Afreximbank launches US$3 Billion Revolving Intra-African Oil Import Financing Programme

To address Africa’s persistent reliance on imported refined petroleum products, which accounted for an amount of US$30billion annually in petroleum import costs due to inadequate refining, African Export-Import Bank (Afreximbank) … Read More

Sicuro Group Expands Footprint with Acquisition of John Andrews Risk Management

New partnership creates a comprehensive security solutions provider across 16 East African nations. Sicuro Group announced the acquisition of John Andrews Risk Management (JARM), a leading Kenyan security firm, establishing … Read More

MOZAMBIQUE: Coral Norte FLNG Project Development Plan Approved

The Government has during the 11th session of the Council of Ministers approved the Development Plan for the Coral Norte FLNG Project. This is a crucial step towards the implementation … Read More

Kenya to Launch its First Licensing Round by September 2025

Kenya has said that it will launch its First Licensing Round set by September 2025 after it restructured its petroleum exploration blocks to align with global best practices and its … Read More

UGANDA/ TANZANIA: EACOP Announces the Closing of the First Financing Tranche for the East African Crude Oil Pipeline Project

EACOP Ltd., the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania, is pleased … Read More

Uganda Secures Mega Oil Refinery Deal With Alpha MBM Investments

On Saturday, 29th March 2025, Uganda signed a historic oil refinery agreement with Alpha MBM Investments LLC, a UAE-based firm, paving the way for the construction of a 60,000-barrel-per-day crude … Read More

UGANDA: EACOP Conducts Orbital Trainings at Uganda Industrial Research Institute

EACOP together with its tier One Contractor for Line Pipe- Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (PCK) through their National Content implementing partner in Uganda, Avanti … Read More

TANZANIA: Award of the EPC Contract for the Ntorya to Madimba Pipeline Expected Soon

Aminex reports that the process for the award of the Ntorya to Madimba Pipeline EPC contract is almost complete and the company expects to receive further news from the TPDC … Read More