ExxonMobil eyes South Africa as a priority market for long-term LNG sales. Qatar pushes government-to-government deals as it expands LNG exports by 80% by 2030. Pretoria weighs offers amid US tariffs, currency risks, and urgent energy needs. ExxonMobil has identified South Africa as a priority market for its long-term liquefied natural gas (LNG) sales, company vice president for...

Rhino Resources struck gas condensate at Volans-1X well in PEL 85, Orange Basin. It marks the firm’s third consecutive success on the block, adding to oil finds. The discovery highlights Namibia’s diverse hydrocarbon potential despite industry hurdles. Rhino Resources, through its Namibian subsidiary, announced on October 1 the discovery of rich gas condensate at the Volans-1X...

The Assessment is conducted in partnership with the World Bank under the $50M SLDTP. The study checks Compute, Capacity, and Context, amid 8.66M mobile connections but only 1.8M internet users (~21%). Since October 2023, SLDTP has connected 50 government MDAs, improving broadband, skills, and public service delivery. The Government of Sierra Leone, through the Ministry of...

SONACOS signed a deal with Focus Investment Group for a new processing unit in Touba. The plant aims to boost processing capacity, create jobs, and support food security. The company faces heavy losses, with CFA33.04 billion in deficits over 2023–2024. The National Oilseeds Marketing Company (SONACOS) announced on October 2 the signing of a memorandum of understanding with Focus...

• Visa highlights role in Senegal’s digital economy shift under the New Deal Technologique.• The firm plans to boost inclusion through prepaid cards, mobile money, and secure payments.• Partnership aims to cut cash use, expand transparency, and support small businesses. The global leader in digital payments -Visa- held a meeting in Dakar on October 2 with public and private financial...

• Ghana’s government will host a TikTok training on October 12 for 120 creators to improve engagement, reach, and monetization.• This is the first time the Ghanaian government has facilitated direct collaboration between TikTok and local creators.• Ghana Commercial Bank (GCB) launched a payment mechanism in September to help TikTok creators receive earnings transparently. Ghana is...

• Senegal plans to revise its 2019 petroleum law to cover fiscal rules, contracts, and local content obligations.• Energy Minister Birame Souleye Diop said reforms aim to strengthen transparency and redistribute oil and gas revenues.• The government will unveil details of the reform at the MSGBC 2025 conference in Dakar in December. Senegal’s hydrocarbon activities currently fall under...

• African carriers’ passenger traffic rose 7.1% in August 2025, outpacing global growth of 4.6%.• Load factors improved to 79.7%, up 1.3 percentage points year-on-year.• IATA projects African airlines will grow at an average annual rate of 4.1% over the next two decades. African airlines recorded higher passenger volumes in August, supported by post-pandemic recovery and strong summer...

• Visa and SantimPay partnered to deploy 100,000 low-cost POS terminals in Ethiopia, addressing a significant gap with only 7,500 devices nationwide.• This project backs Ethiopia's goal to move beyond cash, aiming to lift the digital transaction share in retail, transport, and other key sectors.• The summit also highlighted a future cross-border payment platform and the vital need to extend...

• 27 million young people in Sub-Saharan Africa were unemployed in 2023, with 62 million classified as NEETs.• Funded African startups employed 34,201 people in 2022, nearly double the previous year.• Nigeria, Egypt, Kenya, and South Africa absorbed over 80% of tech venture funding in 2023, leaving emerging ecosystems behind. African startups are multiplying and gradually reshaping the...