[ad_1] Kampala, Uganda — Insurance coverage leaders throughout Africa are warning of a possible financial slowdown as surging world petroleum costs ripple by way of key sectors, driving up working prices, inflation and monetary dangers due to the US-Israel struggle towards Iran, which started on Feb. 28. Talking on the eleventh Continental Reinsurance CEO Summit…
[ad_1] African Export-Import Financial institution (Afreximbank) is happy to announce that it has underwritten US$2.5 billion within the US$4-billion senior syndicated time period mortgage in favour of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP). Afreximbank and Entry Financial institution had been appointed co-Mandated Lead Arrangers for the five-year facility to consolidate present financing, optimise its…
[ad_1] Pretoria -The Division of Mineral and Petroleum Sources has moved to allay fears of a potential gas scarcity arising from the continued battle within the Center East. The U.S.-Israeli assaults on Iran, now of their second week, have severely disrupted world vitality provides by successfully closing the Strait of Hormuz and damaging regional oil…
[ad_1] This picture taken on Dec. 29, 2023, reveals the Dar es Salaam port at dawn in Dar es Salaam, Tanzania. (Xinhua/Wang Guansen) Tanzania will host the eleventh East African Petroleum Convention and Exhibition within the port metropolis of Dar es Salaam from March 5 to 7, 2025. ARUSHA, Tanzania, June 10 (Xinhua) — Tanzania…
