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 in…
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 capital…
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 infrastructure….
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 will…