Latest News - Shore Africa

Carrefour supermarket portfolio acquisition

Supermarket Income REIT buys $142.8 million Carrefour stores in France

Feyisayo Ajayi November 14, 2025

Oprah Winfrey to close South Africa girls school after nearly two decades

Oprah Winfrey to close South Africa girls school after nearly two decades

Oluwatosin Alao July 30, 2026

First HoldCo leans on trading gains, lower loan losses as core income weakens in H1 2026

Feyisayo Ajayi August 1, 2026

South Africa’s BPESA launches guide to boost jobs in global services sector

South Africa’s BPESA launches guide to boost jobs in global services sector

Oluwatosin Alao August 8, 2026

Technology

Ecobank Transnational Incorporated

Business Hot News

Finnfund invests $15 million in Ecobank nature bond for African agriculture

Finnfund invests $15 million in Ecobank Nature Bond to fund sustainable agriculture, biodiversity and water…

Timilehin Adejumobi May 25, 2026

Ethiopian Electric Power (EEP)

Luxury Hot News Tourism

Ethiopia restarts $445 million plan for Africa’s tallest tower

May 20, 2025

Tourism Hot News

Africa’s beauty: Four destinations on world’s top list

April 18, 2025

NMB Bank Plc

Hot News Business

Tanzania’s biggest bank, NMB, sees $100 million market value increase in first 25 days of 2025

January 26, 2025

Sandton Sun & Towers – Johannesburg 1

Luxury Hot News

Sandton Sun & Towers: Johannesburg’s premier luxury hotel reimagined

May 30, 2025

Kamaru Usman

Sports Hot News

Usman ends UFC losing streak, beats Buckley in comeback fight

June 15, 2025

Latest News

Bernard Antwi Boasiako

Entrepreneurs Latest

Ghanaian businessman Bernard Boasiako faces fresh charges over $1.2 million Exim Bank fraud

Ghanaian businessman Bernard Boasiako faces fresh charges over alleged GHC14 million ($2.6 million) Exim Bank fraud and GHC30 million ($2.6 million) state financial loss.

Feyisayo Ajayi September 22, 2026

Nigeria LNG Ltd. (NLNG) plans to start operations at its $10 billion Train 7 project by the end of 2027, as the liquefied natural gas producer works to expand output and address persistent constraints on gas supply. Managing Director Adeleye Falade disclosed the target to reporters on the sidelines of the Gastech conference in Bangkok. The project, located on Bonny Island in Nigeria, is designed to increase NLNG’s production capacity to 30 million metric tons a year from 22 million metric tons. Train 7 has faced repeated delays, including setbacks linked to the COVID-19 pandemic and the war in Ukraine. The latest target puts the project on a path toward completion as Nigeria seeks to increase its LNG production capacity. Gas supply remains key constraint NLNG remains under a force majeure declared in 2022 after widespread flooding disrupted its gas supply, Falade said at the conference. The company expects to lift the force majeure once plant utilization reaches 90 percent. NLNG is currently operating at between 82 percent and 83 percent utilization, according to Falade. “We still have a delta of about 15 percent that we need to close,” he said. “Operationally, we are able to do that, but our biggest constraint is gas supply, and we're working with all the relevant people, including the government, to be able to get more gas to flow into the plant.” The comments highlight the importance of securing additional feed gas as NLNG works to raise production and meet its existing commitments. The company is focused on fulfilling its contractual obligations to buyers while seeking to maximize available production, Falade said. Buyers seek more LNG Interest in additional LNG volumes and spot cargoes has increased following disruptions to exports through the Strait of Hormuz during the Iran war, Falade said. “People are looking at more diversified, reliable sources of supply,” he said. The increased interest comes as buyers seek alternative sources of LNG amid disruptions affecting established supply routes. For NLNG, the priority remains its existing customer commitments while making use of additional production capacity where available. “Our priority currently is to continue to make sure that we fulfil our obligations to our existing customers and maximize as much production opportunity as possible that we have,” Falade said. Ownership and expansion NLNG is majority-owned by the Nigerian National Petroleum Company, with foreign partners including Shell, TotalEnergies and Eni. The Train 7 expansion is expected to raise the company’s nameplate capacity by 8 million metric tons a year, taking total capacity from 22 million metric tons to 30 million metric tons. For NLNG, the expansion comes alongside efforts to improve utilization at its existing facilities. The company’s ability to increase output remains tied to the availability of sufficient gas supplies, according to Falade. The end-2027 startup target therefore places both the completion of Train 7 and continued improvement in gas supply at the center of NLNG’s plans to increase LNG production.

