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Aliko Dangote, Africas richest man, plans to spend more than his net worth of $13.5 billion building one of the worlds biggest oil refineries. Photographer: Tom Saater/Bloomberg via Getty Images
ALIKO DANGOTE

New refinery may transform Nigerian economy, if it gets enough oil

When it comes to oil projects, the country already boasts a herd of white elephants

  • Adebayo Abdulrahman
  • Ope Adetayo
4 min read
Food prices jumped by 50% from September 2020 to September 2024 (Dwayne Senior/Bloomberg via Getty Images)
ABSA

Manufacturing output down 5.2% in February, says Stats SA

The report shows the production of food and beverages was the biggest contributor to the decrease in factory output

  • Anathi Madubela
2 min read
The South African Petroleum Refineries, which boasted 35% of the country’s crude oil-refining capacity, announced that production had stopped at the end of March. Photo: ALEXANDER JOE/AFP via Getty Images)
AFRICA

Africa low on refineries, including oil-producer Nigeria

Because of their lack of oil refineries, African countries become vulnerable to fluctuations on global markets

  • Anathi Madubela
7 min read
A woman waves a Canadian flag during the Convoy for Canada protest on Parliament Hill in Ottawa, Ontario, on February 19, 2019. – A convoy of big trucks from Canada’s oil producing regions rolled into the capital Tuesday as hundreds of people including “yellow vest” activists rallied in protest at government curbs on pipeline construction. Parked outside parliament, they honked horns and waved placards reading “Canadians need pipelines and good paying jobs,” as they pressed for new regulations allowing the industry to expand.”This country was built on natural resources,” Ottawa area farmer and former politician Jack MacLaren told a cheering crowd. (LARS HAGBERG/AFP via Getty Images)
BOTSWANA

Canada’s flag flutters over crude oil exploration in the Namibia, Botswana Kavango Basin

The oil and gas lies under wild and beautiful land that is critical for providing millions of people with drinking water and livelihoods, and is home to endangered wildlife

  • Tzeporah Berman and Ina-Maria Shikongo
6 min read
Growth was supported by increases in eight of 10 key industries, with major contributions coming from mining, manufacturing, trade and agriculture, while declines were reported in the transport and construction sectors. (David Harrison)
CHEMICAL PRODUCTS

July manufacturing output hit by Covid-19 third wave and unrest

In mid-July, supply chains and industrial output were disrupted when parts of the country were rocked by looting, triggered by protests against Zuma’s incarceration

  • Anathi Madubela
2 min read