Headline
2025: Top 10 African Countries With The Largest Oil Reserves
Published
2 months agoon
By
Editor
Oil is one of the main drivers of economic growth in Africa. It fosters international relationships, attracts foreign investors, and is also a major source of revenue. Political instability, oil theft, and insecurity are some of the challenges hindering substantial growth in oil production in some of the African countries discussed in this article, although they still have the largest oil reserves.
Contents
1. Libya
2. Nigeria
3. Algeria
4. Angola
5. South Sudan
6. Egypt
7. Republic of Congo
8. Uganda
9. Gabon
10. Chad
Here are the African countries with the largest oil reserves according to Prime Business Africa:
READ ALSO: Meet 9 African Leaders Who Made TIME 100 Most Influential People List
1. Libya
Libya tops the list as the African country with the largest oil reserves. Despite the political unrest in the country, Libya has still been able to maintain its wealth from oil reserves, which are proven to be 48.36 billion barrels. The country is the continent’s oil leader.
2. Nigeria
Nigeria has the second-largest oil reserves in Africa, with 37.89 billion barrels. However, many challenges, such as outdated infrastructure, oil theft, and insecurity, have continued to erode the country’s progress in oil production. Policies have been enacted to revive Nigeria’s oil industry.
3. Algeria
Algeria has developed solid infrastructure for its natural gas extraction and oil reserves. This has contributed immensely to the economy of the country by being one of the top energy exporters in Africa. Algeria’s oil reserves now 12.20 billion barrels.
4. Angola
Oil is a major support for Angola’s economy, helping with diversification. Despite a decline in production, investment and new offshore discoveries have boosted the oil sector. As one of the largest oil producers, Angola has 7.78 billion barrels of oil reserves.
READ ALSO: World Bank Appoints Africa’s Richest Man, Dangote
5. South Sudan
South Sudan capitalises on its oil reserves because of the significant role it plays in the economy. It makes up over an average of the government’s revenues. The country is now experiencing more increase in output because of production deals. South Sudan’s oil reserves is 3.75 billion barrels.
6. Egypt
Egypt is one of the countries in Africa with a diverse energy sector. The country has been able to advance its refining system and export rate. Investment in the energy sector boosts oil production. Currently, Egypt’s oil reserves is 3.3 billion barrels.
7. Republic of Congo
The Republic of Congo is one of the main oil exporters in Africa, with 2.88 billion barrels. More than half of the country’s revenue comes from oil. Political instability has been causing setbacks, but foreign investment has helped in reducing the effects.
8. Uganda
Uganda now transports oil to the international market since the completion of the East African Crude Oil Pipeline (EACOP). The government secures deals with investors to ensure more productivity. Uganda boasts of 2.5 billion barrels of oil reserves.
9. Gabon
Gabon is not relenting in attracting foreign investors into the country. They have succeeded in expanding their refinery to produce more refined petroleum. Over the years, Gabon’s economy has been strengthened by oil exploration. The country has 2.0 billion oil reserves.
10. Chad
Chad is the tenth among the African countries with the largest oil reserves. Constant investment in the energy sector by foreign investors has helped Chad sustain its oil production, which is now 1.5 billion barrels.
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Headline
After Fallout With Trump, Elon Musk Says He’s Forming ‘America Party’
Published
11 hours agoon
July 6, 2025By
Editor
Billionaire Tesla owner Elon Musk, has disclosed that he is forming a third political party, which he called the ‘America Party,’ after a dramatic falling out with Donald Trump over a tax and spending bill recently signed into law by the President.
Musk, who was the largest individual donor to Trump’s 2024 presidential campaign, worked with the current US President as the lead of his cost-cutting government agency—the Department of Government Efficiency (DOGE)—until his recent resignation.
After bowing out of the DOGE role, Tribune Online reports that Musk started criticizing Trump’s “big beautiful bill” because of estimates that he said would add trillions of dollars to the federal deficit.
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Speaking via his X social media platform, Musk said, “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.”
Musk, a former ‘first buddy’ of the US President, declared that the new party is for freedom: “Today, the America Party is formed to give you back your freedom.”
Meanwhile, Musk’s rift with President Trump last month after intense criticism of the spending bill appeared to have cooled after Musk regretted and deleted the most incendiary posts he made linking Trump with disgraced financier Jeffrey Epstein and calling for the President’s impeachment. According to Musk, those posts ‘went too far.’
However, the world’s richest man reignited the feud over the last several days as the bill neared passage and eventually passed by the House before it was subsequently signed at a White House ceremony.
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According to CNN, the extent to which Musk has taken steps to legally form the party is unclear, as party formation requires registering with the Federal Election Commission. The most recent FEC filings showed no indication that this has happened, CNN reports.
