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.

Oil surges above $100 as Strait of Hormuz crisis deepens

Oil tops $100 as Middle East conflict disrupts tanker traffic in the Strait of Hormuz

Namibia sets up first large-scale Atlantic salmon farming project

Namibia is launching Africa’s first industrial-scale salmon farming, led by Norwegian partnerships, aiming for local and export markets while navigating environmental and logistical challenges.

Turkey and Algeria hold high-level talks to boost regional cooperation

Turkey and Algeria held high-level consultations in Istanbul, discussing bilateral relations, regional stability, economic, security, and cultural cooperation, while reaffirming strategic dialogue.

South Africa will revise risk scenarios as oil prices surge sharply

South Africa’s central bank will revise its risk scenarios for upcoming rate decisions, focusing on inflation and exchange rate impacts amid rising oil prices.

Oil surges and stocks fall as Trump demands Iran surrender

Oil prices surged while global stocks fell after attacks on Iraqi oil fields and escalating Iran war tensions, while weak US jobs data added to market uncertainty.

Egypt warns Middle East war could trigger price surge, instability

Egyptian President Abdel Fattah al Sisi warned the Middle East war could fuel inflation and economic strain as the Egyptian pound weakened and trade risks increased.

Inflation slows sharply as Ghana posts growth above six percent

Ghana recovers from its worst economic crisis with falling inflation, a stronger currency, lower debt, higher growth, and new investment initiatives under Mahama.

Ghana moves to formalize artisanal gold trade to curb smuggling

Ghana will formalize artisanal gold trade through GoldBod, aiming to boost $20 billion annual inflows, reduce smuggling, and strengthen national revenue systems.

US and Burkina Faso join forces to prevent infectious disease spread

The United States and Burkina Faso signed a five-year health agreement to strengthen regional health security and improve disease prevention capabilities in Africa.

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