Link to article: https://www.bbc.com/news/articles/czrepkppnl1o Somalia’s first offshore oil drilling station is a massive pivot for the nation’s economy, as it signals a shift from decades of plans and potential action to active operations. As of this week, Somalia has officially launched it first ever active offshore oil drilling operation. The drill sits on the Curad-1 Well, positioned deep in the… Read more »
Link to article: https://www.reuters.com/world/africa/south-africa-private-sector-returns-growth-iran-war-clouds-outlook-pmi-shows-2026-04-07/ For the first time in some years, South Africa’s economy and, more specifically, their private sector, is showing significant improvement and signs of upward trends, but there is a massive threat that could potentially throw all of it out the window. The conflict in the Middle East has the potential to tank South Africa’s market, dragging… Read more »
Link to article: https://www.barrons.com/articles/iran-war-oil-ethiopia-conflict-eritrea- It’s no secret that the United States and Israel’s war in Iran is actively affecting countries worldwide in increasingly harmful ways. With Iran’s retaliation in shutting off the Strait of Hormuz, the global economy has taken a hit, and markets are acting erratically. That isn’t to say that the conflict hasn’t offset potentially dangerous situations in… Read more »
Link to article: https://nation.africa/kenya/news/middle-east-crisis-iran-envoy-says-kenya-not-a-target-despite-hosting-us-base-5377482 Following the increasingly hostile conflict between Iran and the United States (and Israel), Iran’s ambassador the Kenya, Dr. Ali Gholampour, has reassured the Kenyan government that Kenya is absolutely not a target despite the fact that is hosts a US military base. Many countries in the Middle East with US military bases have been hit by… Read more »
Link to article: https://www.bbc.com/news/articles/cr5l7zdnjgpo The US government imposed sanctions on the Rwandan military and four of its senior commanders based on accusations that they were fueling the ongoing conflict in the eastern regions of the DRC by supporting a violent rebel group known as the March 23 Movement, or M23. The sanctions represent a significant escalation in Western-based pressure on… Read more »
Link to article: https://www.reuters.com/world/africa/south-african-rand-sinks-middle-east-conflict-adds-economic-uncertainty-2026-03-02/ The South African Rand has taken a massive hit as tensions in the Middle East have intensified over the past few days. The Rand, which has never been particularly stable, is fluctuating outside its usual trends to an alarming degree. From Friday to Monday, the Rand fell 1.6% at 16.15 against the US dollar. The dollar… Read more »