US–Iran Strait of Hormuz tensions hit five key sectors, costing Africa heavily.
Shipping interruptions along the Strait of Hormuz are starting to affect African economies, putting pressure on fertiliser availability, industrial supplies […]
African Markets
Somalia begins offshore oil exploration backed by Turkey.
Somalia is preparing to launch its first offshore oil drilling campaign, a significant milestone in its long-awaited entry into the
Zambia: Government declares fuel supply situation an emergency
As the war in the Middle East continues to drive up fuel prices, the Zambian government has called the current
African countries and the primary countries they import fuel from, including the UAE and India.
The ongoing conflict in Iran and the blockade of the Strait of Hormuz have caused significant disruptions in global oil
Women’s Development Bank to be launched soon — Vice President assures
The Vice President, Professor Naana Jane Opoku-Agyemang, has assured that the government’s flagship Women’s Development Bank will soon be launched
Airport tax revenue shrinks by GH₵400m, misses 2025 target by 20%
Ghana’s airport tax revenue has dropped by GH₵400 million, missing its 2025 target by about 20 per cent, as the
Global food prices climb again in March, the second straight monthly rise
World food commodity prices rose in March for the second month in a row, due largely to higher energy prices
Dangote Refinery refutes claims of increased crude allocation from Nigeria’s government
Uncertainty has arisen regarding crude allocations to the Dangote Petroleum Refinery, with refinery officials stating they have not received confirmation
Burkina Faso’s biggest gold mine will power West African Resources to a record output in 2026.
West African Resources is gearing up for a significant milestone in 2026, projecting annual gold output of 430,000 to 490,000
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