 Business & Macro🇳🇬 Nigerian petrol retailers called on oil regulators and the consumer protection agency to intervene in the market, describing a recent price slash by the Dangote Refinery as a threat to their ability to “stay afloat and liquid.” 🇬🇭 Ghana will implement spending cuts this year as the economy remains in “severe distress,” Finance Minister Cassiel Ato Forson said. Climate & Energy🇿🇦 South African electricity trader Powerx agreed a deal with Emirati renewable energy producer Yellow Door Energy to buy the entire 57.5 gigawatt hours annual output from a solar plant to be built by the UAE firm in South Africa. Geopolitics & Policy🇦🇴 Angola plans to act as a mediator between DR Congo and the M23 rebel group, its president’s office said, following a recent trip by Congolese President Felix Tshisekedi to Luanda. 🇨🇮 🇬🇭 Côte d’Ivoire and Ghana agreed to carry out joint patrols along their shared maritime boundary, accepting a resolution by the International Tribunal for the Law of the Sea over a contested oil-rich region. Tech & Deals🇿🇦 British digital bank Revolut is exploring opening operations in South Africa though the company remains “quite early in the process.” 🇰🇪 Kenyan automaker Mobius Motors has been acquired by Silver Box, an investment firm in the Middle East. Mobius had announced a shutdown of operations last August. |