Iran war raises oil prices and weakens many African currencies
Global oil markets react to the Iran conflict causing potential inflation across various African states.
AFC advances funding plans for strategic rail project in Zambia
Lobito Corridor project strengthens regional trade links through planned rail infrastructure connecting mines to export routes.
Morocco opens $700m tower boosting global ambitions
New Rabat Salé skyscraper boosts Morocco economic vision with luxury hotel offices and global soft power expansion strategy.
Sierra Leone grants offshore licence to Nigeria
Marginal Energy commits over 225 million dollars to seismic and drilling programme in Sierra Leone offshore blocks under new licence.
IMF sends team to Mozambique for loan talks in June programme
IMF sends a team to Mozambique in June for loan talks amid rising debt and economic stress and fiscal challenges.
Maize harvest in South Africa set for slight increase in 2026
South African maize output is forecast to grow modestly in 2026 with white and yellow maize contributing to the overall increase.
Rand falls as Middle East tensions lift dollar and oil prices
South African rand weakens as stronger dollar and rising oil prices weigh amid ongoing US Iran tensions in global markets.
South Africa risks thousands of deaths as coal phase-out slows
Climate groups warn extended coal power use in South Africa drives higher mortality rates and long term environmental damage.
Gabon plans oil deals with BP and Exxon in months
Gabon moves forward with BP and Exxon as it prepares to sign offshore oil contracts within four to six months.
Ethiopia bondholders warn legal action over debt deal collapse
Legal tensions rise between Ethiopia and international investors after restructuring deal collapse and IMF related talks.
Turkey and Zambia sign deal to boost diplomatic ties
Turkey-Zambia talks focus on expanding relations through agreements and increased diplomatic engagement
South Africa central bank warns Iran war lifts inflation risks
Reserve bank says inflation may rise near term due to oil shock from Iran conflict before easing later toward target.
US weighs aid and swap line for UAE
Trump says United States considers financial assistance and currency swap for United Arab Emirates amid regional tensions.
Nigeria’s Dangote partners Honeywell to expand output
Dangote refinery develops petrochemical capacity with Honeywell to produce plastics and detergents locally and improve supply chains.
Farmers seek more rain as Ivory Coast cocoa mid-crop weakens
Farmers report mixed rainfall conditions in Ivory Coast cocoa areas with heat aiding drying while more rain is needed soon.
US investors target Congo mineral assets as Rubaya interest grows
Washington explores Congo strategic minerals deal as firms eye Rubaya and broader supply chain influence for global security shift.
Algeria launches 2026 bid round to boost oil and gas output
Algeria opens major energy bid round aimed at increasing output and strengthening its role in global markets.
South Africa holds rates steady as conflict fuels price volatility
War in the Middle East increases uncertainty, with South Africa central bank cautious on easing amid rising inflation pressures.
Egypt’s TMG announces $27 billion Spine city east of Cairo
Egypt plans a new Spine city project with mixed use facilities designed to support growth and provide thousands of jobs.
Africa emerges as key investment hub, UN official says
UN official highlights Africa’s investment potential, urging stronger trade integration and affordable financing at Antalya Diplomacy Forum 2026 panel discussion.
Ghana introduces fuel subsidy to ease rising consumer costs
Ghana government absorbs part of fuel costs to protect consumers and support economic recovery during global oil price surge.
IFC and Citi sign 1.6 billion rand facility in South Africa
World Bank IFC and Citi launch new funding facility to help companies manage currency mismatch risks in South Africa.
Germany says Iran war hits Africa harder than Europe
Africa faces stronger economic shocks than Europe from the Iran conflict, with warnings of looming hunger and inflation pressures.
Algeria grants BP prospecting authorisation in eastern basin
Algeria has granted BP a prospecting authorisation in its eastern basin, aiming to boost exploration and attract investment opportunities further.
IMF cuts Senegal growth forecast as debt burden weighs economy
Senegal economic outlook downgraded as IMF cites growing debt burden and larger current account deficit projections in latest report.
Oil prices jump to $100 as US plans Iran port blockade
Global markets face uncertainty as oil prices rise amid US blockade and Iranian threats.
Turkey deepens cooperation with Senegal across sectors
Senegal and Turkey strengthen ties with focus on education, health, agriculture and women’s economic participation.