Business Hot News

Nigeria’s $10 billion LNG expansion targets late 2027 launch on Bonny Island

Omokolade Ajayi September 16, 2026

OCI Global

Business Hot News

OCI Global weighs $4.7 cash offer as Orascom deal standoff deepens

Feyisayo Ajayi June 25, 2026

OLAM Agri

Business Hot News

Olam Agri to invest $2 million in 20,000 African bakers by 2030

Feyisayo Ajayi September 17, 2026

Guests receive a $150 resort credit per stay, plus daily dining and specialty restaurant perks.

Sheraton Maldives unveils endless summer luxury escape deal

Oluwatosin Alao January 17, 2026

Botswana signs Oman energy, mining deals to cut diamond reliance

Business Technology

Botswana, Oman strike energy, mining deals to boost Africa ties

Oluwatosin Alao April 14, 2026

Hassan Allam EBRD loan

Hot News Business

What $25 million EBRD loan means for Hassan Allam’s expansion in Egyptian construction sector

Feyisayo Ajayi January 29, 2026

EDITOR'S PICK

FEATURED

Temasek eyes investment in Tanzania tech, infrastructure, energy

Temasek explores investments in Tanzania’s tech, energy, infrastructure, and agriculture…

Business March 16, 2026

Ezz Steel plans $1.1 billion expansion over the next 2 years in Egypt’s steel sector

Ezz Steel plans $1.1 billion expansion to boost domestic production…

Business January 23, 2026

FCMB pushes value-chain coordination to boost Nigeria’s food security

FCMB promotes value-chain coordination to expand farmer access to inputs,…

Business April 7, 2026

Femi Otedola nears $2 billion on Forbes as people close to him value fortune above $3 billion

Femi Otedola closes in on $2 billion on Forbes, driven…

Business August 7, 2026

Transnet signs $401.7 million locomotive deal to boost South Africa’s rail network

Transnet’s $401.7 million Wabtec deal targets locomotive reliability as South…

Business October 16, 2026

The Escapist

Seychelles reports a 12% increase in international arrivals, signaling tourism recovery.

Seychelles eyes MICE boom following 12% tourist jump

November 29, 2025

Sam Darwish IHS share sale

IHS CEO Sam Darwish sells $710,000 shares after MTN $6.2 billion deal

March 21, 2026

Harmony Gold James Boardman and Alwyn pretorius

Harmony Gold appoints Alwyn Pretorius, James Boardman to board

October 16, 2026

MTN Uganda Head office

MTN Uganda Q1 profit falls to $46 million amid election internet shutdown

May 7, 2026

Airtel Africa telecom

Airtel Africa targets London IPO for its fast-growing mobile money business

July 23, 2026

Most attractive cities in Africa 2025

15 most attractive cities in Africa

December 4, 2025

- Advertisement -

Insider

Palais Namaskar, Morocco

Luxury Hot News

Marrakech’s oasis of tranquility: Inside Palais Namaskar’s luxe escape

Palais Namaskar redefines private wellness luxury in Marrakech.

Timilehin Adejumobi January 30, 2026

Follow US

SOCIALS

Baobab Resort, main pool

Experience unmatched luxury at Baobab Beach Resort & Spa

July 2, 2025

Dubai Royal’s $50,000-a-night resort

Dubai Royal’s $50,000-a-night resort flaunts Africa’s future in luxury travel

July 25, 2025

Standard Bank Cashless branch

Standard Bank expands cashless branches as digital banking surges

April 28, 2026

A wide mix of countries has confirmed official participation, underlining the continent’s range.

