Uganda’s foreign exchange reserves surged nearly 70% to $5.6 billion in January 2026, driven by large-scale oil sector investment tied to the East African Crude Oil Pipeline project.
Uganda’s Oil Windfall: Forex Reserves Jump 70% as Investment Floods In Read More »
Kenya’s government has temporarily waived fuel quality standards as shortages caused by the closure of the Strait of Hormuz threaten to paralyze the country’s transport and economic sectors.
Kenya Temporarily Drops Fuel Standards as Middle East War Strangles Supply Lines Read More »
As Iran war disrupts global oil markets, African nations from Ghana to Tanzania impose steep fuel hikes, with the World Bank warning of the continent’s largest energy price shock since 2022.
Fuel Prices Surge Across Africa as Iran War Disrupts Global Energy Supply Read More »
A widening Middle East conflict between Iran and a US-led coalition is sending shockwaves across Africa, with economists and security analysts warning that the continent faces a twin threat to its energy supplies and maritime trade routes — even without a full closure of the Strait of Hormuz. The warnings come as the Iran conflict
Iran Crisis Sends Shockwaves to Africa: From the Strait of Hormuz to the Red Sea Read More »
Aliko Dangote commits as anchor investor for a Nigeria-scale refinery in Tanzania’s Tanga, backed by Kenya and Uganda, aiming to keep East Africa’s oil wealth at home.
Dangote Backs East Africa’s Joint Refinery Plan: Nigeria-Scale Production for Tanzania Read More »
Aliko Dangote, Africa’s wealthiest individual, is preparing to list approximately ten percent of his landmark oil refinery in a multi-exchange Initial Public Offering that analysts are already calling the most significant capital markets event in African history. The offer, expected to open for subscription as early as May or June 2026, will target listings on
Dangote Refinery’s $40 Billion IPO: Africa’s Largest Energy Bet Takes Shape Read More »
Pope Leo XIV used the first day of his visit to Angola on Saturday, April 18, 2026, to deliver one of the sharpest critiques of foreign exploitation of Africa ever spoken from the Vatican, denouncing the “logic of extractivism” that has left the continent rich in resources yet poor in development for its own people.
Denis Sassou N’Guesso was sworn in for a historic fifth presidential term on Thursday, April 16, 2026, in a ceremony attended by ten African heads of state, underscoring the longtime leader’s enduring regional influence even as the continent faces mounting economic headwinds that could reshape the outlook for his country and the wider region. The
Denis Sassou N’Guesso Sworn In for Fifth Term as Congo Faces IMF Downgrade Read More »
Libya has approved its first unified state budget in 13 years, a historic 190 billion dinar deal signed in Tripoli that signals a potential turning point for the divided North African nation.
Libya Breaks a Decade-Long Deadlock with Historic Unified State Budget Read More »
Somalia has begun its first offshore oil drilling campaign in the Hafun Basin with Turkish firm Karakoyun Energy. We examine what it means for the Horn of 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
Kenya’s energy sector has been rocked by a scandal involving an alleged KSh4 billion ($33 million) fuel import fraud, with President William Ruto breaking his silence to announce a full crackdown on oil sector cartels. The controversy has engulfed senior officials in the Ministry of Energy and the Energy and Petroleum Regulatory Authority (EPRA), with
