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 […]
African Markets
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
Fuel shortages hit over 140 stations in South Africa amid global oil tensions.
South Africa’s fuel sector is under increasing strain, with more than 140 filling stations struggling to meet demand ahead of
Strait of Hormuz set to reopen under UK and France-led 30-nation coalition, offering relief to African economies
A coalition spearheaded by the United Kingdom and France, along with nearly 30 other nations, is stepping up efforts to
Ghana and Burkina Faso pledge to strengthen trade amid tomato supply issues
Ghana’s economy is under renewed strain following Burkina Faso’s indefinite halt of fresh tomato exports, a decision that disrupts a
Angola and Ghana gain ground in crude market after sharp drop in US imports from Nigeria
In January 2026, the United States significantly scaled back its imports of crude oil from Nigeria, reducing volumes by nearly
Nigeria removes FX limits, granting oil companies full access to export earnings.
Nigeria’s central bank has eliminated a regulation that forced international oil companies to retain a portion of their export earnings