African economies raise fuel prices as Middle East crisis drives oil higher
Nigeria, Egypt, Ethiopia, and Zimbabwe have raised domestic fuel prices as global oil costs surge and supply disruptions linked to...
- Saturday, June 06, 2026
BusinessDay
Nigeria, Egypt, Ethiopia, and Zimbabwe have raised domestic fuel prices as global oil costs surge and supply disruptions linked to...
Africa’s economic outlook continues to shift as stronger bank earnings, improving growth in key economies and rising commodity prices reshape...
Africa’s billionaires are richer than ever, with their combined wealth surpassing $126 billion, helped by a rally in equity markets...
With gold prices near historic highs, African governments are increasingly treating the metal not just as a mining commodity but...
Benin slipped into deflation in February 2026 for the first time in 14 months as falling food and service costs...
Standard Bank, Africa’s largest lender by assets, posted an 11 percent rise in annual headline earnings as strong growth in...
February marked a strong start to 2026 for African markets, with multiple central banks beginning to cut interest rates after...
Egypt has raised domestic fuel prices by as much as 17 percent, just as inflation accelerated to its highest level...
South Africa’s economy expanded at its fastest pace in three years in 2025, supported by stronger output in agriculture, trade...
FirstRand Limited, Africa’s most valuable bank by market capitalisation, is exploring expansion in Ghana and Nigeria as it seeks to...