Commodities
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Afreximbank Launches $3 Billion Fund for Intra-African Oil Trade
The African Export-Import Bank (Afreximbank) has unveiled a $3 billion Revolving Intra-African Oil Trade Financing Programme aimed at supporting African…
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Gold Price Hits $3,500 as Investors Seek Heavens
Institutional investors are reallocating capital as global recession fears rise, driven by concerns over U.S. President Donald Trump’s evolving trade…
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Trump’s Foreign Aid Freeze Threatens Africa’s Critical Minerals Corridor
A billion-dollar U.S.-backed railway project in Africa, vital for transporting critical minerals to global markets, is facing delays due to…
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Russia Keeps Oil Exports Flowing Despite Sanctions with New Shipping Tactics
Russia has once again demonstrated its ability to navigate Western sanctions, keeping crude oil exports moving through its main Pacific…
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Africa Energy Bank to Begin Operations with $5 Billion in Equity
The long-planned Africa Energy Bank will begin operations this quarter with $5 billion in equity from member nations and shareholders,…
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Independent Lab Tests Confirm Shell V-Power Meets Global Standards in Kenya
Vivo Energy Kenya confirmed the quality of Shell V-Power fuel after an independent laboratory test confirmed it meets global standards.…
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Dangote Cuts Petrol Price for Nigerians in New Rates
Dangote Refinery, owned by Aliko Dangote, has again lowered the ex-depot price of petrol in Nigeria, this time by 6.3%…
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China’s Zijin Mining Group to Begin Lithium Production in Congo by 2026
China’s Zijin Mining Group has announced plans to commence lithium production in early 2026 at the Manono project in the…
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Crude Exports From South Sudan Resumes After 10-Month Force Majeure
Sudan has lifted a force majeure notice on crude exports from South Sudan, allowing oil shipments to resume through a…
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Senegal Envisions Investing About $30.5 Billion In Development
Senegal, a nascent oil and gas producer, intends spending about 12.8 trillion CFA francs ($21 billion) on development over the…
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