NEWS

Africa set to lose billions in UAE, Saudi and Qatari Investment as U.S.–Iran war shakes Middle East economies

PerformanceBy Editor9th March 2026Leave a comment

Rising geopolitical tensions linked to the confrontation between the United States and Iran could prompt Gulf states to reassess overseas investment commitments, including major pledges to African economies that have increasingly relied on capital from the region. Rising US-Iran tensions are prompting Gulf states to reconsider their overseas investment plans, particularly in Africa. Gulf countries,…

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Dangote promises to shield Nigerians from war-driven energy inflation

PerformanceBy Editor6th March 2026Leave a comment

The Dangote Petroleum Refinery has promised to shield Nigeria from the conflict-driven energy inflation currently affecting some parts of the globe, in the face of a slight fuel increase. The Dangote Petroleum Refinery has increased fuel prices by N100 due to a rise in global crude prices and supply disruptions linked to Middle East tensions.…

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Egypt distances itself from Russian LNG tanker that sank in the Mediterranean

PerformanceBy Editor5th March 2026Leave a comment

Egypt’s petroleum ministry denied any connection to a Russian liquefied natural gas (LNG) tanker that sank in the Mediterranean on Wednesday. Egypt’s petroleum ministry denied involvement with the Russian LNG tanker that sank in the Mediterranean. The Arctic Metagaz sank between Libya and Malta after catching fire, according to Libya’s maritime rescue agency. Russia claims…

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World’s biggest container carrier MSC imposes war surcharge of up to $4000 per container on shipments to Africa

PerformanceBy Editor5th March 2026Leave a comment

World’s largest container shipping firm, Mediterranean Shipping Company (MSC) announced that it will introduce a “war surcharge” for cargo shipments to African nations and Indian Ocean islands from the Indian subcontinent and Gulf countries. MSC will introduce a war surcharge on cargo shipments from the Indian subcontinent and Gulf countries to Africa and Indian Ocean…

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Middle East crisis pushes oil prices higher, threatening several African economies

PerformanceBy Editor5th March 2026Leave a comment

The escalating conflict in the Middle East is raising economic risks for many African countries as rising oil prices threaten to weaken currencies, worsen trade balances and push inflation higher across the continent. Rising tensions in the Middle East have pushed global oil prices higher, creating economic risks for many African countries that rely heavily…

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Ghana signs debt restructuring deal with Belgium after 2022 default

PerformanceBy Editor5th March 2026Leave a comment

Ghana has signed a bilateral debt restructuring agreement with Belgium as the West African country continues efforts to rebuild its finances after a deep economic crisis forced it to default on its debt in 2022. Ghana has signed a bilateral debt restructuring agreement with Belgium as it works to stabilise its economy after the 2022…

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