Economic and business news in Africa
As the conflict between Israel and Iran escalates into what analysts are now calling the most consequential geopolitical crisis of the decade, African nations are discovering they are far from immune — even from a war being fought thousands of miles away in the Persian Gulf. The ripple effects of the Iran conflict are being […]
Shipping disruptions linked to the Iran conflict have left eight million kilograms of Kenyan tea stranded at Mombasa port, threatening farmer incomes and Kenya standing as a reliable global tea supplier.
Iran War Leaves 8 Million Kilograms of Kenyan Tea Stranded at Mombasa Port Read More »
Ghanas government has moved to block foreign-owned companies from acquiring a recently divested major gold mine, announcing that the asset will be sold exclusively to firms that are 100 percent owned by Ghanaian citizens. The decision, which drew immediate pushback from international mining companies, represents the most aggressive intervention yet in Ghanas broader campaign to
Ghana Restricts Sale of Major Gold Mine to Locally Owned Businesses Only Read More »
President Cyril Ramaphosa opened the sixth South Africa Investment Conference in Johannesburg on March 31, 2026, unveiling an ambitious nearly \00 billion investment initiative aimed at breaking a decade of near-zero economic growth and tackling South Africas unemployment crisis – a problem so severe that more than one in three South Africans who want to
South Africa Launches 200 Billion Dollar Investment Drive to Revive a Stalled Economy Read More »
Kenya’s Lamu Port has recorded a staggering 974 percent increase in cargo throughput over the past year, transforming a chronically underutilized facility into a critical global shipping hub as the Strait of Hormuz becomes increasingly hazardous.
Kenya’s Lamu Port Surges 974% as Middle East Crisis Reroutes Global Shipping Read More »
Nigeria, Africa’s largest economy and biggest oil producer, is now paying the highest gasoline pump prices on the entire continent — with costs surging by 65% in a matter of weeks. The dramatic spike, triggered by the knock-on effects of the escalating Middle East conflict on global oil markets, is squeezing households already battling the
Nigeria Fuel Prices Surge 65% — Highest in Africa — as Middle East Conflict Bites Read More »
As the conflict in the Middle East escalation sends shockwaves through global energy markets, African nations are counting the cost of a crisis they did not choose and cannot control. A landmark joint report by the African Development Bank, the African Union Commission, the UN Development Programme, and the UN Economic Commission for Africa has
Iran War Fallout: How the Middle East Conflict Is Crippling African Economies Read More »
The government of Mozambique has enlisted global advisory firm Alvarez & Marsal (A&M) to provide technical assistance on public debt management, the country announced on April 2, 2026. The engagement comes as the southern African nation grapples with mounting external debt, currency pressure, and the lingering economic fallout from a disputed 2 billion US dollar
Mozambique Hires Alvarez & Marsal to Navigate Growing Public Debt Crisis Read More »
Nigeria’s Dangote Refinery has slashed fuel prices below import costs, triggering a standoff with established fuel marketers and renewing debate over market dominance in Africa’s largest crude oil producer.
Dangote Refinery Slashes Fuel Prices, Triggering Standoff With Nigeria’s Fuel Importers Read More »
Senegal has announced sweeping reforms to its gold mining sector, raising royalties from 3% to 5% and introducing binding local content rules in the most significant overhaul of its extractive industry since 2016.
