Dangote refinery ramps up exports as Africa faces fuel shortages linked to Iran war

Somalia has started its first offshore oil drilling with Turkey’s Cagri Bey, aiming to boost the economy and strengthen long-term regional energy partnerships.

Global energy crisis linked to Gulf conflicts drives Egypt to raise electricity prices for residential and commercial sectors.

Africa’s growth spreads wider, but challenges remain for jobs and poverty

Morocco welcomed 4.3 million tourists in early 2026, boosted by improved connectivity, upgraded hotels, and diverse attractions, raising tourism revenue and international appeal.

Seplat workers strike raises fears over Nigeria oil output

South Africa’s tax revenue rises 8.4 percent as SARS improves efficiency and overcomes economic and global supply challenges.

Fuel levy cut offers relief, but petrol and diesel prices still rising

Afreximbank raised $2 billion in its largest syndicated loan ever, exceeding targets with 31 global lenders to refinance facilities and cover general expenditures.

Canada and Mercosur are advancing toward a free-trade agreement in 2026, aiming to diversify Canadian trade and strengthen South American market access.

Capital inflows into Nigeria rose nearly 90 percent in 2025, driven mainly by foreign portfolio investment seeking high yields, while long-term investment remained limited.

Nigeria will launch its National Single Window, a digital trade platform to streamline imports and exports, reduce port costs, and boost foreign exchange.

Namibia rejected Starlink’s licence request to operate satellite internet, citing local ownership rules, marking the company’s second setback in southern Africa.

Kenya Airways says flight demand has surged from 70% to near full capacity as the Iran war forces global airlines to reroute flights

Kenya and Uganda leaders marked the extension of the Chinese-built Standard Gauge Railway, aiming to reduce transport costs and improve regional trade efficiency.

Strait of Hormuz disruptions amid the U.S.-Israeli war on Iran have pushed jet fuel and crude oil prices sharply higher, hitting African and European airlines.

US Treasury Secretary Scott Bessent said Washington may ease Iranian oil sanctions as energy prices surge, aiming to stabilise markets and support global partners.

A leaked US-Zambia health funding draft links aid to mining access, raising privacy, sovereignty, and funding cut concerns across African countries.

Mr Price will expand further into Europe through its NKD acquisition but has no plans for global expansion, focusing on select key regions for growth.

African central banks face challenges from rising oil prices, risking slower growth, weakened currencies, and disruptions in mining, agriculture, and other key sectors.

Ivory Coast plans to reform its cocoa marketing system to align farmer prices with global markets and address stockpile and trader-related challenges.

Egypt capped unsubsidised bread prices in private bakeries to limit inflation impact, while authorities monitor compliance and warn of penalties for violations.

Canal+ beat profit guidance and will hire 1,000 sales staff in Africa to drive MultiChoice turnaround

The Iran war has driven oil prices higher, increasing fuel costs, inflation risks and currency pressures across African economies heavily dependent on imported petroleum products.