Somalia has begun its first offshore oil drilling campaign in the Hafun Basin with Turkish firm Karakoyun Energy. We examine what it means for the Horn of Africa.
Somalia has officially launched its first offshore oil drilling campaign, marking a historic milestone in the Horn of Africa’s energy sector and signaling a potential transformation for an economy long plagued by conflict and instability. The campaign, which began in early April 2026, follows the arrival of the Turkish research vessel Çağri Bey in Somali
Nigeria, Africa’s largest crude oil producer, is now paying the highest gasoline pump prices on the continent after pump prices jumped by approximately 65% in late March 2026. The surge has reignited debate about the true value of Nigeria’s flagship investment in domestic refining — the 9 billion Dangote Oil Refinery — and its failure
A Federal High Court in Lagos has delivered a landmark ruling that could reshape the landscape of banking regulation in Nigeria, nullifying the Central Bank of Nigeria’s takeover of Union Bank of Nigeria Plc and declaring the regulator’s actions unlawful. Justice Chukwujekwu Aneke delivered the judgment on March 26, 2026, in Suit No: FHC/L/MISC/1377/2025, ruling
The UN General Assembly has declared the transatlantic slave trade the ‘gravest crime against humanity’ in a historic resolution backed by broad international support.
Zimbabwe’s Reserve Bank has launched redesigned ZiG banknotes in denominations up to ZiG50 as part of efforts to strengthen confidence in the post-2024 currency.
New 1,300km Railway to Link DRC and Zambian Copperbelt to Angolan Coast, Reshaping Regional Export Logistics A landmark $753 million financing package has been secured for the initial phase of the Lobito Corridor railway project, clearing a critical path for construction to commence in 2026. With a total projected cost of up to $5 billion,
Nigeria's 1 billion Dangote Refinery, inaugurated in May 2023 in the Lekki Free Zone near Lagos, has become the continent's most significant bet on energy sovereignty. With a refining capacity of 650,000 barrels per day, it is the world's largest single-train refinery — a distinction that has shifted the calculus of West Africa's reliance on
Nigeria’s Dangote Refinery Reshapes West Africa’s Energy Independence Read More »
Nigeria’s petrol prices jump 65% to become Africa’s highest, exposing the limits of the Dangote Refinery and leaving households to bear the cost of global oil volatility.
Nigeria’s Fuel Prices Surge 65 Percent — and Africa’s Largest Refinery Can’t Prevent It Read More »
Somalia is on the verge of becoming the newest oil-producing nation in Africa, with a Turkish deepwater drilling vessel expected to arrive in Somali waters this week to begin what officials in Mogadishu are calling the most significant economic milestone in the country’s modern history. The drilling vessel, named the Cagri Bey, is operated by
Somalia Sets Sail for Historic First Offshore Oil Drilling Campaign Read More »
After decades of civil conflict, political instability, and years of negotiations, Somalia is finally on the brink of becoming an oil-producing nation. The country is preparing to launch its first-ever offshore oil drilling campaign — a move that could reshape its economic future, alter its geopolitical standing in the Horn of Africa, and attract billions
Somalia Sets Sail for Its First Offshore Oil Drilling Campaign Read More »
When Africa’s largest oil refinery finally came online, it was heralded as a turning point for Nigeria’s energy independence — a symbol of what the continent could achieve when African capital and African ambition combined to challenge the dominance of Western oil multinationals. Less than two years later, Nigeria is facing its steepest fuel price
Nigeria Fuel Prices Jump 65% Despite Dangote Refinery Hopes — Fault Lines in Africa Read More »
