenya Revenue Authority (KRA), Prime Business Africa reports. The fuel-tax

Markets·Top Stories·World News

China, North Korea Open Long-Delayed Bridge to Facilitate Trade

October 15, 2026

China and North Korea opened a long-delayed border bridge on Thursday, October 15, 2026 establishing an additional road link between the neighbours as they seek to strengthen trade and economic cooperation. The 3-km (1.9-mile) New Yalu River Bridge connects Dandong, in

PMS Price: Marketers Raise Concerns Over Epileptic Fuel Supply

Africa·News·Oil & Gas·Top Stories

Kenya’s Fuel Price Hike Threatens to Push Up Transport, Business Costs

October 15, 2026

Kenya raised pump prices for petrol, diesel and kerosene for the month to Nov. 14, as higher import costs pushed up fuel prices and threatened to increase transport, food distribution and business operating expenses, Prime Business Africa reports. The Energy and

Business News·Top Stories

China, Botswana Forge Strategic Pact to Expand Mineral Trade, Investment

October 15, 2026

China and Botswana have elevated their relations to a comprehensive strategic cooperative partnership, pledging to expand cooperation in mining, trade, investment and security, with a focus on improving access for Botswana’s diamonds and agricultural products to the Chinese market, according to a

News·Nigeria·Top Stories

Nigerian Air Force to Assess Environmental Concerns After Igbokoda Crash

October 15, 2026

Nigeria’s Air Force said on Thursday it would work with environmental and public health authorities to assess possible environmental impacts of a military aircraft crash in Igbokoda, Ondo State, following residents’ complaints about a persistent foul smell near the crash site, Prime

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