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Kenya: Dangote Picks Lamu for Sh2.2tn Oil Refinery Project/in /by
[Capital FM] Nairobi -- Africa's richest man, Aliko Dangote, has selected Kenya's Lamu County as the preferred location for a proposed Sh2.2 trillion oil refinery, a project that could significantly reshape East Africa's petroleum industry.
Nigeria: Dangote to Finance 700,000bpd Kenya Refinery With IPO, Bonds/in /by
[Leadership] Dangote Group, has unveiled plans to finance the construction of a proposed 700,000 barrels-per-day (bpd) oil refinery in Kenya through a combination of internally generated cash, bond issuance and proceeds from a planned Initial Public Offering (IPO), as it deepens its footprint in Africa's downstream oil sector.
Nigeria: ARCO Oil & Gas Boss Urges Nigeria to Abandon Oil Dependence for Knowledge Economy/in /by
[This Day] Founder of ARCO Group Plc, Alfred Okoigun, has called on Nigeria to urgently shift its development strategy from dependence on oil and other natural resources to a knowledge-driven economy.
Rwanda: Rwanda Set for Howo Truck Assembly As Sinotruk Unveils Electric Vehicle Plans/in /by
[New Times] Asia Machinery Investments Ltd, the official distributor and future assembler of Sinotruk (HOWO) vehicles in Rwanda, has unveiled a new generation of HOWO trucks while announcing plans to establish a local truck assembly plant and introduce electric trucks.
Rwanda: New Petroleum Deals ‘Advance Rwanda’s Ambitions As Regional Hub’/in /by
[New Times] Rwanda is expected to receive its first shipment of petroleum products sourced from Oman under new government-to-government supply agreements with Kenya and Tanzania in early August, a development the Minister of Trade and Industry, Antoine-Marie Kajangwe, says will strengthen the country's fuel security and support its ambition to become a regional petroleum distribution hub.
Uganda: East African Crude Oil Pipeline Now Beyond 90% Completion/in /by
[Independent (Kampala)] The project, however, remains the subject of criticism from environmental organisations, which have raised concerns about its ecological and climate impacts
Nigeria: When Will Falling Crude Deliver Cheaper Petrol?/in /by
[This Day] Crude prices have fallen. So why is petrol still expensive? Consumers demand relief, while marketers insist on sustainable margins, reports Festus Akanbi
Nigeria: Fashola – Lagos Deliberately Discounted Price of Land to Attract Dangote Refinery Project/in /by
[This Day] A former Governor of Lagos State, Mr. Babatunde Fashola (SAN), has revealed that the state government deliberately discounted the price of land allocated to the Dangote Group to ensure that the multi-billion-dollar refinery project remained in Lagos.
Nigeria: Fire Breaks Out At Fuel Terminal in Lagos/in /by
[Premium Times] The incident occurred at the fuel terminal located along the Apapa-Oworonshoki Expressway, although authorities had yet to determine the cause of the fire as of the time of filing this report.
Namibia: National Energy Fund Nearly Drained After N$1.3bn Fuel Bailout/in /by
[Namibian] The National Energy Fund has nearly run dry after the government spent N$1.3 billion in two months to shield motorists from rising fuel prices.