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Congo to Launch New Licensing Policy to Attract Oil Investment

Government plans to offer new exploration and exploitation licences Initiative aims to sustain production levels and attract foreign investors The Republic of Congo is set to introduce a new licensing policy aimed at drawing international investors and bolstering its oil and gas sector, the Ministry of Hydrocarbons announced on Friday.

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Africa Guarantee Fund’s $5 Billion Facility to Spur Continental Energy Access

The African Guarantee Fund establishes a $5 billion guarantee facility to accelerate electricity access  Initiative supports AfDB and World Bank’s Mission 300 plan to electrify 300 million people in five years Abuja, Nigeria – The African Guarantee Fund has set up a $5 billion guarantee facility to help the African Development Bank (AfDB) expand electricity access across the continent by

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Angola to Sell 4 Gigawatts

Africa’s Energy Compact Targets Electricity Access for 300 Million

$85 billion plan aims to expand power infrastructure across 12 African nations. Regional power pools seen as vital for stability and clean energy integration. Abuja, Nigeria – Regional power pools are set to play a pivotal role in a new initiative to provide electricity to 300 million more Africans within five years. Backed by the African Development Bank (AfDB) and

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Inflation, Debt, and Growth: Africa’s Economic Outlook for 2025

Afreximbank projects 4.2% GDP growth for Africa in 2025, driven by agriculture and trade Inflation expected to ease in 2025, but external debt remains a challenge Africa’s economy is gearing up for a rebound in 2025, with GDP growth projected at 4.2%, according to the African Export-Import Bank (Afreximbank). From flourishing agriculture to a booming service sector and the transformative

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African Nations Tighten Control Over Mineral Wealth Amid Global Demand

Resource-rich countries introduce laws to claim a greater share of mining profits Investors face regulatory uncertainty as nations push for resource nationalism Abuja, Nigeria – As global demand for Africa’s vast mineral resources surges, several resource-rich countries are asserting greater control over their wealth, passing laws and introducing measures that are unsettling foreign investors.

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BEAC Projects Inflation to Ease to 3% by 2025 After Hitting Three-Year High

Sub-regional inflation reached 5.5% in 2022, nearly double the CEMAC threshold Analysts warn potential fuel subsidy cuts could hinder efforts to curb inflation Yaoundé, Cameroon – The Bank of Central African States (BEAC) expects inflationary pressure in the Central African Economic and Monetary Community (CEMAC) region to ease to the 3% threshold by 2025, marking a significant reduction from the

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Angola to Sell 4 Gigawatts

Angola to Sell 4 Gigawatts of Surplus Electricity to Boost Economy by 2027

Angola plans to export surplus electricity to DR Congo, Zambia, and Namibia Regional Interconnection Project backed by €1 billion aims to support mining sectors Luanda, Angola – The Angolan government is set to launch a new initiative by 2027 aimed at diversifying the country’s economy and attracting additional foreign exchange. Central to this strategy is the planned sale of four

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Republic of Congo

Russia to Build Petroleum Pipeline in Republic of Congo

Russian firm ZNGS Prometey to hold a 90% stake in the joint venture Experts urge African nations to approach Russia with caution amid geopolitical tensions Russia has agreed to construct a petroleum pipeline in the Republic of Congo, connecting the western port city of Pointe-Noire to the capital, Brazzaville. The project will be structured as a joint venture, with Russian

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Africa CDC Faces $224 Million Shortfall in Funding to Combat Monkeypox Outbreak

Africa CDC identifies a $224 million funding gap to tackle the escalating mpox crisis Coordinated efforts aim to curb virus transmission, bolster preparedness, and prevent spread to unaffected regions Yaoundé, Cameroon – The Africa Centres for Disease Control and Prevention (Africa CDC) has announced that an estimated $245 million is required to address the growing monkeypox (mpox) outbreak across the continent.

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