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Central Africa
West Africa
Eastern Africa and the Horn
Southern Africa and islands
North Africa

Spotlight | Africa
Dubai traders Coral Energy and Demex in Washington's sights over sale of Russian oil

An oil terminal in the Black Sea port of Novorossiisk, Russia, May 2018. © Natalya Chumakova/Reuters

The US Office of Foreign Assets Control is investigating several trading firms suspected of selling Russian oil at a price above a cap set by the United States and its allies. They include Demex Trading and Coral Energy, which are particularly involved in Africa.

Subscribers only Energy

Central Africa

Cameroon
Mbalam-Nabeba iron: Ngoh Ngoh and Esso rivalry lies behind obstructed arbitration

The arbitration proceedings at the ICC between Cameroon and Australia's Sundance over the Mbalam-Nabeba iron ore deposit continue to stall, with the former's justice minister not acting upon the secretary general of the president's office's instructions.

Subscribers only Mining

Central African Republic
Foreign diamond dealers finally free after costly ordeal

Two Franco-Algerian nationals who were detained in June were released from prison last month. They claim to have lost several million dollars.

Subscribers only Politics

West Africa

Nigeria
Nigerian Air Force chief travels to Italy to test Leonardo's aircraft

Last week, a technical delegation was sent by the Nigerian Air Force to Milan, Italy to visit defence manufacturer Leonardo's factories.

Subscribers only Defence

Ivory Coast
Prosuma's bubbles burst as it loses champagne and spirits distribution

The Prosuma group, controlled by the Kassam and Fakhry families, will no longer be distributing champagnes and spirits in Ivory Coast.

Subscribers only Business

Eastern Africa and the Horn

Somaliland
Ethiopia deal looms large over presidential poll

The memorandum of understanding signed earlier this year by Hargeisa and Addis Ababa is playing a major role in the battle between re-election hopeful Muse Bihi and his main rival Abdirahman Mohamed Abdullahi. The result of next month's poll will seal the fate of the MoU.

Subscribers only Politics

Southern Africa and islands

Mozambique, Rwanda
Cabo Delgado: EU set to grant €20m aid to Rwandan forces

The deadlock in talks in Brussels between the European Union and Rwanda has been broken after the African country agreed to ensure that EU funds are used exclusively to finance its operations in northern Mozambique.

Subscribers only Defence, Energy

South Africa
Washington in talks with Pretoria over uranium procurement

Officials from Pretoria's Department of Energy have begun informal talks with diplomats at the US embassy. The discussions could lead to a long-term contract for the sale of South African uranium to Washington.

Subscribers only Mining, Commodity traders

North Africa

Morocco
Fouzi Lekjâa tackles 2030 Football World Cup

The president of the Moroccan Football Federation, Fouzi Lekjaa, in Oeiras, Portugal, 19 March 2024. © Jose Sena Goulao/EPA via MaxPPP

Security, telecommunications, currency and visitor flows: these are some of the challenges facing the budget minister-cum-Moroccan football federation boss. He is coordinating several agencies and ministries to ensure the success of the largest sporting event the Kingdom has ever hosted.

Subscribers only Defence, Business

Egypt
Cairo and Moscow agree wheat supply to April 2025

Egypt, the world's largest wheat importer, has signed a direct contract with a Russian supplier for more than 3 million tonnes of wheat over six months. Russia's United Grain Co is expected to be involved.

Subscribers only Commodity traders

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