Africa StreaM

[This Day] The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has confirmed that Nigeria has drawn the first $1.5 billion under its $5 billion financing arrangement with First Abu Dhabi Bank (FAB), explaining that the government deliberately structured the facility to reduce borrowing costs by accessing funds only when required.

[Nyasa Times] Pan African Mining Limited has strongly refuted reports circulating on some media platforms and social media claiming that it exported 2.5 tonnes of granite from Malawi to India, clarifying that only 67 kilograms of carefully prepared composite exploration samples were legally sent abroad for specialised scientific analysis.

[Vanguard] LAGOS -- The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure petroleum marketers do not exploit Nigerians through excessive pricing under the deregulated downstream petroleum market.

[Vanguard] The Anambra State Police Command has taken 36 persons into custody over alleged involvement in child labour, street hawking and related forms of child exploitation.

[Vanguard] The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure that petroleum marketers do not exploit Nigerians through excessive pricing under the deregulated downstream market.

[New Times] Rwanda and Kenya have signed a memorandum of understanding (MoU) to facilitate the importation of refined petroleum products into Rwanda through the Northern Corridor transit route.

[Namibian] While digitisation offers immense promise for Namibia's oil and gas sector, its success depends on the country's ability to overcome critical challenges.

[Namibian] Lawyer Richard Metcalfe says Starlink can still challenge Cran's rejection of its licence application in the High Court through review proceedings and condonation.

[Namibian] Namibia may be keeping inflation under control, but a new global ranking shows that the country is struggling to compete with other economies because of problems affecting businesses, investment and economic growth.

[ENA] Addis Ababa -- Ethiopia has advanced discussions on its National Electrification Program (NEP 3.0), bringing together government institutions, development partners, the private sector, and international stakeholders.

[ENA] Addis Ababa -- Ethiopia and Italy have today signed a €70 million concessional budget support loan to be utilized for the third Development Policy Operation (DPO3), which will be aligned with financing to be obtained from the World Bank.

[Capital FM] Nairobi -- Deputy Party Leader Rigathi Gachagua has expanded his political outreach to the Coast region, while accusing President William Ruto's administration of sidelining local communities.

[Daily News] Arusha -- THE Government has called for increased investment in climate science, advanced technologies and stronger international collaboration to improve operational climate prediction and early warning systems.

[263Chat] Harare Mayor Jacob Mafume says the city's new smart traffic management system will improve the enforcement of traffic laws by using technology to identify offenders and issue fines directly to motorists.

[GroundUp] Xenophobia is "intended to distract attention from the abject failures of government" says COSATU's Malvern de Bruyn

[This Day] Abuja -- Nigerians continued to contend with elevated energy costs in May as the prices of the country's three major fuels remained substantially higher than they were a year earlier, with diesel recording the sharpest annual increase of 86.4 per cent.

[Capital FM] Nairobi -- Kenya Electricity Generating Company, (KenGen), has strategically recalibrated its long-term growth ambitions, expanding its renewable energy development pipeline to 5,500MW from the 1,500MW target set under its 10-year G2G 2034 Corporate Strategy, following significant changes in the operating environment and emerging investment opportunities.