Entries by AllAfrica News: Petroleum

Nigeria: Renew Capital Launches Venture Lab to Back African Fintech Founders /in /by

[Daba Finance] Renew Capital has launched a new programme to support startups building financial products for small businesses. The initiative, called the Renew Venture Lab: EmFi Series, aims to identify and fund founders developing credit solutions ac...

Africa: Dangote Plans to Sell About 10 Percent of Refinery in IPO Across Africa /in /by

[Daba Finance] Aliko Dangote plans to sell about 10% of Dangote Petroleum Refinery and Petrochemicals in a multi-exchange listing across Africa, targeting 2026. The offer is part of a plan to raise capital for expansion and increase participation in re...

West Africa: Nigeria Inflation Hits Two-Decade High As Fuel Costs Surge /in /by

[Daba Finance] Nigeria's monthly inflation rate rose to a more than two-decade high in March, driven by higher fuel costs linked to global energy tensions. Consumer prices increased 4.2% month-on-month, up from 2% in February, while annual inflation ro...

Nigeria: Dangote Refinery Eyes Crude Production As Upstream Project Records First Output /in /by

[Premium Times] The move by the Dangote refinery could strengthen crude supply to its 650,000 barrels-per-day refinery and deepen vertical integration.

Kenya: 11 Arrested As Police Break Up Fuel Price Protests in Nairobi CBD /in /by

[Capital FM] Nairobi -- Activist Julius Kamau was among eleven protesters arrested in Nairobi's central business district on Tuesday as police moved to disperse small pockets of demonstrations over rising fuel prices.

Malawi: Fuel Crisis Turns Critical – Malawi Runs Dry As Government Admits Empty Reserves and Cash Shortage /in /by

[Nyasa Times] Malawi is facing a deepening national crisis after government spokesperson Shadric Namalomba admitted that the country has completely run out of fuel reserves, exposing the severity of the ongoing shortage.

Rwanda: Rising Oil Shocks Demand a Culture of Frugality /in /by

[New Times] As global tensions in the Middle East disrupt petroleum supply chains, Rwanda is already feeling the strain through rising fuel prices and a higher cost of living.

Nigeria: Dangote Refinery to Begin Large-Scale Production of High-Margin Chemicals /in /by

[This Day] The Dangote Group is deepening its push into higher-value petrochemicals, with its refinery in Lekki, Lagos set to begin large-scale production of key industrial chemicals, including the ones for plastics and detergents.

Uganda: Fuel Prices in Kabale Rise As Dealers Blame Middle East Conflict for Supply Shock /in /by

[Nile Post] Fuel dealers in Kabale District have attributed the recent rise in fuel prices to the ongoing geopolitical tensions involving the United States, Israel, and Iran, saying the conflict has disrupted global oil markets and pushed up import costs.