Release The Johannesburg Stock Exchange (JSE) launched the first currency futures which track the exchange rate between the Rand and select African currencies. The JSE listed three new currency futures contracts which track the exchange rate between the Rand and the Zambian Kwacha, Kenyan Shilling and Nigerian Naira. Currency futures allow investors as well as […]

Kosmos Energy is expanding its Africa footprint with the addition of a stake in Senegal. The company is on the verge of signing a farm-in agreement with Petrosen and Timis Corp. for a 60% stake in the Cayar and St. Louis offshore blocks. According to a document seen by Reuters, under the farm-in agreement Kosmos […]

Nigeria’s refineries have long been known to operate well below installed capacity, and a new report from the Nigerian National Petroleum Corp. (NNPC) shows that the country’s downstream sector is still struggling. The new report shows that the country’s refineries operated under 11% of their combined nameplate capacity of 445,000 bpd in June. At the […]