Thursday, May 21, 2026 - 00:24:49
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South African motorists are bracing for pain at the pump after the Department of Mineral Resources and Energy announced steep fuel price hikes effective 6 May 2026. Petrol is set to jump by around R3.27 per litre, while diesel faces an even sharper R6.19 increase per litre—among the largest adjustments in recent memory. The culprit? […]
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Zambian consumers received rare good news this week as annual inflation slipped to 6.8% in April 2026, down from 7.1% the previous month. The Zambia Statistics Agency described the fourth consecutive monthly decline as a “gradual slowdown,” with food inflation easing to 7.3% on softer prices for mealie meal, maize and cooking oil. It is […]
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Uganda’s foreign exchange reserves have skyrocketed nearly 70% in a single year, climbing to $5.6 billion by the end of January 2026. The Bank of Uganda confirmed the stunning 69.7% jump from $3.3 billion a year earlier, crediting a surge in foreign direct investment—especially into the country’s nascent oil sector. This is more than a […]
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In a move that could reshape global trade for years, China has flung open its doors to African goods with full zero-tariff access for 53 of the continent’s 54 nations. Effective from 1 May 2026, the policy extends duty-free treatment to every African country with diplomatic ties to Beijing—except Eswatini, which still recognises Taiwan. For […]
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If you want to understand where the world’s most dynamic economies are right now, you may need to start by looking at a map of Africa. While much of the developed world grapples with sluggish growth, ageing populations and the lingering aftershocks of pandemic-era disruptions, a cohort of African nations is expanding at a pace […]
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There is a story being told about Africa in 2026 — one of resilience, investment and rising growth. It is a story worth telling. But there is another story, quieter and less celebrated, unfolding in the shadow of the headlines. It is the story of the economies falling further behind. While the continent’s fastest-growing nations […]
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In the halls of power in Monrovia and the boardroom of the International Monetary Fund in Washington, today marks a pivotal moment for the Republic of Liberia. The approval of a 21-month, $266 million funding arrangement is more than just a line of credit; it is a rigorous, structured attempt to bulletproof an economy that […]
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In the cotton-growing villages of western Burkina Faso, the trucks from SOFITEX have arrived every season for decades. They come at harvest time, collecting the white bolls that smallholder farmers in Boucle du Mouhoun have grown under the company’s input credit system — seeds and fertilizer on credit, repaid in cotton at harvest. The arrangement […]
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On a Friday in mid-April 2026, West African Resources Limited suspended trading in its shares on the Australian Securities Exchange. The company’s statement was measured — a trading halt to “ensure orderly trading and an informed market” while it prepared a formal response to a government proposal. The share suspension lasted until April 21. What […]
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The Democratic Republic of Congo is on the verge of a quiet milestone that would have seemed improbable a decade ago. According to the International Monetary Fund’s latest Regional Economic Outlook released in April 2026, the DRC’s GDP is projected to reach $123 billion this year, nudging just ahead of Ethiopia’s $122 billion and vaulting […]
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