Nigeria’s Dangote Refinery, one of the largest privately-owned oil refineries in Africa, has reached an impressive 85% of its refining capacity, signaling significant progress towards full-scale operations. This milestone was confirmed by Edwin Devakumar, the head of the refinery, who stated that the facility is now refining 550,000 barrels per day (bpd) of crude oil. The refinery, which is capable of processing 650,000 bpd, is expected to deliver European-standard refined products by January, further solidifying its position as a major player in the global oil refining market.
Day: January 6, 2025
Kenya Airways Resumes Trading After Suspension: A New Chapter for the National Carrier
Kenya Airways PLC, the country’s national carrier and one of Africa’s largest airlines, has seen a significant turn in its fortunes as the Nairobi Securities Exchange (NSE) lifted the suspension on its trading shares. This decision marks a major milestone for the airline, as it comes after a period of turbulence in both its operations and financial performance. The suspension, which had been in place since 2020, was lifted on January 6, 2025, following a positive shift in the airline’s performance and the withdrawal of the National Aviation Management Bill of 2020, a piece of legislation that had proposed the renationalization of the airline.
The Challenges and Opportunities of Open Cast Mining in Namibia During the Rainy Season
Open cast mining in Namibia plays a crucial role in the country’s economy but faces significant challenges, especially during the rainy season. The impact of heavy rains exacerbates environmental, safety, and operational concerns, such as soil erosion, water contamination, and flooding in mining pits. These issues are compounded by the financial burden of adhering to environmental regulations and maintaining infrastructure in remote areas. Despite these challenges, opportunities for growth exist through technological advancements, such as automated water pumping systems, and government incentives that support exploration and investment. The sector also stands to benefit from beneficiation, which allows for higher market prices by refining minerals before export. By leveraging innovation and collaboration, Namibia’s mining sector can overcome seasonal adversities and achieve sustainable growth.