Morocco, heavily reliant on imports for its energy needs, currently has enough diesel and petrol to last 51 and 55 days respectively, the energy ministry said on Thursday. Morocco has enough diesel and petrol reserves to last 51 and 55 days, with coal and gas supplies secured through June. International tensions and the lack of…
Following reports regarding a $29 billion divestment by Natie Kirsh, the South African billionaire has ascended to the position of the third-wealthiest individual in Africa, surpassing Nigeria’s Abdulsamad Rabiu. Natie Kirsh has become Africa’s third-richest person, overtaking Abdulsamad Rabiu. Rabiu’s net worth increased from $10.4 billion to $14.6 billion earlier this year but now stands…
West African Resources is poised for a landmark year in 2026, forecasting annual gold production of between 430,000 and 490,000 ounces, driven by its Burkina Faso operations. West African Resources forecasts annual gold production of 430,000–490,000 ounces in 2026, driven by operations in Burkina Faso. The surge is fueled by the first full year of…
Nigeria’s fintech leader, Flutterwave Inc., has been granted a full banking license by Nigerian regulators, a development the company says will deepen its role in the country’s financial system and make digital payments more efficient for consumers, small businesses, and large enterprises. Flutterwave has received a full Nigerian banking license, allowing it to hold deposits…
Toyota Tsusho Corporation, a major player in the Toyota Group and a multibillion-dollar conglomerate, has committed an additional $32 million to the development of Namibia’s Lofdal Heavy Rare Earths Project. Toyota Tsusho Corporation has invested an additional $32 million into Namibia’s Lofdal Heavy Rare Earths Project to boost production of critical minerals. The investment targets…
Egypt’s airports have registered a surprising surge in passenger numbers this year, even as conflict in the Middle East continues to disrupt global aviation and travel confidence. Egypt’s airports recorded an 8% year-on-year increase in passenger numbers from March 1–29, reaching 2.2 million travelers. This follows a strong start to 2026, with January and February…
South African gasoline prices are set to rise by the largest margin in nearly two decades as oil prices surge and the rand weakens amid the war in Iran. South African gasoline prices will rise by the largest margin in nearly 20 years due to surging oil prices and a weaker rand linked to the…
Following international coverage on the illegal recruitment of Kenyan citizens in the Russia/Ukraine war, the Kenyan government has successfully coordinated efforts to secure their release. The Kenyan government repatriated around 47 nationals who had been recruited to fight in the Russia-Ukraine conflict, but some Kenyans continue to participate willingly. Kenya’s government has declared that enlisting…
Officials from Uganda and Egypt have raised concerns over the growing economic strain on Africa as the ongoing conflict involving Iran continues to disrupt global energy markets and drive up food prices. African leaders are raising alarm over rising energy and food prices linked to the Iran conflict. Egypt and Uganda warn that global oil…
