Aliko Dangote, Africa’s richest person, yesterday pushed to expand his refining footprint beyond Nigeria, unveiling plans to build a refinery of comparable scale in East Africa in partnership with governments in the sub-region. The proposed project is expected to be completed within four years, especially if East Africa’s regional leaders cooperate, Dangote stressed, kicking against…
Dar es Salaam — The East African Community (EAC), in collaboration with AGRA, has officially launched a high-level regional validation meeting for the Draft Regional Agri-Food Systems Investment Plan (RASIP 2026-2035) in Dar es Salaam, marking a significant step toward transforming agriculture and food systems across East Africa. The three-day meeting, running from April 21…
The State Minister for Sports, Peter Ogwang, has called for full commitment from East African governments and football stakeholders to ensure the successful delivery of the 2027 Africa Cup of Nations. He described the AFCON 2027 that will be co-hosted by Uganda, Kenya, and Tanzania as a defining moment for the region. Ogwang made the…
Dar es Salaam — CRDB Bank Group has significantly expanded its role in driving economic growth across East and Central Africa, channelling 13.7tri/- in loans and advances into key sectors including trade, manufacturing, infrastructure and Small and Medium-sized Enterprises (SMEs). This expansion reflects the Bank’s growing impact beyond traditional financial intermediation, positioning it as a…
The timing couldn’t be worse for a continent just beginning to recover from two recent global shocks. Africa is again staring down the barrel of an external shock. The Middle East crisis marks the third major supply disruption in less than a decade, following COVID-19 and the 2022 Russia-Ukraine conflict. In each case, an external…
NewsFeed Standing in front of a map of the Middle East, Israeli Prime Minister Benjamin Netanyahu describes how six countries ‘wanted to strangle us’ but instead ‘we strangled them… and we have more to do’. Ambassadors from Israel and Lebanon are set to hold talks in Washington DC on Tuesday, but they’ve issued conflicting statements…
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas. Richard Carson | Reuters Oil prices slipped below the $100 threshold on Friday amid persistent tensions around the Strait of Hormuz, with the vital shipping lane still largely closed…
The global economic environment has become increasingly volatile with rising frequency of major shocks worldwide. Amid spikes in energy, food and fertilizer prices caused by the ongoing conflict in the Middle East, the African Development Bank (AfDB) (www.AfDB.org), the African Union Commission (AUC) the United Nations Development Programme (UNDP), and the UN Economic Commission for…
Since the outbreak of war in the Middle East, disrupted trade routes have caused delays to the delivery of medicines and other humanitarian aid to crisis zones such as Sudan and Mali. The Strait of Hormuz, which links Dubai to Port Sudan on the eastern coast of Africa, is a vital transit point for the…
Global energy analysts have predicted that Nigeria, along with other oil-producing African countries, will become a major beneficiary of the ongoing Middle East conflict. According to industry observers, leading energy giants in Africa, including Nigeria, Libya, Angola, Gabon, Mozambique, Namibia, and Tanzania, are increasingly seen as lower-risk alternatives to Middle Eastern crude suppliers. The ongoing…
