ExxonMobil Egypt partners with Octane to digitize transport services Deal integrates digital tools with fuel and maintenance networks Aims to boost efficiency, safety, and support sustainability goals ExxonMobil Egypt announced on October 7 a strategic partnership with the tech firm Octane to modernize Egypt’s transport sector by combining digital vehicle optimization tools with...

Nigeria rail passengers rose to 929,553 in Q1 2025 Passenger and freight revenues saw year-on-year increases Growth continues despite aging infrastructure and recent derailments Nigeria’s railway network carried 929,553 passengers in the first quarter of 2025, up from 675,293 in the same period of 2024, according to data from the National Bureau of Statistics (NBS). Passenger...

Chevron names Kevin McLachlan VP of Exploration from Nov. 1 Veteran explorer brings deep African expertise from TotalEnergies Appointment supports Chevron’s push in Angola, Namibia, Nigeria U.S. oil major Chevron announced on Tuesday, October 7, the appointment of Kevin McLachlan as Vice President of Exploration, effective November 1, 2025. He succeeds Liz Schwarze, who is set to retire...

Springbok Solar Power Project spans 350 hectares near Virginia, Free State, with 195 MW capacity. Land dispute with natural gas producer Renergen settled via coexistence agreement in September 2025. Project expected to generate 430 GWh annually, create 500 jobs, and invest R375 million in local communities. The South African SOLA Group has officially resolved a legal dispute over land use,...

Chad ends 15-year conservation deal with African Parks Government cites mistrust, poor cooperation, and rising poaching Split raises questions on Africa’s reliance on foreign conservation groups The Chadian government said on Monday that it has ended its partnership with African Parks, the international conservation group whose board counts Prince Harry among its members. African Parks...

• Togo’s non-performing loans rose 7.5% in July 2025• Year-on-year NPLs and ratio still show slight improvement• Bank provisions fall, raising questions on risk management trends Togo’s banking indicators paint a mixed picture after non-performing loans (NPLs) edged higher in July 2025, according to the BCEAO’s monthly bulletin released in August. Following several months of gains,...

• Morocco signs anti-corruption pact with top security agencies• Deal boosts coordination, data sharing, and joint investigations• Part of wider reform push amid slipping global corruption rankings Morocco's National Authority for Probity, Prevention, and Fight against Corruption (INPPLC)  has signed a partnership agreement with the General Directorate for National Security and the...

• Kenya swaps $ loans for yuan to cut interest costs• First such currency conversion in Africa, saves $215M yearly• Aims to reduce dollar risk, manage soaring public debt Kenya has converted three China loans denominated in U.S. dollars into yuan to cut interest costs and ease its overall debt-service burden, Finance Minister John Mbadi said on Tuesday. The move, described as...

• Africa’s air traffic projected to grow 9.4% year-on-year to 273 million passengers• Region to post world’s fastest growth but still only 2.7% of global total• Expansion driven by North African tourism and rising middle-class demand Africa’s air passenger traffic is expected to reach 273 million travelers in 2025, representing 9.4% annual growth, according to the latest projections...

• Gold price climbs over 53% since early 2025 to reach $4,000 per ounce• Surge outpaces projections from Goldman Sachs and UBS• Safe-haven demand rises amid global economic and geopolitical uncertainty Gold reached an unprecedented $4,000 per ounce on Wednesday, October 8, marking a more than 53% gain since the start of 2025. The milestone came far earlier than analysts had...