Africa sees unrest as Uganda, Egypt flag higher fuel and food prices linked to Iran war
Officials from Uganda and Egypt have expressed alarm over rising economic pressures across Africa as the ongoing Iran conflict continues […]
African Markets
Africa’s top oil producers face uneven fuel price impacts amid Iran crisis
The intensifying situation in Iran is reshaping global oil markets and exposing significant differences among Africa’s leading oil-producing nations, as
Afreximbank leads $4 billion Dangote Refinery deal with $2.5 billion commitment
The African Export-Import Bank (Afreximbank) has announced that it has underwritten $2.5 billion in a $4 billion senior syndicated term
Amid US–Iran unrest, Europe sources jet fuel from Nigeria’s Dangote refinery
Nigeria is becoming an increasingly important alternative source of aviation fuel for Europe, stepping up as the US–Iran conflict disrupts
Oando broadens footprint beyond Nigeria through Angola oil partnership
Oando Plc has secured a production sharing contract (PSC) for Block KON-13 in Angola, marking its long-anticipated entry into one
South Africa eases fuel tax to soften $350m blow from rising oil prices
South Africa plans a temporary reduction of a major fuel tax in April, as global oil prices climb due to
Nigeria achieves milestone with first 950,000-barrel Cawthorne crude shipment to India
Nigeria has completed its inaugural shipment of Cawthorne crude, exporting a 950,000-barrel cargo loaded from the newly launched FSO Cawthorne
Africa advances Spain–Morocco corridor over global chokepoint risks
A major cross-continental infrastructure initiative beneath the Strait of Gibraltar is drawing fresh interest as Morocco and Spain move forward
The richest man in Africa renews a commitment he has consistently made.
Aliko Dangote, Africa’s wealthiest man, has once more reassured Nigerians that his refinery is capable of supplying enough fuel domestically,
Global shipping shifts away from the Middle East, putting pressure on Africa’s busiest port.
Morocco’s Tanger Med, the largest container port in Africa, is getting ready for a potential rise in vessel traffic as