Africa faces renewed pressure as Iran shuts Hormuz route days after brief reopening
African economies are facing renewed cost pressures after Iran closed the Strait of Hormuz again on Saturday, April 18, reversing...
- Sunday, July 05, 2026
BusinessDay
African economies are facing renewed cost pressures after Iran closed the Strait of Hormuz again on Saturday, April 18, reversing...
US seizes Iranian vessel as Tehran rejects renewed peace talks The United States has escalated its confrontation with Iran after...
Israel and Lebanon have agreed to a temporary halt in fighting, pausing weeks of escalating violence while opening a narrow...
A sense of relief is rippling through global energy markets, with particular significance for African economies, after Iran signalled it...
David Cowan,Citi’s Chief Africa Economist has cast a spotlight on renewed sovereign debt risks across Africa, as rising oil prices...
One of the most powerful phrases young Nigerians grow up hearing is “you are the leaders of tomorrow.” Demographically, that promise...
The International Finance Corporation and Citigroup have agreed on a 1.6 billion rand borrowing facility to expand local currency financing...
China condemns US blockade of Iran’s ports as “dangerous escalation” China has sharply criticised the United States’ naval blockade of...
Africa’s oil market in 2026 reflects a paradox vast crude reserves but limited downstream strength. The continent holds roughly 7–8...
Tensions in the Gulf have entered a dangerous new phase after the United States moved to block maritime traffic linked...