Nigeria Petrol price shock: Marketers say they can’t raise money to buy products
Oil marketers are lamenting that the recent increase in the price of petrol is negatively affecting their businesses as they […]
African Markets
Zimbabwe Set to Launch Africa’s First Lithium Sulphate Plant, Transforming Mineral Revenue Potential
Zimbabwe is advancing its position as Africa’s top lithium producer with the launch of a lithium sulphate plant, shifting from raw ore exports to high-value refined production. The move, supported by major Chinese investors, is expected to boost industrialization, strengthen the country’s role in clean energy supply chains, and capture greater economic value from its mineral resources.
Gold and Silver Prices Fall Sharply Following Friday’s Decline
Gold and silver prices plunged further after a recent rally pushed both metals to record highs. Spot gold fell over 9% to $4,403 an ounce, while silver dropped 15% below $72. Analysts say the sell-off was triggered by Kevin Warsh’s nomination as US Federal Reserve chair, alongside profit-taking after weeks of parabolic gains.
Fuel prices to rise as cedi weakens, crude prices climb
Fuel prices are poised for a possible rise with industry projections pointing to increases across petrol, diesel, and LPG in
Ghana Champions Global Call for $100bn Yearly Adaptation Finance
Ghana has urged African leaders to unite behind a bold push for $100 billion in annual climate adaptation and mitigation finance, stressing that the continent cannot tackle escalating climate impacts alone. Speaking on behalf of President Mahama, Minister Alhaji Baba Seidu Issifu highlighted Africa’s disproportionate climate burden and called for fair, accessible financing, strengthened partnerships, and collective action to turn adaptation into a driver of sustainable growth and industrialisation.
Petrol prices to drop marginally in February – COPEC
Ghanaian drivers can expect a slight decrease in petrol prices in early February, while diesel costs are projected to remain
South African Traders Go Global as CoreProTrade Expands International Access
South African retail investors are increasingly seeking exposure to international markets, driven by a desire for diversification, liquidity, and advanced trading tools.
CoreProTrade, a regulated South African brokerage, offers access to CFDs across forex, equities, commodities, and indices without owning the underlying assets.
The platform emphasizes strong compliance, mobile access, and professional-grade infrastructure, catering to a growing segment of sophisticated domestic traders.
US Reasserts Presence in Africa
The United States is shifting its approach in Africa, prioritizing private investment, infrastructure financing, and trade integration over traditional aid.
A new Strategic Infrastructure and Investment Working Group with the African Union aims to fund projects in transport, energy, and digital networks.
The initiative reflects Washington’s effort to strengthen influence as global competition on the continent intensifies.
Kenya Ends Macadamia Harvest and Trade Ban
The Kenyan government has lifted the seasonal ban on the harvesting and trading of macadamia nuts, allowing activities to resume from February 2026.
Indonesia Stock Exchange CEO Resigns Following $84bn Market Loss
The Chief Executive Officer of the Indonesian Stock Exchange (IDX), Iman Rachman, resigned following a sharp market sell-off that erased approximately $84 billion in value over two days amid concerns of a potential downgrade by global index provider MSCI.