Day: May 6, 2026

Ghana signs gas deal with Eni, others to increase production at OCTP by 2028

Mr Mohammed

Ghana has signed a key term sheet agreement to expand its domestic gas capacity. The deal which brings together Eni Ghana E&P, Vitol Upstream Ghana Limited and the Ghana National Petroleum Corporation (GNPC) is to advance the next phase of the Offshore Cape Three Points (OCTP) project. The agreement signed on Tuesday May 5, 2026 by the Minister of Energy and Green Transition, John Jinapor formalises commercial principles for the proposed Non-Associated Gas (NAG) Upgrade Project and marks a transition from earlier strategic intent to execution-focused planning. Eni serves as…

It costs more to ship from Lagos port to Accra than from Spain to Lagos – Dangote

Mr Mohammed

Africa’s richest man, Aliko Dangote, has said it is often more expensive to ship goods from Lagos to Accra than from Spain to Nigeria. Aliko Dangote says that shipping within Africa, such as from Lagos to Accra, is often more expensive than shipping from Europe to Africa. He points to structural barriers like weak transport systems and fragmented trade corridors as obstacles to intra-African commerce and economic integration. His Dangote Group operates in 17 African countries, dominating cement production and expanding with significant investments in cement, oil refining, and fertiliser…

Air Ghana acquires Boeing 737 Freighter to strengthen regional trade

Mr Mohammed

Air Ghana has acquired a Boeing 737-400 freighter, which landed in Ghana on Tuesday, May 5, marking a significant boost to the country’s air cargo capacity. The arrival of the aircraft is expected to enhance cargo transport services, improve delivery timelines, and support trade within Ghana and across the West African sub-region The aircraft acquisition forms part of Air Ghana’s strategy to enhance cargo transport services and facilitate trade within Ghana and across the West African sub-region. Chief Executive Officer of Air Ghana, Karim Traboulsi, earlier said the addition of the freighter…

Mozambique signals move to join Africa’s mining revolution with 15% state stake and export ban

Mr Mohammed

Mozambique is moving to tighten control over its vast mineral wealth, proposing sweeping reforms that will grant the state a minimum 15% stake in all mining projects while banning the export of unprocessed minerals. Mozambique plans sweeping mining law reforms to give the state at least a 15% stake in all projects and ban the export of unprocessed minerals. The reforms aim to increase state participation, encourage local mineral processing, and ensure more value remains in the country. New rules will overhaul licensing, require 10% of mining revenues for local…