The owner of X, who has made threats during the social media scuffle with Trump, had indicated he wants a party that is fiscally conservative and reins in spending, but has offered few other details about what the party’s platform would be.
While Musk and Trump reportedly share similar views on contemporary social issues, the former has argued the Republican policy agenda will increase the debt, calling it “debt slavery.”
The two-party system in the United States has long been criticized by both registered Democrats and registered Republicans, but efforts in the last century to form a third party have shown little success. Billionaire Ross Perot ran for president as an independent in 1992, winning nearly a fifth of the popular vote, but carried no states in the election, which was won by Bill Clinton.

Australian actor Julian McMahon, best known for his roles in Nip/Tuck, Charmed, and Fantastic Four, has died at the age of 56.
McMahon passed away in Clearwater, Florida, on Wednesday following a private battle with cancer.
His death was confirmed in a statement released on Friday by his wife, Kelly.
The statement read,”With an open heart, I share with the world that Julian McMahon, my beloved husband, died peacefully this week after a valiant effort to overcome cancer.
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“His deepest wish was to bring joy into as many lives as possible.
“We wish all of those to whom Julian brought joy to continue to find joy in life.
“We are grateful for the memories.”
Born into a prominent political family, McMahon was the son of former Australian Prime Minister Sir William McMahon.
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In a nod to his family’s legacy, he portrayed an Australian prime minister in the Netflix drama ‘The Residence.’
McMahon’s career spanned decades, earning him international recognition for his roles as Dr. Christian Troy in ‘Nip/Tuck’, Cole Turner in ‘Charmed’, and Victor Von Doom in ‘Fantastic Four’.
He was married three times, including a high-profile marriage to Australian singer and actress Dannii Minogue, sister of pop icon Kylie Minogue.
Headline
Thai Police Rescue Eight-year-old Boy Living With Dogs, Unable To Speak
Published
1 day agoon
July 5, 2025By
Editor
An eight-year-old boy has been rescued in Thailand after authorities discovered him living among dogs and only able to communicate by barking.
According to Dailymail on Friday, the boy, whose name has been withheld, was found on Monday during a welfare check at a ramshackle, drug-infested house in Lap Lae District, Uttaradit Province.
Local reports say the child had been living with his mother, 46, and his 23-year-old brother, both of whom tested positive for drug use after a police raid.
Neighbours revealed that the family had long been isolated from the community, and the boy had no contact with other children. Instead, he spent his days with the family’s six dogs, which he reportedly mimicked.
READ ALSO:24-year-old Thai Lady Arrested At Lagos Airport With Illicit Drugs
“He didn’t speak, he just barked. It was pitiful to see,” said Paveena Hongsakul, president of the activist foundation which worked with police on the rescue.
Authorities said the boy had only attended school once, despite his mother receiving government stipends of around 400 baht (£9) meant to support his education.
“His mother hasn’t allowed him to go to school since he received a subsidy for free education,” Hongsakul explained. “After getting the money, she simply kept him at home.”
Neighbours were said to have forbidden their children from playing with the young boy due to the family’s behaviour.
The mother was reportedly known in the area for begging at temples and has now been charged with drug use.
READ ALSO:
A local teacher described the boy’s environment as a “red zone for drugs” and said that neighbours forbade their children from interacting with him.
‘The house is in a red zone for drugs,’ one teacher explained. ”The boy had no one, just the dogs to play with.”
The disturbing situation came to light after a headteacher raised the alarm, prompting activists and police to raid the house on June 30.
Images shared in Thai media showed authorities at the shack surrounded by trees and several dogs.
Following the rescue, the boy was taken to a children’s home, where he will receive medical and psychological care.
READ ALSO:
Ms Hongsakul, of the Foundation for Children and Women, will work with authorities to ensure the child receives continuous education, and her organisation will monitor his progress.
Images from the scene showed authorities standing around a small family in a wooded area with several dogs on site. Credit: Dailymail
Images from the scene showed authorities standing around a small family in a wooded area with several dogs on site. Credit: Dailymail
“The boy will be given a chance at a good life. We’ll follow up with him to make sure he gets everything he needs,” she said.
Cases of so-called “feral children”, youngsters raised with little or no human contact, are extremely rare but often highlight the severe consequences of neglect.
Experts cite the example of Oxana Malaya, a Ukrainian girl found in 1991 living with dogs after her parents abandoned her. Though she eventually learned to speak and reintegrated into society, she still struggled with some developmental challenges.
Authorities in Thailand say they are committed to giving the rescued boy a fresh start and the chance to live a normal life.
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