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Economy & Business

OPEC’s Cracks Widen: What the UAE’s Exit Means for Africa’s Energy Markets

When the United Arab Emirates formally withdrew from OPEC and OPEC+ on May 1, 2026, it was more than a bureaucratic adjustment to the membership registers of the world’s most consequential oil cartel. It was a declaration — quiet in tone but unmistakable in implication — that the era of collective producer discipline is giving […]

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Kenya Drops Fuel Standards to Survive Global Supply Crunch

Kenya has temporarily suspended its fuel quality rules, allowing dirtier fuel to be sold at pumps as the country grapples with severe shortages triggered by the disruption of the Strait of Hormuz. The emergency six-month waiver, announced by the government, marks a dramatic departure from Nairobi’s usual environmental and health standards in a desperate move

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China Opens Its Markets: Zero Tariffs for 53 African Nations Take Effect

Africa’s largest trading partner officially opened its doors wider on May 1, 2026, as China implemented a sweeping zero-tariff policy covering virtually all imports from 53 African countries. The move, announced by President Xi Jinping in a congratulatory message to the 39th African Union Summit in Ethiopia, marks the most significant trade liberalization step China

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Nigeria Intervenes to Cap Jet Fuel Prices as Soaring Costs Threaten to Ground Airlines

Nigeria Intervenes to Cap Jet Fuel Prices as Soaring Costs Threaten to Ground Airlines Lagos, April 29, 2026 — Nigeria’s government has moved to cap jet fuel prices and extend credit facilities to airlines, in a bid to head off a full-scale crisis that had threatened to halt flights and cripple the country’s aviation sector,

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Zimbabwe Ships Africa’s First Lithium Sulphate as Processing Ambitions Take Shape

# Zimbabwe Ships Africa’s First Lithium Sulphate as Processing Ambitions Take Shape *April 29, 2026 — Harare* Zimbabwe dispatched its first-ever export consignment of lithium sulphate on Monday, a landmark shipment that represents a significant milestone in the country’s drive to move beyond raw mineral extraction and establish itself as a processor of critical green

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