…Targets More presence in Sub-Saharan Africa Wolf Oil Corporation has entered into partnership with Goldwagen to enable Wolf Lubricants to be distributed exclusively by Goldwagen’s retail outlets throughout Southern Africa, including South Africa, Namibia, Swaziland, Lesotho and Botswana. With over 60 years of expertise, Belgium-based Wolf Lubricants has established itself as a market leader in…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says Nigeria needs to increase its local refining capacity to mitigate the impact of the crash in global crude oil price on the nation’s economy. IPMAN’s President, Mr Chinedu Okoronkwo, told the News Agency of Nigeria (NAN) in Lagos that the Federal Government should encourage investment in…
It has been projected that African economy will lose 65 billion dollars if there is a full lockdown of the continent due to COVID-19. Mr Stephen Karingi, Director, Regional Trade and Integration, United Nations Economic Commission for Africa (UNECA), who made the negative projection on Thursday, during the World Health Organisation (WHO) and World Economic…
If there is one thing that the current COVID-19 and oil prices crises have demonstrated, it is that African oil-producing nations are still not economically diverse. Despite repeated actions taken by governments over the past decade to diversify their economies, especially following the 2014-2016 African recessions, not enough has been done. Economic crises in African…
