TotalEnergies and QatarEnergy secured Congo’s Nzombo deepwater permit with SNPC under a production sharing contract. The consortium will drill one exploration well by the end of 2025, leveraging proximity to Moho facilities to reduce costs. Congo targets 500,000 barrels per day (bpd) by 2027, with Nzombo seen as key to boosting output and attracting further...

Morocco tests floating solar at Oued Rmel dam (13 MW) to produce green energy for Tanger Med. The project aims to cut water evaporation by 30% amid drought, preserving vital resources. Africa holds vast floating solar potential, offering dual energy and water solutions. Facing persistent drought, Morocco is piloting floating solar technology as an innovative approach to...

Carlyle agreed to acquire Altera’s FPSO business, including Côte d’Ivoire projects, as part of a global upstream expansion strategy. The deal encompasses FPSOs Petrojarl Kong and Piranema, as well as 50% of Pioneiro de Libra and FSO Yamoussoukro, all under long-term contracts. Altera, backed by Brookfield, exits FPSOs to focus on core shipping and CCS, while Carlyle targets...

Egypt boosts gas exploration with $343M deals to counter declining output. New wells in Mediterranean/Nile Delta involve Shell, Eni, Arcius, Zarubezhneft. Production fell to 3.5 BCM/month, forcing $3B LNG imports; success depends on rapid new discoveries. Egypt is intensifying its efforts to revitalize its natural gas sector, which has experienced a sustained decline in...

Singapore-Africa trade grew 54% to S$18.7B (US$14.3B) between 2020 and 2024. Singapore is the top ASEAN investor in Africa, with cumulative investments of S$26.9B. New bilateral investment treaties were signed with Nigeria and Ivory Coast to boost capital flows. Trade between Singapore and Africa surged 54% in four years, underscoring the city-state’s push to expand its footprint...

• 93% of Ivorian households own a television set• TV and digital media dominate with 3+ hours daily use• Peak TV audience hits 2M viewers at 8 p.m. Television is the most-watched medium in Côte d'Ivoire, according to new audience data from a partnership between the country's High Authority for Audiovisual Communication (HACA) and the British research firm Kantar TNS. HACA tasked Kantar...

• Mali launches 2025 shea season, sets price at 250 CFA/kg• Ghana’s higher 433 CFA/kg price raises smuggling concerns• Export bans push focus on local shea processing in West Africa Mali has officially started its 2025 shea nut marketing season, setting the minimum farmgate price for a kilogram of good quality shea nuts at 250 CFA francs. This price, announced by the Ministry of...

• Egypt’s food exports rise 8% to $4.03B in Jan-Jul 2025• Frozen strawberries lead with $517M, up 77% year-on-year• Saudi Arabia top buyer; U.S. and Sudan follow closely Egypt's food sector exports reached $4.03 billion during the first seven months of 2025, an 8% increase compared to the same period last year. The data, released by the Food Export Council on Sunday,...

• Guinea issues new banknotes to ease cash liquidity crunch• 94% of notes remain outside banks, fueling shortages• Central bank pushes digital payments, banking access reforms The Central Bank of the Republic of Guinea (BCRG) announced on Sunday, August 31, that it is issuing a new batch of banknotes to ease a severe cash liquidity crunch affecting households and businesses. The decision...

• Nigeria drafts new telecom cybersecurity framework for 2026 rollout• Rules cover incident management, risk assessment, information sharing• Africa now world’s most targeted region for cyberattacks Nigeria's telecommunications regulator, the Nigerian Communications Commission (NCC), is preparing a new regulatory framework to bolster cybersecurity in the sector. The draft, developed with...