African nations expand footprint at FITUR 2026 tourism fair

December 18, 2025

Nile Ritz-Carlton Cairo

Why the Nile Ritz-Carlton remains Cairo’s most iconic luxury hotel

November 5, 2025

Tanzania, Uganda sign energy deal

Tanzania, Uganda sign energy deal to expand East Africa power cooperation

August 6, 2026

Most Read

POPULAR

Antoine Ndzengue tyre project

Cameroonian businessman Antoine Ndzengue’s Neptune opens $10.7 million Maithé Mall

Feyisayo Ajayi August 27, 2026

Del Monte Kenya IQF line

Del Monte Kenya adds $4 million solar-powered IQF line to boost exports

Feyisayo Ajayi February 28, 2026

Moses bridge

Egypt, Saudi Arabia to build $4 billion ‘Moses bridge’ across Red sea

Timilehin Adejumobi June 10, 2025

Tanzanian billionaire Mohammed Dewji pledges $250 million in Mozambique to expand MeTL Group’s footprint and create 20,000 local jobs.

After $250 million Mozambique pledge, Tanzanian billionaire Mohammed Dewji, eyes Botswana

Omokolade Ajayi August 27, 2026

Latest News

Nairobi, Kenya's capital city.

Hot News Business

Kenya targets $150 billion biodiversity financing in UN-backed plan

The effort is anchored on a United Nations-backed initiative known as the…

Omokolade Ajayi April 21, 2026

Business Fintech

Flutterwave partners with Techdollar to offer employee share-backed loans

We believe they should share in the value they create without having…

Timilehin Adejumobi October 23, 2026

Deli Group event in Egypt

Business Hot News

Deli Group expands with new production facility in Egypt

Egypt gains a major Deli plant to scale manufacturing and trade.

Timilehin Adejumobi December 11, 2025

Kofisi shutters branches pivots to premium hubs

Business Hot News

Kofisi shuts Nairobi offices after $3.2 million loss, focuses on premium workspaces

Kofisi shuts Nairobi’s Karen and Upper Hill branches after $3.2 million loss,…

Feyisayo Ajayi January 13, 2026

Delaire Graff Estate South Africa

Luxury Hot News

Delaire Graff Estate: A luxury wine escape in South Africa’s Cape Winelands

Delaire Graff Estate blends wine, art and calm luxury on the Helshoogte…

Feyisayo Ajayi November 14, 2025

copacabana night club

Entertainment Tourism

Mozambique nightlife: best 10 bars and clubs in Maputo

Experience the best of Mozambique nightlife with our guide to the top…

Oluwatosin Alao August 27, 2025

Indian businessmen Nitin and Chetan Sandesara

Business Energy Entrepreneurs

Indian tycoons Sandesara brothers’ energy firm completes acquisition of Eni’s Nigerian oil unit

Sandesara brothers’ Sterling Oil completes its acquisition of Eni’s Nigerian subsidiary, AENR,…

Feyisayo Ajayi October 26, 2026

IMF Building

Business Hot News

IMF backs Congo with nearly $350 million in new funding

IMF Congo funding strengthens Africa's critical minerals hub with support for mining,…

Timilehin Adejumobi June 28, 2026

Adrian Gore net worth

Business Hot News

Discovery co-founder Adrian Gore gains nearly $40 million from stock rally

Discovery co-founder Adrian Gore gains nearly $40 million as shares rally, pushing…

Feyisayo Ajayi February 11, 2026

Morocco Digital 2030 startup funding

Business Hot News

Inside Morocco’s $140 million funding to scale startups under digital 2030

Morocco is deploying $140 million under Digital 2030 to build a repeatable…

Feyisayo Ajayi December 18, 2025