Economy
The Africa Forward summit in Nairobi brought together heads of state, investors and senior officials on 11 and 12 May 2026 with a focus on accelerating concrete economic partnerships across the continent. The meeting, co-chaired by Kenya and France, placed emphasis on investment-driven cooperation in......
African leaders gathering in Kenya for the Africa Forward Summit called for major reforms to the global financial system in order to improve access to credit and encourage investment across the continent. The summit, held in Nairobi with the participation of more than 30 African heads of state and government......
French shipping giant CMA CGM has signed a strategic partnership with the government of Kenya, marking a new step in its expansion across the African continent. The agreement was announced in Nairobi during the “Africa Forward” summit, in the presence of French President Emmanuel Macron......
African business magnate Aliko Dangote is reportedly considering Kenya as the location for a large oil refinery project aimed at strengthening energy infrastructure in East Africa. According to reports, the proposed refinery could process up to 650,000 barrels of oil per day, making it one of the largest......
China has extended its duty free trade policy to all 53 African countries with which it maintains diplomatic relations, positioning itself as the first major economy to grant unilateral tariff free access across nearly the entire continent. The only exception is Eswatini, which continues to maintain......
Two months after the outbreak of war in Iran, a global energy shock is forcing millions of households in Africa and South Asia to abandon cleaner cooking fuels and return to charcoal and firewood. The surge in fuel prices has disrupted access to liquefied petroleum gas and other modern energy sources,......
A month into the U.S.-Israeli military campaign against Iran, the effective closure of the Strait of Hormuz has disrupted African fuel markets, leaving countries from Kenya to Nigeria grappling with fuel shortages, soaring prices, and emergency rationing measures that threaten to deepen poverty across......
One month into the U.S.-Israeli war against Iran, the economic shockwaves of the conflict are spreading well beyond the Middle East, pressing households and industries across three continents. Iran's effective blockade of the Strait of Hormuz, through which roughly one fifth of global oil and liquefied......
The European Bank for Reconstruction and Development cautioned Tuesday that the ongoing Middle East conflict threatens economic growth across its regions. Higher energy costs, supply chain disruptions, and tighter financial conditions pose risks. Forecasts could drop 0.4 percentage points if oil prices......
The aviation sector in Morocco continues to expand rapidly, with the country emerging as one of the most dynamic air transport markets on the African continent. Recent industry analyses indicate that Morocco now ranks among the leading aviation markets in Africa while its national carrier, Royal Air......
African governments and banks are stepping up efforts to reduce reliance on the US dollar in trade and financial transactions as uncertainty over American tariffs unsettles global markets. Ecobank Transnational CEO Jeremy Awori told Bloomberg that erratic US trade measures are motivating companies across......
China has announced it will grant zero tariff treatment to imports from 53 African countries with which it maintains diplomatic relations, effective 1 May 2026. The policy, confirmed by state media and regional outlets, expands existing trade preferences that already provided duty free access to a group......
Morocco has officially opened the first pan-African coffee center at the Tanger Med port complex, positioning itself as a vital link for African coffee exports to Europe, the United States, and Asia. This initiative marks a significant transformation in the coffee trade landscape, aiming to dismantle......
