Business & Economy Bound

West Africa: Despite Record Oil Production, Senegal Faces Fuel Price PressureF

In Senegal, drivers are feeling the pinch as fuel prices soar to the highest levels in the entire WAEMU region—even though the country pumped out 16 million barrels of oil in 2024. Government officials say relief is coming, thanks to plans to process oil locally and tap into natural gas reserves. But with living costs climbing and no visible change in sight, talk of strikes is starting to surface.

Egypt: Challenged Energy Sector Faces Another Brutal SummerF

Egypt faces a deepening energy crisis as natural gas production crashes 39%, forcing a return to costly LNG imports and the unpopular decision to use polluting fuel oil.

Libya’s Oil Ambitions Undermined by Governance GridlockF

Libya’s energy sector is booming with foreign investment, but political fragmentation and economic instability threaten to derail long-term progress.

Libya: Eni Leads Charge in Libya’s Energy RevivalF

Eni leads a surge of investment in Libya’s energy sector, fueling growth through offshore drilling and revitalized industrial facilities.

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