Fuel prices rise in South Africa amid Middle East supply disruptions
South Africa is set to significantly increase fuel prices from Wednesday, May 6, after crude oil climbed above $100 per
Global Trade
Export revenue in Ethiopia is expected to rise sharply from $3 billion to $10 billion
Ethiopia is on course to generate about $10 billion in export earnings by the end of the current fiscal year,
Kenya and Tanzania strike $500m deal to boost cross-border trade
Kenya and Tanzania are set to strengthen their economic partnership through trade and investment deals valued at roughly $500 million
Trump: US to assist vessels stuck in Strait of Hormuz
The United States has announced that from Monday it will begin efforts to release commercial vessels stranded after Iran shut
Europe and Africa may be joined by major subsea tunnels valued at €800m and €20bn as maritime concerns grow.
Europe and Africa are weighing two large underwater tunnel projects valued at €800 million and up to €20 billion as
Trump signals plans to scrap whisky tariffs following the King’s visit.
US President Donald Trump has announced that he will abolish all tariffs and restrictions on whisky imports as a gesture
South Africa leads Africa in exporting to China under a zero-tariff scheme.
A new chapter in China–Africa commerce has officially opened as South African apples become the first shipment to enter China
Africa’s largest fertiliser company eyes opportunities as the US prepares to lower phosphate import duties.
Morocco is set to expand its influence in the global fertiliser industry as the United States reviews a proposal to
Middle East tensions disrupt fertiliser exports, raising concerns over Africa’s food security.
Tensions in the Middle East are placing fresh strain on global fertiliser supply chains, driving prices upward from around $500
Global oil market shaken as UAE leaves OPEC, increasing pressure on African producers.
Fresh instability could be emerging in global oil markets following the decision by the Organization of the Petroleum Exporting Countries