Fuel prices have risen across Africa in recent weeks, owing primarily to global crude oil volatility amid Middle Eastern tensions. Nigeria, South Africa, Ghana, Egypt, and Somalia have all seen significant price increases, raising concerns about the wider economic and social implications. Fuel prices have sharply increased across many African countries due to global crude…
Ghana will move forward on Tuesday with a new sliding‑scale gold royalty regime that ties state revenues to rising bullion prices, the country’s mining regulator told Reuters. Ghana will implement a new sliding-scale gold royalty regime that links state revenues to rising gold prices. The policy faces opposition from the US, China, other Western governments,…
Egypt attracts roughly $400 million in annual investment into its entrepreneurship sector, according to Amr El Abd, entrepreneurship adviser to Prime Minister Mostafa Madbouly, highlighting the country’s growing appeal as a destination for startup capital in Africa. Egypt is attracting roughly $400 million in annual investments into its entrepreneurship sector. Officials say the inflow highlights…
Nigeria, Senegal and Mali have emerged as the largest weapons importers in sub-Saharan Africa, reflecting rising defence spending as governments respond to insurgency, terrorism and regional instability. Arms imports in sub-Saharan Africa rose by 13% between 2016–2020 and 2021–2025, even as overall African imports declined. Senegal and Mali have become leading arms importers in sub-Saharan…
Mercedes-Benz Group AG is exploring the possibility of sharing its South African manufacturing plant with Chinese automaker Great Wall Motor Co., a move that could strengthen the facility amid US trade tariffs. Mercedes-Benz is considering sharing its South African manufacturing plant with China’s Great Wall Motor (GWM) to bolster operations amid new US tariffs. Discussions…
Egyptian billionaire Naguib Sawiris has condemned Iran’s recent missile and drone attacks on the United Arab Emirates, describing the assault as more than just a military operation. Egyptian billionaire Naguib Sawiris condemned Iran’s missile and drone attacks on the UAE, calling them an attack on freedom and progress. Iran launched 186 ballistic missiles and 812…
The United States government has issued a fresh security advisory for its citizens in Nigeria, warning of potential threats against U.S. facilities and affiliated schools. Americans in Nigeria are urged to exercise caution, vary travel routines, stay alert, and review personal security plans. The U.S. government issued a new security advisory for its citizens in…
A shipment of liquefied natural gas (LNG) from Nigeria has been redirected from Europe to Asia after a sharp spike in Asian gas prices created a lucrative arbitrage opportunity for traders, highlighting how rapidly shifting global energy markets can reshape trade routes. A Nigerian liquefied natural gas cargo has been rerouted from Europe to Asia…
A surge in global oil prices triggered by the escalating conflict involving Iran is sending shockwaves through African economies, raising the prospect of higher fuel costs, rising inflation, and renewed pressure on already fragile currencies across the continent. Rising oil prices linked to the Iran conflict are sending economic shockwaves across African fuel markets. Because…
