Nigeria enforces executive order to plug oil revenue leaks

Nigeria enforces an executive order requiring NNPC and agencies to deposit revenue directly to the government, eliminating deductions and boosting transparency and internal revenue collection.

Guinea-Bissau transporters strike as fuel price hikes bite

Drivers strike in Guinea-Bissau over fuel hikes and fare caps, disrupting transport nationwide

Ivory Coast farmers warn dry weather threatens mid-crop cocoa

Cocoa farmers in Ivory Coast report dry conditions and warn that more rain is needed to boost mid-season crop growth.

Dangote refinery ramps up exports to ease Africa fuel crunch

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

Somalia begins first offshore oil drilling with Turkey’s help

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.

Egypt hikes electricity prices for heavy-use homes and businesses

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

Africa sustains growth despite global headwinds

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

Morocco attracts 4.3 million tourists in first quarter of 2026

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

Workers strike at Seplat threatens Nigeria output push

Seplat workers strike raises fears over Nigeria oil output

South Africa collects 2 trillion rand in taxes despite economic strains

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

South Africa cuts fuel levy as prices surge

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

Afreximbank raises $2 billion in record syndicated loan

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 aim to finalize free-trade deal by end of 2026

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

Nigeria sees strong capital inflows as investors chase bond yields

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.

Nigerian government unveils digital platform to cut trade red tape at ports

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

Namibia deals Starlink second setback in southern Africa

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 demand surges as Iran war disrupts routes

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 unveil extended Standard Gauge Railway

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

Africa and Europe face soaring jet fuel costs amid Middle East conflict

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 considers lifting some Iranian oil sanctions to ease rising prices

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

US funding offer to Zambia links health aid with mineral access

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

South African retailer Mr Price targets one more overseas market

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.

Africa’s fragile economy braces for fallout from soaring oil costs

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 adjust cocoa prices to match global market levels

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

Egypt sets maximum prices for unsubsidised bread to ease inflation

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

Canal+ profit tops guidance, targets Africa growth push

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

Rising oil prices from Iran war strain African currencies

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.

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