Africa ETP News
you are currently viewing::Africa: Nigeria and South Africa Plan to Boost Fossil Fuel Production, Risking Their Climate Change PledgesJanuary 11, 2026--Just 20 countries produce 80% of the world's oil, gas and coal. Since 2019, researchers have released regular reports analysing how these governments plan to continue drilling and mining for fossil fuels -and how those plans diverge from the global climate goal set out in the Paris Agreement, which aims to limit temperature rise to less than 1.5° above pre-industrial levels. The 2025 Production Gap Report found that many of these countries still plan to produce far more fossil fuels by 2030 than is safe for the climate. Scientists Emily Ghosh, Derik Broekhoff, Bathandwa Vazi and Olivier Bois von Kursk were among the co-authors of the report, which found that Nigeria and South Africa - already among the world's largest fossil fuel producers- plan to increase fossil fuel production despite their climate commitments. Source: allafrica.com |
Africa's growth holds firm amid global turbulence, says 2026 African Economic Outlook
May 26, 2026-The continent recorded an estimated average GDP growth of 4.4 percent in 2025, with 22 economies posting rates above 5 percent.
In 2026, Africa is projected to grow at 4.2 percent, despite heightened geopolitical tensions and global supply shocks.
Central Africa is expected to see growth rising to 3.8 percent in 2026 from 3.6 percent in 2025, buoyed by sustained high oil prices
Zimbabwe- a tale of two African stock exchanges
June 15, 2026-The Victoria Falls Stock Exchange (VFEX) is positioning itself as a gateway to international capital entering Zimbabwe and other southern African markets. Will it take liquidity away from parent company the Zimbabwe Stock Exchange (ZSE), or are the two bourses complementary?
