South Korea shifts to African oil suppliers as Hormuz tensions persist
Rising tensions between Iran and the United States are unsettling global fuel markets, causing major disruptions to supply chains. In […]
African Markets
Ghana, Japan launch $1.5m projects to advance peace, AI, and health innovation
Ghana and Japan have deepened its development cooperation with the launch of three major initiatives targeting peacebuilding, digital transformation, and
Fuel prices increase in Kenya as supply pressures intensify.
Fuel prices in Kenya have been increased following a new adjustment announced on Tuesday by the country’s energy regulator. The
Zambia commits $200 million to keep fuel prices low as oil risks climb globally.
Zambia is expected to forgo around $200 million in revenue after reducing fuel taxes to protect households and businesses from
Africa faces growing debt and inflation threats as US–Iran conflict escalates.
Rising tensions linked to the Iran conflict are driving up borrowing costs for African countries, worsening debt challenges that have
Nigeria slashes import duties to fight rising cost of living
Nigeria will cut import duties on a range of goods from July 1, in a move aimed at easing living
IMF Warns of Mounting Economic Pressures for Sub-Saharan Africa Amid Global Instability
The latest World Economic Outlook from the International Monetary Fund paints a sobering picture for Sub-Saharan Africa, as escalating conflict
Transport Minister to meet GUTA over dispute on Publican AI Port System on Thursday
The Minister for Transport, Joseph Nikpe Bukari, is scheduled to meet with leaders of the Ghana Union of Traders Association
Gov’t could lose nearly GH¢500m a month for every GH¢1 cut from fuel taxes
Cabinet has directed the suspension of some taxes, levies and margins on petroleum products in response to rising crude prices
Moody’s upgrades Ghana’s outlook to positive, affirms Caa1 rating
Credit ratings agency, Moody’s has revised Ghana’s outlook to “positive” from “stable,” pointing to improving public finances as the country