Morocco debuts MASI 20 futures on Casablanca Exchange

MASI 20 futures trading begins in Morocco under new regulatory framework for derivatives and equity market growth.

OPEC+ raises oil output again amid warnings over war damage

OPEC+ agreed to raise oil production quotas while warning that war damage to energy infrastructure and disrupted shipping routes could prolong volatility and threaten global energy supplies.

AU warns Middle East war could trigger cost-of-living crisis

The conflict threatens growth and inflation while creating limited gains for some ports and exporters in Africa.

Nigerian oil producer Seplat resumes operations after strike

Workers at Seplat Energy halted industrial action as the company committed to pay increases and collective bargaining talks continue.

Africa maintains growth despite debt and global uncertainty

Africa sustains broad economic growth despite debt, climate risks, and global uncertainty, with East, North, and West Africa driving regional integration and diversification.

Africa hikes fuel prices as Iran war drives global oil higher

African governments across South Africa, Ghana, Malawi, and other nations raised fuel prices sharply as the Iran war drives global oil costs higher.

Sudan risks import crisis as war drives shipping costs higher

Rising shipping costs and war tensions threaten Sudan’s imports, food supply and fragile economy

UAE rolls out emergency support to soften economic blow

Dubai announced $272 million in aid for citizens, families, and businesses to mitigate economic disruption caused by Iran’s attacks and regional instability.

South Sudan, Mauritius face energy strains amid global fuel shortages

Mauritius and South Sudan are introducing energy restrictions and power rationing as African nations face fuel shortages caused by the Iran conflict disrupting oil supplies.

Nigeria exports fuel as global oil deliveries falter

Nigeria’s Dangote Refinery has started exporting fuel to several African nations after Middle East war disruptions pushed global oil prices higher.

Oil prices rise after Trump and Iran threaten attacks on energy sites

Energy prices rose sharply after Trump and Iran increased tensions with threats against Middle East facilities.

Egypt will pay $1.3 billion in arrears to foreign oil companies

Egypt will pay $1.3 billion in arrears to foreign oil companies by June, aiming to boost local production and reduce reliance on energy imports.

Energy prices surge as Iran attacks rattle global markets

Oil markets rally while equities decline as escalating Iran strikes fuel fears over global energy supply disruption and inflation risks.

KCB Group earnings grow on Kenya and South Sudan expansion

KCB Group reported an 11 percent rise in 2025 pre tax profit, driven by stronger lending income and contributions from Kenya and South Sudan operations amid economic uncertainty.

Global markets tumble as Middle East war fuels oil spike

Global stock markets fell as Middle East conflict raised oil prices, stoked inflation fears, strengthened the dollar, and caused sharp losses across Asia and Europe.

South Africa’s debt stabilises for first time in nearly two decades

South Africa’s debt stabilises for the first time in 17 years while the government increases spending on security and plans cautious economic growth.

Zambia allows Mopani mine to resume operations

Zambia’s regulator cleared Mopani Copper Mines to resume underground work after implementing technology and CCTV systems that meet safety regulations for miners.

US pauses $1.6B health deal with Kenya over court case

The United States has paused a 1.6 billion dollar health cooperation framework with Kenya pending a High Court ruling, while continuing support through alternative channels.

Libya grants oil licences to Chevron and BP

Libya awarded oil exploration licences to major foreign companies, but limited bidding reflected ongoing political division and security concerns despite rising production and new investment deals.

Africa’s Jumia expects to break even in late 2026

Jumia narrowed its losses in 2025, plans to break even in late 2026, and aims for full-year profit next year through growth and cost cuts.

Ghana cuts offshore exposure for local fund managers

Ghana’s securities regulator has ordered fund managers to reduce offshore investments, aiming to protect the cedi and support stability as the country exits an economic crisis.

Nigerian court orders UK to compensate families killed in 1949

A Nigerian court has ordered the British government to pay $572 million and issue a formal apology to the families of 21 coal miners killed by colonial security forces in 1949.

NNPC seeks Chinese partner to revive loss making oil refineries

Nigeria’s NNPC is negotiating with a Chinese company to take an equity stake in one of its refineries as part of efforts to revive loss making plants.

Mozambique’s Chapo opens major Chinese graphite plant

President Daniel Chapo inaugurated a 200,000 metric ton graphite processing plant in Nipepe to transition Mozambique from a raw material supplier to a processed mineral exporter.

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