Southern Africa: Namibia Must Take the Time to Get the Petroleum Bill Right/in /by
[Namibian] Namibia's offshore petroleum discoveries have placed the country on the global energy map, raising hopes of jobs, revenue, and long-term development.
Senegal divided over former president Macky Sall’s candidacy for UN chief/in /by
Macky Sall to succeed United Nations Secretary General Antonio Guterres? Not everyone in Senegal likes the idea. Victims of the violence in 2021 and 2024 under the former president’s regime are strongly opposed. So are some of ruling majority, including this member of parliament.
Egypt’s currency plunges to historic low, billions in foreign funds exit/in /by
The Egyptian pound fell on Sunday to its lowest level on record, dropping for the first time below 52 pounds to the US dollar on official markets.
Cocoa beans rot in Ivory Coast after commodity crash/in /by
In 2024, a surge in cocoa on international markets reached more than $12,000 per metric ton, the highest in decades. Then it crashed to around $4,000 as supply outstripped demand
Cocoa crash leaves West African farmers struggling despite global chocolate demand/in /by
Cocoa farming supports an estimated six million farming families across West Africa, along with tens of millions more in related supply chain roles.
Nigeria: M/East War Pushes Up Petrol, Food Prices/in /by
[Daily Trust] Escalating tensions in the Middle East are beginning to ripple across Nigeria's economy as rising global crude oil prices push up the cost of petrol, triggering increases in transport fares and food prices in several parts of the country.
Strait of Hormuz crisis: War in the Middle East drives oil over $100/in /by
Brent crude jumped 17 percent today to trade at $107 a barrel. That’s the highest level since 2022, when Russia’s invasion of Ukraine roiled global energy markets.
Kenya evacuates tourists as death toll from flooding rises/in /by
At least 42 people have died, local media reported Monday. Most of the deaths occured in the capital, Nairobi
Mojtaba Khamenei: Iran’s new supreme leader/in /by
Mojtaba Khamenei, the son of late Iranian supreme leader Ali Khamenei who has been appointed as the new head of the Islamic republic, is a discreet figure who offers continuity of his father's hardline leadership
Nigeria: Again, Dangote Refinery Raises Petrol Gantry Price As Iran Conflict Rattles Oil Market/in /by
[Premium Times] The Dangote Petroleum Refinery has increased its petrol gantry price by N121 to N995 per litre, citing rising crude costs and supply disruptions linked to the escalating United States-Israel conflict with Iran.