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International News Transport and Logistics

Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network

Zambia Targets TAZARA Railway Upgrade with $1.6 Billion Rehabilitation Plan to Boost Trade and Economic Growth Zambia is advancing plans to modernise the TAZARA railway corridor, with President Hakainde Hichilema highlighting the importance of upgrading the route to support trade, transport efficiency and economic growth. Speaking at the TAZARA train station in Kapiri Mposhi, President Hichilema said the government is committed to improving the railway, which provides a strategic link between Zambia and the port

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International News Renewable Energy

Egypt Awards $560 Million Contract for Major Solar and Battery Storage Project

Egypt Awards $560 Million EPC Contract for 1GW Solar Project with Battery Storage Egypt has awarded a $560 million engineering, procurement and construction (EPC) contract for the West Minya Solar Power Project, one of the country’s largest renewable energy developments. The contract was awarded to Hassan Allam Construction and Sterling and Wilson Renewable Energy through their 50:50 joint venture. The project, located in Minya Governorate, will combine 1,000 megawatts (MW) of solar photovoltaic capacity with

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International Energy Gas News

World Bank Warns Rising Gas Flaring Undermines Africa’s Energy Security

Global Gas Flaring Reaches 167 Billion Cubic Metres, Matching Africa’s Annual Gas Consumption, World Bank Says Global gas flaring increased to 167 billion cubic metres in 2025, its highest level since 2019, highlighting a growing challenge for energy security and economic development, particularly in Africa, according to the World Bank’s Global Gas Flaring Tracker Report 2026. The report found that gas flaring has risen for the third consecutive year, indicating that efforts to reduce the

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International News Oil

Strait of Hormuz Shipping Rebounds, Easing Fuel Supply Risks for Africa

Record Vessel Traffic in Strait of Hormuz Signals Easing Energy Supply Risks for Africa’s Fuel Importers Shipping activity through the Strait of Hormuz has surged to its highest level since recent conflict disrupted operations in one of the world’s most critical energy corridors, offering potential relief for African economies heavily reliant on imported fuel. According to vessel tracking data from S&P Global Market Intelligence and S&P Global Commodities at Sea, 78 vessels transited the strait

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International Gold News

Ghana Raises Mandatory State Gold Purchases to Strengthen Reserves and Expand Local Value Addition

Ghana Increases Gold Sales to State to 30% as It Builds Reserves and Expands Domestic Refining Strategy Africa’s largest gold producer, Ghana, is increasing the volume of gold that mining companies must sell to the state as part of a broader strategy to strengthen foreign reserves, stabilise the national currency, and retain more value from its mineral resources. From July 1, large-scale mining companies operating in the country will be required to sell 30% of

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International News Oil

Sierra Leone Awards Offshore Exploration Licence to Marginal Energy Limited

Sierra Leone Grants Offshore Oil and Gas Licence to Marginal Energy for 6,800 km² Block Area Sierra Leone has granted an offshore oil and gas exploration and production licence to Nigerian-based Marginal Energy Limited, marking a significant step in the country’s efforts to attract investment into its emerging upstream petroleum sector. The agreement was signed by the Petroleum Directorate of Sierra Leone (PDSL) and covers offshore blocks G-145, G-146, G-147, G-160, and G-161. Collectively, the

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International News Oil

Murphy Oil Strikes New Offshore Discovery in Côte d’Ivoire as Exploration Momentum Builds

Murphy Oil confirms Bubale-1X offshore oil discovery in Côte d’Ivoire, boosting West Africa’s rising production outlook U.S.-based Murphy Oil has announced a new offshore oil discovery in Côte d’Ivoire, reinforcing the country’s growing profile as an emerging hydrocarbon producer in West Africa. The company said its Bubale-1X exploration well in Block CI-709 encountered around 100 feet (approximately 30 metres) of net oil pay across two reservoirs. Early assessments indicate the presence of high-quality light crude,

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Local Economy News Oil

Angola Approves Tax Incentives for High-Risk Offshore Oil Blocks to Boost Investment

Angola grants new tax incentives for Chevron, TotalEnergies and BP oil blocks to attract upstream investment The Angolan government has approved additional tax incentives for four offshore oil blocks in a move aimed at attracting investment into areas considered to carry high operational complexity and significant geological risk. The decision was taken during an extraordinary session of the Council of Ministers held on Monday at the Presidential Palace, chaired by President João Lourenço. The measures

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Local Energy News Oil

Angola Urged to Accelerate Energy Diversification as Oil Production Decline Looms

Angola must invest in electricity exports and prepare for post-oil economy, warns Antonio Costa Silva Former Portuguese Economy Minister António Costa Silva has urged Angola to urgently accelerate economic diversification and prepare for a post-oil future, warning that declining production from mature oil fields could significantly impact the country’s revenues in the coming years. Speaking in Luanda during the presentation of a Deloitte banking sector report, Costa Silva noted that Angola could face an estimated

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International News Oil

Libya Oil Output Hits Highest Level Since 2013, Nears 1.5 Million Barrels Per Day

Libya Crude Production Surges to 1.49 Million Barrels as NOC Targets 1.5 Million and Foreign Oil Firms Return Libya’s oil production has risen to its highest level since 2013, with total crude and condensate output reaching approximately 1.49 million barrels per day. The milestone strengthens the country’s position among Africa’s leading oil producers as international energy companies gradually return to its upstream sector. The National Oil Corporation (NOC) reported output of 1,487,723 barrels per day,

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