After a pause of almost 17 years, Libya is preparing to host a bidding round for oil exploration.The announcement was made in a televised address on Monday by the acting Chairman of the National Oil Corporation (NOC), Masoud Suleman.

The training brought together 25 participants from various sectors and featured expert-led sessions on mining best practices, safety protocols, raw materials management, community engagement, and sustainability initiatives. Participants were also taken on a tour of the Lafarge Ewekoro Quarry, gaining first-hand experience of mining operations and environmental conservation practices.

To address key concerns that have historically deterred international investors, the AfDB announced its plans to launch a new Investment Guarantee Agency, offering a comprehensive coverage against climate, political, equity, and currency risks.

The Egyptian Commercial Service Authority and the Omani Ministry of Commerce, Industry, and Investment Promotion have signed a Memorandum of Understanding (MoU) aimed at advancing investment promotion and export growth.

Nigeria’s Dangote Oil Refinery, the largest in Africa, is set to begin full operations in the next 30 days. Located in Lagos, this 650,000-barrel-per-day refinery was built by Nigerian billionaire Aliko Dangote and aims to transform the country’s energy landscape.

Egypt’s agricultural exports reached $10.6 billion in 2024, reflecting a 17 percent growth rate, according to Prime Minister Mostafa Madbouly during a press conference following the weekly government meeting.

The General Authority for the Suez Canal Economic Zone (SCZone) has successfully secured 251 projects across its industrial zones and ports over the past 30 months, attracting a total investment of $6.23 billion and creating approximately 28,000 job opportunities, according to SCZone Chairman Walid Gamal El-Din.

According to a statement issued by the ministry, the initial 10-year strategic plan aimed to import approximately 148,000 electric automobiles and 48,555 electric buses between 2021 and 2030.

Morocco’s citrus sector is gearing up for a promising season, with an estimated production of 192,300 tons for the 2024-2025 campaign in the Moulouya irrigated area in Berkane province.   Despite challenges posed by climate change, such as recurring droughts and water shortages, the sector remains a vital pillar of the country’s agricultural economy.