Iran responds to US peace proposal as tensions escalate in the region
Washington is reviewing Tehran’s response to its latest proposal for ending the war.
South Africa hikes fuel prices sharply as Middle East tensions disrupt global supply
Petrol prices will rise by $0.19 (R3.27) per litre, while diesel will jump more sharply by $0.37 (R6.19) per litre.
African govts need to take urgent action on fertiliser shortages
The conflict between the United States, Israel and Iran is disrupting global fertiliser trade flows – and this stands to leave millions of African farmers without the ammonia, urea, phosphate, sulphur and other fertiliser inputs vital to growing more food in sub-Saharan Africa.
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.
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.
Iran war seen boosting Africa’s renewable energy deals
Private renewable-energy investments in Africa are set to accelerate as the Iran war drives nations to try and cut their dependence on imported oil and gas.
Nigerian airlines brace for shutdown as US–Iran conflict disrupts aviation fuel supply
Nigeria’s domestic aviation industry is edging toward a potential shutdown as operators grapple with a sharp and sustained spike in fuel costs, raising concerns about widespread disruptions to air travel and economic activity.
World Bank trims Zim growth outlook amid global headwinds
The adjustment reflects mounting geopolitical pressures, particularly tensions in the Middle East, alongside persistent structural challenges and rising debt-servicing obligations that continue to weigh on the country’s economic trajectory.
Zambia loses $200 million revenue after cutting fuel taxes to shield businesses
The country suspended excise duty and removed Value Added Tax (VAT) on petrol and diesel imports for three months starting April 1.
29 African currencies knocked down by Middle East war: AU,AfDB
At least 29 African currencies have weakened, according to a joint assessment by the African Union and the African Development Bank, amplifying the cost of servicing external debt and importing essential commodities such as food, fuel, and fertiliser.