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African nations seek financing alternatives as Iran war fuels inflation surge

The 2026 conflict involving Iran has intensified economic pressure across Africa, triggering a sharp rise in inflation, tighter monetary policy and renewed concerns over debt sustainability. The disruption to energy flows following instability around the Strait of Hormuz has added further strain to economies already facing fragile growth conditions.......

Islamic State Leader killed in joint U.S.-Nigeria operation, Trump says

U.S. President Donald Trump announced that American and Nigerian forces carried out a joint military operation that resulted in the death of a senior leader linked to the Islamic State in Nigeria. According to statements released by the U.S. administration, the operation targeted Abu-Bilal al-Minuki, a militant figure described by American......

Moroccan banks expand across Africa to strengthen regional financial links

Bank of Africa signaled a broader transformation in Morocco’s banking sector when it rebranded from BMCE in 2020. The change reflected more than a new corporate identity. It illustrated the growing ambition of Moroccan financial institutions to position themselves as regional banking groups capable of connecting markets across Africa......

Morocco prepares fundraising push for $25 billion Nigeria gas pipeline

Morocco is preparing to launch a fundraising effort to support the construction of a $25 billion gas pipeline linking Nigeria to Morocco, a project designed to strengthen regional energy integration and expand supply routes to Europe. The initiative will be led by National Office of Hydrocarbons and Mines, which recently gained new financial......

Nigeria pushes pan-african digital growth at GITEX Africa 2026

Nigeria is positioning itself as a central player in Africa’s expanding technology ecosystem, focusing on startup scaling, regional collaboration, and the development of digital infrastructure across the continent. The shift comes as African countries move from technology adoption toward building integrated digital systems capable of......

UAE exit from OPEC raises risk of further departures

The United Arab Emirates’ decision to leave OPEC has intensified scrutiny of the oil cartel’s cohesion, as analysts warn that tensions over production quotas could push other members to follow. The move highlights long-standing divisions within the group, particularly between countries investing in higher output capacity and those......

Energy shock from Iran war drives return to wood fuel

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, pushing vulnerable populations toward......

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