The National Petroleum Corporation of Namibia (Namcor) has inaugurated its second service station at Ekuku-Oshakati, located in the Oshana region. It’s opening at the edge of the Ekuku and Ehneye road has brought the company’s total number of service stations to nine. “Namcor retail agenda looks at establishing a sufficient network of profitable sites that
The Board of Directors of the African Development Bank has approved a line of credit of €70 million and an equity investment of $24 million, to be granted to the West African Development Bank. The line of credit will support businesses in the West African Economic and Monetary Union, particularly in job-creating sectors such as agribusiness,
The Democratic Republic of Congo’s central bank has failed to account for $530-million that State mining company Gecamines says it paid to the government mostly during former President Joseph Kabila’s final term in office, the nation’s top anti-corruption official said. The disappearance of the so-called tax advances was flagged by Inspector General of Finance Jules Alingete in
The Council of Ministers of the African Petroleum Producers’ Organization (APPO) just ended its 41st Ministerial Session with a resolve to continue the exploitation of its Member Countries’ huge oil and gas resources for the economic emancipation of its people while also exploring the use of renewable energies. The Session which was presided by the President
LUSAKA, (Reuters) – Zambia has increased the price of fuel after removing subsidies on petroleum products to reflect the correct price of the commodity, the energy regulator said on Thursday. The pump price of petrol was increased to 21.16 kwacha ($1.29) per litre from 17.62 per litre while diesel price rose to 20.15 kwacha per
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