Oil and gas: ‘Everything favours Africa now’
The current geopolitical turmoil has put global supply of oil and gas under pressure, but it has also created an opportunity for Africa to develop its vast resources, establish itself as an alternative supplier, and become a net exporter.
U.S. hits Nigeria, South Africa, and 58 other economies with 12.5pct tariff
The United States has unveiled a sweeping new tariff regime targeting imports from 60 economies, with Nigeria, South Africa, Egypt, Morocco, Algeria, Angola and dozens of other countries set to face a 12.5% tariff as President Donald Trump rebuilds his global trade wall under Section 301 of the Trade Act of 1974.
African central banks set to hold rates as inflation fears grow
African policymakers are set to keep interest rates higher for longer as renewed hostilities between the US and Iran fan fresh inflation fears, especially in countries that are net fuel importers.
Yuan makes inroads into Africa’s US$-dominated trade system as China-Africa trade nears $400 billion
The Chinese yuan is steadily gaining ground in Africa’s trade system as the continent’s economic ties with Beijing deepen, challenging the long-standing dominance of the U.S. dollar in select cross-border transactions.
All but one African country left out in China’s zero-tariff policy
Eswatini, a landlocked Southern African nation with a population of about 1.2 million, is the only African country excluded from China’s expanded zero-tariff policy.
Africa counts losses as US-Iran war hits 5 key sectors across the continent
Disruptions to shipping through the Strait of Hormuz are beginning to ripple across African economies, threatening fertiliser supplies, industrial inputs and trade flows while increasing freight costs and financial pressure on several countries.