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
Economy
Oil prices hold steady temporarily while global petrol costs surge.
While the price of crude oil has stabilized, motorists are still feeling the pinch at petrol stations due to ongoing
China imports initial 200,000 tonnes from Africa’s largest untapped iron ore site.
Guinea’s long-delayed Simandou project has taken a major step forward, as China receives its first fully integrated iron ore shipment
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
Ghana signs 11th bilateral debt restructuring deal with EXIM India
Finance Minister Dr. Cassiel Ato Forson has announced that Ghana has signed its 11th bilateral debt restructuring agreement, this time
Sisi: Only Trump can end the conflict, warns of oil prices soaring above $200
Egyptian President Abdel Fattah al-Sisi on Monday appealed directly to U.S. President Donald Trump, urging him to intervene and end
Nigeria’s major banks outshine continental rivals, gaining $1.8bn in brand value
Nigeria’s leading banks have outstripped their African counterparts in brand value growth in 2026, reflecting the transformative impact of an
Ban on tomato exports: Traders demand urgent government action
Government is facing mounting pressure to fast-track efforts to achieve tomato self-sufficiency, as traders at Agbogbloshie Market contend with rising
Nigeria’s national oil firm targets New York and London IPO amid $20bn project revival
Nigeria’s state-controlled oil enterprise, Nigerian National Petroleum Company Limited, is preparing for a potential listing on prominent international stock exchanges,
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