“IT’S A CRAZY situation right now,” Aliko Dangote, Africa’s richest man, tells The Economist in an interview on March 12th in his office in Lagos, Nigeria’s commercial capital. He has returned after a few hours away to find that crude oil prices have surged by 10% because of the latest news from the Gulf. “And…
The head of the U.S. military’s Central Command says Iran is “operating in a sign of desperation” by targeting civilian sites in the war. In an interview with the Farsi-language Iranian opposition satellite network Iran International that aired early Monday, U.S. Navy Adm. Brad Cooper said: “They’re operating in a sign of desperation. … In…
The rand began the week at its lowest level in four months as escalating hostilities in the Middle East kept oil prices high, stoking inflation worries ahead of a much-anticipated interest rate decision. At 8.51am, the rand traded at R17.23/US$, down 1.3% from its previous close, at its weakest level sincelate November 2025. A sustained…
Nairobi — The effects of the conflict in the Persian Gulf are beginning to be felt worldwide. In addition to the impact on energy markets caused by the closure of the Strait of Hormuz, one of the less well-known but no less serious consequences affects African economies. This applies not only to macroeconomic effects such…
Dar es Salaam — STARTING May 1, 2026, China will fully implement zero-tariff treatment on 100 per cent of tariff lines for 53 African countries that have established diplomatic relations with China. This historic step is set to considerably change global trade relations. The policy tone for the country’s development under the CPC’s leadership is…
Iran parliament speaker says US president using idea of talks to ‘escape quagmire in which US and Israel are trapped’. Senior Iranian officials have denied that Iran held talks with the United States, just hours after US President Donald Trump claimed “very good and productive conversations” had taken place towards ending the war. Iranian Parliament…
Red Horizon shifts learning from passive instruction to immersive experiential practice. (Image source: Supplied) The Training Room Online (TTRO), an experiential and simulation-based education platform, has partnered with UBU, an artificial intelligence (AI)-powered 3D immersive platform, to introduce Red Horizon — an AI-driven 3D simulation designed to transform organisational and academic learning. According to a…
Kigali International Airport has been ranked the third best airport in Africa in the 2026 SKYTRAX World Airport Awards. The recognition adds to Rwanda’s broader efforts to position itself as a regional aviation hub, supported by ongoing investments in infrastructure and service delivery. ALSO READ: RwandAir wins three accolades at World Airline Awards The awards…
Cairo/Amsterdam — African Export-Import Bank (Afreximbank) and FCI will jointly host the Africa Regional Conference on Factoring, Receivables Finance & Credit Insurance on 15-16 April 2026 in Kampala, Uganda. As Africa moves towards a unified market, these financial tools serve as essential catalysts for bridging the trade finance gap, particularly for small and medium-sized enterprises…
HOUSTON — The Trump administration plans to bring additional diesel to the market as fuel prices surge, Energy Secretary Chris Wright told CNBC on Monday. “We do have some ideas on diesel, that we can bring extra diesel to the marketplace,” Wright told CNBC’s Brian Sullivan in an interview. “I think we’ll see that happen…
