Kenya Extends Reduced Fuel VAT Until October to Shield Consumers from Rising Energy Costs
On Tuesday, July 14 2026, the Kenyan Government has extended its reduced Value Added Tax (VAT) on petroleum products from 16 per cent to 8 […]
Iran
World Bank lowers Kenya’s 2026 growth forecast to 4.3% amid global uncertainty
The World Bank has revised Kenya’s economic growth forecast for 2026 to 4.3%, down from its November projection, citing the economic impact of the US-Israeli […]
Namibia Hikes Interest Rate to 6.75% Amid Rising Inflation Concerns
On June 17, 2026, the Bank of Namibia raised its benchmark repo rate by 25 basis points to 6.75%, marking its first interest rate increase […]
Kenya Suspends Transport Strike After Deadly Fuel Price Protests
Kenya on Tuesday announced a one-week suspension of a nationwide public transport strike following protests over soaring fuel prices that left four people dead. Onesimus […]
South Africa Announces Sharp Fuel Price Hike Amid Global Oil Pressure
The Department of Petroleum and Mineral Resources has announced significant fuel price increases effective Wednesday, with petrol rising by R3.27 per litre and diesel by […]
President Mahama Orders Fuel Tax Relief and Cheaper Transport to Cushion Oil Price Shock
John Dramani Mahama has directed immediate measures to ease the burden of rising fuel prices on Ghanaians, as global tensions continue to disrupt oil supplies. […]
African Union Backs Ceasefire in US-Israel Conflict with Iran, Warns of Economic Strain on Continent
The African Union has welcomed the ceasefire in the US-Israel war involving Iran, underscoring its economic repercussions across Africa while urging sustained diplomatic engagement to […]
AfDB warns Africa’s growth outlook was already under strain before Iran conflict
On 30 March 2026, the African Development Bank (AfDB) reported that risks to Africa’s economic growth were skewed to the downside even before the outbreak […]
Middle East Conflict Casts Shadow Over Global Recovery -SACCI
The South African Chamber of Commerce and Industry (SACCI) has cautioned that the ongoing Middle East conflict is undermining global economic recovery prospects, with potential […]
Hichilema Calls for Urgent Safeguards as Middle East Tensions Threaten Zambia’s Fuel Stability
Zambian President Hakainde Hichilema has urged swift and coordinated action to protect the country’s fuel security amid escalating tensions in the Middle East. Speaking during […]