Economy

Economic and business news in Africa

Africa Braces as Middle East Conflict Sends Shockwaves Through Continents Already Stretched to Breaking Point

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 […]

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Ghana Restricts Sale of Major Gold Mine to Locally Owned Businesses Only

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

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South Africa Launches 200 Billion Dollar Investment Drive to Revive a Stalled Economy

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

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Nigeria Fuel Prices Surge 65% — Highest in Africa — as Middle East Conflict Bites

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

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Iran War Fallout: How the Middle East Conflict Is Crippling African Economies

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

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Mozambique Hires Alvarez & Marsal to Navigate Growing Public Debt Crisis

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

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