Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Nigeria, Angola lead Africa’s $100bn refining expansion – OPEC

Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash
Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash

Ahmed Boulor

Ahmed Boulor is a Nigerian journalist who is versed in covering content regarding political economy, business, tech and energy markets
  • Africa to add 1.2 million bpd of refining capacity by 2030, led by Nigeria
  • OPEC projects $100 billion in refinery investments needed by 2050

 

Africa is on track to deliver one of the world’s fastest downstream expansions by 2030, adding 1.2 million barrels per day (bpd) of refining capacity, according to OPEC’s 2025 World Oil Outlook.

Sign Up To Our Free Newsletter

Recent Business

Man pushing truck with gallons of water in Benin. Photo by Dananjaya Nugraha @ Unsplash
IMF revises Benin debt to 60.5% of GDP after reclassification
27/02/2026
1 day ago
Brandon Orion Mensah
Read More »
Africa map @ Unsplash
How Gulf capital is reshaping African sovereign bonds
27/02/2026
1 day ago
Kent Mensah
Read More »
Busy street of Nigeria. Photo Muhammad Ibrahim @ Unsplash
Nigeria bond yields fall below 16% as investor demand surges
27/02/2026
1 day ago
Dulue Mbachu
Read More »
Custom Research

Recent Politics

Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
26/02/2026
2 days ago
Wanderi Kamau
Read More »
A cheerful Kenyan citizen at a public celebration. Photo: @ William Ruto/Facebook
Why is Kenya on full campaign mode one year to 2027 elections?
20/02/2026
1 week ago
Wanderi Kamau
Read More »
Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Why are Nigerians protesting electoral reforms ahead of 2027 polls?
18/02/2026
1 week ago
Dulue Mbachu
Read More »

Latest Posts

Latest news insights

Man pushing truck with gallons of water in Benin. Photo by Dananjaya Nugraha @ Unsplash
Read More »
IMF revises Benin debt to 60.5% of GDP after reclassification
Africa map @ Unsplash
Read More »
How Gulf capital is reshaping African sovereign bonds
Busy street of Nigeria. Photo Muhammad Ibrahim @ Unsplash
Read More »
Nigeria bond yields fall below 16% as investor demand surges
Langstrand, Namibia. Photo by Grant Durr @ Unsplash
Read More »
Namibia debt climbs to 65% of GDP as falling diamond revenue tests confidence
Africa map @ Unsplash
Read More »
How Gulf capital is reshaping African sovereign bonds
Busy street of Nigeria. Photo Muhammad Ibrahim @ Unsplash
Read More »
Nigeria bond yields fall below 16% as investor demand surges
Langstrand, Namibia. Photo by Grant Durr @ Unsplash
Read More »
Namibia debt climbs to 65% of GDP as falling diamond revenue tests confidence
Gold bars. Photo by Zlaťáky @ Unsplash
Read More »
Congo’s central bank turns to artisanal gold to defend franc
Busy street of Nigeria. Photo Muhammad Ibrahim @ Unsplash
Read More »
Nigeria bond yields fall below 16% as investor demand surges
Langstrand, Namibia. Photo by Grant Durr @ Unsplash
Read More »
Namibia debt climbs to 65% of GDP as falling diamond revenue tests confidence
Gold bars. Photo by Zlaťáky @ Unsplash
Read More »
Congo’s central bank turns to artisanal gold to defend franc
Busy street of Accra, Ghana. Photo by Jozua Douglas @ Pixabay
Read More »
Ghana banking stocks power 50% surge as regulatory tightening reshapes equity market