Kampala — The Africa Supply Chain Confederation says the continent is bracing for rising fuel and food prices following the escalating disruptions in the Strait of Hormuz. This critical global oil transit route has been partially blocked due to the war in Iran. Ronald Mlalazi, the Confederation’s President, says the war involving Iran has moved…
13m ago Water desalination plant on Iran’s Qeshm island in Strait of Hormuz reportedly offline after strike Iranian media said Tuesday that an Israeli or U.S. airstrike had taken a water desalination plant on the Persian Gulf island of Qeshm offline. According to the Iranian government affiliated Borna News, the head of the Ministry…
An oil tanker unloads crude oil at a terminal at the port in Qingdao, in China’s eastern Shandong province on March 11, 2026. – | Afp | Getty Images Chinese industrial firms saw their profits surge in the first two months of this year as officials pressed ahead with efforts to contain the fallout from…
The attacks by the US and Israel on Iran, which started on 28 February 2026, upended key supply chains, driving oil prices above US$100 a barrel. The spike followed Iran’s closure of the Strait of Hormuz in response to the US and Israeli action. About 20% of the world’s oil supplies are transported through the…
There is anxiety that Nigerians may continue to pay more for Premium Motor Spirit, PMS, also known as petrol alongside Automotive Gas Oil, called diesel as the price of crude oil rose to above $100 per barrel, yesterday. Many Nigerians had looked forward to lower fuel energy cost, following a drop on Wednesday to $92,…
MultiChoice Group parent, London-listed Canal+, has highlighted the cost of entering the DStv ecosystem as a big factor slowing subscriber growth of its main satellite offering. In an investor presentation following the release of Groupe Canal+’s results for the year ended 31 December 2025 on Wednesday, Canal+ Africa CEO David Mignot said the cost of…
It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway.
After an uncharacteristically long delay following the debut of the standard M5 chip last fall, Apple has finally unveiled its high-performance MacBook Pro lineup. These refreshed 14-inch and 16-inch models feature the new M5 Pro and M5 Max silicon, promising a substantial leap in professional-grade power. While the hardware arrives with impressive internal upgrades, it…
Brent crude jumped 10% to about US$80/barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after US and Israeli strikes on Iran plunged the Middle East into a new war. “While the military attacks are themselves supportive for oil prices, the key factor here…
South African technology retailers are warning consumers and businesses to brace for further price hikes on key computer components as a global shortage driven by AI demand squeezes supply of memory chips, solid-state drives and graphics cards. Three of the country’s online retailers – Evetech, Dreamware Technology and Tech.co.za – have told TechCentral that the…
