Oil prices in six-week gain, India sounds alarm
Brent oil prices rose on Friday and were set for a sixth straight week of gains, boosted by strong demand, looming sanctions […]
Category: News
IMF to approve $2bn additional payment to Egypt
The International Monetary Fund says it was to approve the payment of a further $2bn of a $12bn loan to Egypt as […]
Nigeria’s Bonny Light crude deliveries delayed, traders say
Shipments of Nigeria’s Bonny Light crude, one of the country’s major sources of oil revenue, are experiencing delays in loading, although the […]
Uganda’s Umeme to Commit $1.2 Billion to Grid Expansion
Ugandan power distributor, Umeme Limited, says it will spend $1.2bn in the next seven years to revamp and expand the grid and […]