Oil prices increase after Iran doubles down on Strait of Hormuz closure, accuses US of undermining trust
Brent crude, the international benchmark, has gone up about 2.14 percent to $107.58. US crude increased 2.08 percent to $96.36.
South Africa loses $45 million Nissan investment to Egypt
Nissan is doubling down on production capacity in Egypt, where it sees stronger export potential and lower operating costs.
10 African countries with the lowest diesel prices in April 2026
Geopolitical instability has translated into sharp diesel price surges, with rises of up to 30-70 percent in certain nations.
Implats optimistic on year target, as Zimplats records higher tonnage
The group said the tonnage milled at Zimplats increased “on the back of improved mining fleet availability and higher open-pit volumes at Zimplats”.
Stocks at record highs, shrugging off the Iran war
The S&P 500 and Nasdaq Composite hit record highs on Wednesday, resuming a rally despite the rise in oil prices. It’s a stark shift from last month, when higher oil prices sent stocks lower.
Aliko Dangote’s son-in-law now in charge of logistics at the family’s $33 billion empire
Jamil Mohammed Abubakar, an aviation professional, has been appointed Managing Director of Infrastructure & Logistics at the Dangote Group by his father-in-law, Aliko Dangote, extending a series of family-linked leadership moves across Africa’s largest industrial conglomerate.
Zim, Botswana plan passport-free travel, use national IDs only
The plan was confirmed by Presidents Emmerson Mnangagwa and Duma Boko during the fifth session of the Zimbabwe-Botswana Bi-National Commission in Harare .
Gold boom lifts Africa’s reserves to $530 billion
The jump highlights how African economies are adjusting reserve strategies as currency volatility, inflation risks, geopolitical tensions and tighter global financing conditions continue to pressure emerging markets.
Zim tobacco sales reach 150 million kg
Auction floors have so far sold a total 8.81 million kg of the golden leaf at an average of US$2.06 per kg, while contract sales pushed 141.12 million kg at an average US$2.69 per kg.
General Beltings profits plunge 96pct
General Beltings Holdings recorded a $38 950 profit after tax for the year ended 31 December 2025, down 96 percent from $1.029 million posted prior year.