Rwanda raises key interest rate to 8.25% as inflation surges
The Monetary Policy Committee of the National Bank of Rwanda has increased the Central bank rate by 100 basis points to 8.25 per cent, citing […]
Strait of Hormuz
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 […]
Senegal’s ICS secures raw materials, targets higher fertilizer output despite global supply disruptions
Industries Chimiques du Sénégal (ICS) has confirmed it secured critical raw materials in advance of the Middle East conflict, insulating its production pipeline from ongoing […]
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. […]
Tanzania Orders Officials onto Single Bus to Curb Fuel Use Amid Rising Costs
Tanzanian Head of State, Samia Suluhu Hassan, has directed government officials to travel together in a single bus during official engagements, as authorities move to […]
Cameroon Shows Economic Resilience in 2025 Despite Election Disruptions, IMF Warns of 2026 Risks
Cameroon’s economy demonstrated “remarkable resilience” in 2025 despite multiple shocks, including the October 12 presidential election, according to the International Monetary Fund in a report […]
Africa on alert: Hormuz crisis threatens fuel supply and economic stability
As tensions escalate between Iran, Israel, and the United States, Africa faces mounting economic risks following Iran’s parliamentary vote to close the Strait of Hormuz […]