The Nigerian National Petroleum Company Limited (NNPCL) says the ongoing conflict in the Middle East is creating fresh commercial opportunities for Nigeria, as global energy markets adjust to disruptions triggered by the war involving Israel, United States and Iran. Speaking at the CERAWeek energy conference in Houston, the company’s Executive Vice President, Olalekan Ogunleye, said Nigeria is witnessing stronger demand for its liquefied natural gas as buyers seek more reliable supply routes. “We are right in the middle of the market. We are 10 sailing days from Europe, close to the Atlantic Basin, and close to Asia,” Ogunleye said. “We…
Author: Montage Africa
By Rédaction Africanews with AP South African anti-graft investigators have arrested 12 senior police officers on allegations of corruption and fraud, prosecutors said Wednesday. The officers appeared later in a court in the capital, Pretoria. National Police Commissioner Fannie Masemola was served with a warrant ordering him to appear in court next month in relation to an investigation into an allegedly corrupt contract to provide health and well-being services to police officers, police spokesperson Brig. Athlenda Mathe said at a court appearance for the other officers. The arrests come while an inquiry continues into allegations of high-ranking corruption in the…
The United Nations General Assembly has voted to recognise the enslavement of Africans during the transatlantic slave trade as “the gravest crime against humanity”, a move advocates hope will pave the way for healing and justice. The resolution – proposed by Ghana – called for this designation, while also urging UN member states to consider apologising for the slave trade and contributing to a reparations fund. It does not mention a specific amount of money. The proposal was adopted with 123 votes in favour and three against – the United States, Israel and Argentina. Fifty-two countries abstained, including the United…
By Allan Juma, Lead Cyber Security Engineer at ESET Kenya’s financial sector operates in one of the most dynamic digital economies in Africa. This economy, according to GSMA, will contribute KSh 662 billion to the gross domestic product by 2028, with growth driven by digitalisation in agriculture, manufacturing, transport and trade. Mobile money platforms, digital lending, online banking and real-time payments have transformed access to financial services. Kenya’s Communications Authority (CA) reports that by the end of June 2025, there were 47.7 million active mobile-money subscriptions, corresponding to a mobile-money penetration rate of 91.0% of the population. Banks have responded…
A former teacher accused of historical sex abuse charges in Scotland has been found guilty of indecently assaulting a former pupil in South Africa. Iain Wares, 86, has been accused of abuse by scores of former pupils of Edinburgh Academy and Fettes College, where he taught in the 1960s and 1970s. Wares now lives in Cape Town, where the high court previously ruled he could be extradited to face trial in Scotland – although this was delayed when authorities submitted further charges. In a separate case, a Cape Town court has found him guilty of indecently assaulting a former student…
By Rédaction Africanews and Agencies Benin’s 2026 presidential campaign hasn’t even started but there’s already a clear favourite: the ruling coalition’s candidate, Romuald Wadagni. The 49-year, who’s served as finance minister for the last 10 years, is President Patrice Talon’s designated successor. With the main opposition candidate barred from running, Wadagni is heavily favoured to win next month’s race for the highest office. At an event in Cotonou on Saturday, he laid out his platform before a crowd of supporters. He highlighted his plans to tackle extreme poverty, and shore up the country’s security. Vowing to do the job with…
Namibia has rejected an application by Elon Musk-owned Starlink for a licence to provide satellite internet services in the country, dealing the company a second setback in southern Africa. The Communications Regulatory Authority of Namibia (Cran) announced the decision without giving reasons for its refusal, but noted that Starlink’s Namibian subsidiary did not have local ownership. Starlink has not yet commented on the decision. It operates in about 25 African countries but has faced regulatory challenges in others, including South Africa, where ownership rules have also blocked its entry. Namibian law requires that at least 51% shares in any telecommunications…
Two university lecturers, Dr Felix Ijeh and Ewere Okonta; and a public relations practitioner, Blaise Udunze have joined the league of regular contributors to The Nigerian Economy Newspaper (https://Economyng.com), as the media platform navigates the crowdy lane to the top. Felix Ijeh, PhD, is a seasoned banker, distinguished economist, researcher and policy analyst. He is currently a senior lecturer at the Department of Economics, Faculty of Management and Social Sciences, Adeyemi Federal University of Education, Ondo. A fellow of the Nigerian Economic Society (FNES), Dr Ijeh was a regional manager of Wema Bank before becoming a lecturer. He writes…
By Rédaction Africanews In São Tomé and Príncipe, a new generation of cocoa producers is at the forefront of restoring degraded ecosystems and enhancing sustainable cocoa production, with support from the Food and Agriculture Organization of the United Nations (FAO). 32-year-old Camila Varela De Carvalho treks to her farm every morning with a bucket and a harvesting tool fashioned from a wooden branch and sharpened edge. Once among the cocoa trees, she clears branches and skilfully picks ripe cocoa pods. Making small incisions, she splits the pods cleanly in two with a practiced twist, a skill honed from the early…
By Rédaction Africanews Kenya Airways says bookings on its flights have surged sharply in recent weeks, as disruptions linked to the conflict in the Middle East reshape global travel patterns. The airline reported that its seat occupancy rate has climbed close to full capacity, a significant rise from levels earlier in the year. Executives say the increase has been driven largely by travellers from Europe, the United States and parts of Asia. The ongoing tensions involving Iran, the United States and Israel have unsettled the aviation sector, forcing several carriers to reroute flights, avoid certain airspaces and, in some cases,…