Energy

Mauritania
Texas-based Murphy Oil expands offshore push

With the approval of Mauritanian president Mohamed Ould Ghazouani, the US junior chaired and led by Eric Hambly will become operator of block C10 in the coming days.

Nigeria
Norwegian junior PetroNor lines up exit from Aje field as Congo probe casts shadow

PetroNor, which is aiming to divest its Nigerian assets as quickly as possible, hopes that legal proceedings involving one of its subsidiaries in Congo will not derail the process.

Africa
Driven by Lomé, the African Political Alliance keeps expanding

After devoting the third edition of its Extraordinary Ministerial Conference to relations between Africa and the Middle East, the APA is already preparing its next gathering to be held in Angola in 2027, as it seeks to strengthen its weight in the world's major geopolitical debates.

Morocco
Forafric sale revived after Alj, Elbaz and Crédit Agricole strike deal

The sale of the milling giant to Cap Holding is back on track after a three-way settlement resolved the legal dispute that had threatened to derail the transaction.

Cameroon
Electricity corporation Socadel launches an ambitious debt refinancing plan

The Cameroonian electricity company hopes to raise almost 200bn FCFA on the market by the end of the year.

Morocco
Spanish firms Acciona and Cox Energy battle it out over Tangiers desalination station

Planned to begin operations in late 2028 or early 2029, the desalination plant aims to produce 150 million cubic metres of drinking water per year.

Congo
Swiss trader Mercuria struggles with Marine XI licence

The energy and commodity group continues to lend substantial sums to the state-owned oil company in exchange for the marketing of crude oil. Meanwhile, activity on its own block remains minimal.

Morocco
Dolidol and Jet Energy set to enter the stock market

Following the listing of the pharmaceutical group T2S this month, the Casablanca Stock Exchange could soon see more companies go public. Several applications are currently under consideration by the kingdom's financial market regulator.

Zambia
Frank Garcia to discuss Lusaka case during visit to Abidjan

Donald Trump's new secretary of state for African affairs is due to hold talks with Zambian representatives in the Ivorian city. The initiative aims to ease tensions between Washington and the southern African country over a health deal involving mining concessions.

Zambia
Serbian agribusiness group FPM plots southern African expansion

With support from players as diverse as the Zambian armed forces, the Serbian diplomatic corps and an Israeli agribusiness company, equipment manufacturer FPM Agromehanika is looking to become an alternative in a market dominated by South Africa.

Morocco
The businessman driving closer commercial ties between Rabat and Seoul

With negotiations towards an economic partnership in advanced stages, South Korean companies eyeing the kingdom are increasingly relying on the advice of a compatriot with deep knowledge of its business landscape.

Nigeria
Trio of traders turns to courts to maintain fuel imports

With businessman Aliko Dangote seeking to get the purchase of refined products abroad banned, three of the country's leading importers are taking legal action in hopes of compelling regulators to issue new licences.

The New Guard
Nigeria, Ethiopia, Kenya

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

NigeriaWale Gbadamosi-Oyekanmi, architect of new Paris-Lagos cultural link

EthiopiaAklilu Tadesse, a state minister with continental ambitions

KenyaKrysteen Savane, a champion of the arts between Nairobi and the French capital

Kenya
Ruto shelves diaspora bond proposal amid fears of political meddling

Prime Minister Musalia Mudavadi, who proposed the measure, failed to convince the president's influential economic advisers of the merits of launching a loan scheme aimed at Kenyans living abroad.