Across Africa, diesel remains one of the most important fuels for economic activity, powering everything from public transportation and freight logistics to industrial machinery and agriculture. Compared to last month’s global average diesel price of $1.23 per liter, the new global average of $1.24 per liter saw Libya experience a slight price increase. Diesel prices…
Ghana is preparing to abolish value-added tax on mineral exploration and reconnaissance activities in a major policy shift aimed at reviving investment in its mining sector. Ghana plans to abolish the VAT on mineral exploration and reconnaissance activities to attract investments in the mining sector. The elimination of the 15% VAT aims to lower costs…
Morocco has achieved a historic milestone by exporting 1,200 tonnes of lemons to the United Kingdom over ten months, surpassing the total volume shipped in the last decade. Morocco has exported 1,200 tonnes of lemons to the UK, valued at $1.02 million, breaking a decade-long record. The country jumped from 31st to 11th place among…
Kenya Railways has unveiled plans to sell off city‑centre assets worth KSh16 billion (approximately $123 million) to settle long‑overdue pension obligations under its Staff Retirement Benefits Scheme. Kenya Railways is set to sell prime city assets worth $123 million to settle pension arrears. The move targets Makongeni and Ngara estates, amid delayed payments to retirees. Funds from the sales…
Rising violence in Mali has forced Ivory Coast to implement an emergency border lockdown. Officials say the measure is necessary to manage the sudden influx of refugees fleeing attacks in the southern part of the Sahel nation. Ivory Coast enhanced its northern border security due to a surge in Malian refugees fleeing violence in Mali.…
Uganda is accelerating efforts to end its dependence on imported petroleum products, following the signing of new commercial agreements tied to its long-awaited US$4 billion refinery project. Uganda has signed key agreements to advance its $4 billion oil refinery project aiming to reduce petroleum import dependence. The refinery will process 60,000 barrels per day and…
Guinea has begun exporting iron ore from Simandou, home to the world’s largest untapped reserves of the mineral. Guinea has begun exporting iron ore from the Simandou mines, which host the world’s largest untapped reserves. The Simandou project has been developed to transform Guinea’s economy, positioned as Africa’s second-largest mineral exporter. The project includes a…
The Central Bank of Kenya (CBK) is inviting investors to inject approximately $260 million (Sh40 billion) into the government’s coffers through the reopening of two long-term Treasury bonds, aimed at supporting the national budget. The Central Bank of Kenya (CBK) is seeking $260 million (Sh40 billion) from investors through the reopening of 15-year and 25-year…
Kenya has estimated that around 200 of its nationals are currently fighting in the Russia-Ukraine conflict, on the Russian side, and more could be drawn into the war. Approximately 200 Kenyan nationals are estimated to be fighting for Russia. Kenya’s President, William Ruto, previously requested Ukraine’s assistance in releasing Kenyans being held in Ukraine. Kenya’s…
