Oil prices rose Monday as doubt grew that the U.S. and Iran will reach a deal to increase ship traffic through the Strait of Hormuz. U.S. West Texas Intermediate futures climbed 2.9% to $80.42 per barrel by 10:25 a.m. ET. Brent crude, the international benchmark, was up 2.8% to $85.87 a barrel. President Donald Trump told Axios…
The prolonged disruption of shipping through the Strait of Hormuz has exposed how vulnerable Africa’s economies are to geopolitical shocks. Fuel prices have remained elevated, squeezing economies that depend heavily on petroleum imports from the Middle East. These include Ethiopia, Kenya, Mozambique, South Africa, Tanzania and Uganda. This vulnerability also puts at risk the continent’s…
Asgarali Mia, principal consultant and data strategy advisor at iOCO. Historically, financial planning processes were fragmented across departments, reliant on past data and led almost exclusively by the finance function. Today, artificial intelligence (AI) is driving a fundamental reimagining of financial planning as an enterprise-wide capability that is integrated, forward-looking and continuously adaptive. AI advances,…
The hidden economics of ageing, migration and family responsibility Ask an older African a simple question: Who will look after you when you grow old? For generations, the answer came without hesitation: our children. It was never a legal contract or financial product, but an unwritten agreement between generations. Parents raised their children believing that…
Ben Jones, the man known as both Cooter from “The Dukes of Hazzard” television series and a former U.S. congressman from Georgia, died Sunday. He was 84. Jones died after a heart attack in his home in Virginia, his wife, Alma Viator, said on Facebook. “I lost the love of my life today. Ben passed…
Djibouti — Pakistan’s ambassador to Djibouti, Aqsa Nawaz, met with Somalia’s ambassador to Djibouti, Ahmed Abdullahi, and Ahmed Khayre, the consul responsible for political affairs and the Intergovernmental Authority on Development, or IGAD, to discuss strengthening bilateral cooperation and regional security. The meeting focused on ways to build on the longstanding ties between Somalia and…
ZARP Stablecoin co-founder Simon Dingle South Africa should scrap exchange control altogether, according to Simon Dingle, co-founder of rand stablecoin ZARP, who said the country’s capital controls have achieved the opposite of what they were designed to do. “Ultimately, South Africa has to abolish foreign exchange control,” Dingle told TechCentral. “Unfortunately the damage has already…
How Sifuna is changing the 2027 presidential polls narrative and why State House has panicked Senator Edwin Sifuna with Trans Nzioa Governor George Natembeya and Kakamega Senator Dr Bonny Khalwale during a rally in Kakamega. PHOTO/UGC. By PATRICK MAYOYO [email protected] I watched Nairobi Senator Edwin Sifuna’s interview with Citizen TV’s Yvonne Okwara, and the developments…
At least 13 people have been killed in a Ukrainian drone strike on the Russian republic of Tatarstan, officials have said. One child was among the victims with 75 more people injured, Russian authorities said, in one of the deadliest single attacks on Russia since the start of Moscow’s full-scale war in Ukraine. Kyiv has…
The maiden investment summit is set to take place in Toronto from 10 to 15 August 2026 Zamfara State Governor, Dauda Lawal, some other state governors, and the President’s Chief of Staff will represent Nigeria at the Canada-Africa Summit on digital rails and inclusive growth. The maiden investment summit is set to take place in…
