Hormuz
Every story we have published on Hormuz.
EU’s steel tariff hits South Africa
The EU’s new steel import framework took effect July 1, imposing annual quotas with a 50% tariff on volumes above the thresholds, under regulation 2026/1384 published June 24. Quotas are allocated by product category…
Kenya awards JKIA rebuild to China
Kenya signed a Ksh154.2 billion ($1.2 billion) contract with China Road and Bridge Corporation on June 23 to modernise Jomo Kenyatta International…
South Africa’s June 30 shutdown arrives
Anti-immigration protesters marched across South Africa’s major cities on June 30, the deadline set by the March and March movement for undocumented…
Ghana’s 1,400bps rate cut leads Africa
Ghana’s Bank of Ghana cut its benchmark rate by a cumulative 1,400 basis points from 28% in January 2025 to 14% by March 2026, the most aggressive…
Kenya revives $1.2bn JKIA expansion
Kenya has appointed the Trade and Development Bank and Africa Finance Corporation to arrange $1.2 billion in financing for the expansion of Jomo…
Stop checking passports, SA minister warns
South Africa’s Justice Minister Mmamoloko Kubayi warned at an Inter-Ministerial Committee on Migration briefing on June 14 that private citizens…
Airtel Zambia joins the $1bn club
Airtel Networks Zambia Plc crossed US$1 billion in market capitalisation on the Lusaka Securities Exchange on June 8, 2026, becoming one of the most…
UK launches £15m Nigeria growth programme
The UK and Nigeria launched a £15 million three-year Growth Programme on June 12 during UK Minister for Africa Baroness Jenny Chapman’s visit to…
Ghana pitches Voltaian Basin to Canada
Ghana’s Petroleum Commission Acting CEO Emeafa Hardcastle led discussions at the 2026 Global Energy Show in Calgary pitching investment…
China embeds deeper in Africa’s ports
China holds stakes in roughly one-third of African ports, has invested $50 billion in port infrastructure since 2013, and accounts for 22% of all…
Kenya wins the ICA-Africa chair
McLoud Malonza, Chair of Co-operative Bank Holdings and the Co-operative Alliance of Kenya, was elected Chairperson of ICA-Africa in Maputo on June…
Tanzania and Singapore strike first partnership
Singaporean President Tharman Shanmugaratnam made the first-ever state visit by a Singaporean head of state to Tanzania on June 9, marking the 45th…
Ramaphosa tightens immigration amid unrest
President Ramaphosa announced a sweeping immigration crackdown in a June 7 national address, committing to tighter border controls, faster…
AFC closes record $2bn syndicated loan
Africa Finance Corporation raised a record $2 billion syndicated loan on June 4, upsized from $1.6 billion after strong demand from 26 lenders…
Berbera’s rise reshapes East Africa trade
Berbera Port in Somaliland has expanded to 500,000 TEUs annually and is positioning itself as a major trade gateway for Ethiopia and the Horn of…
Six pacts as Ruto visits Pretoria
President Ruto’s June 4 state visit to South Africa yielded six bilateral agreements covering trade facilitation, skills development and maritime…
Ghana’s FDI quadruples to $2.61bn
Ghana attracted $2.61 billion in FDI in 2025, more than four times the $652 million in 2024, according to provisional GIPC data released in late May…
Ghana’s AgriConnect plan targets 2.6m jobs
Ghana launched the AgriConnect Compact on June 3 with World Bank, IFAD and IFC support, targeting 2.6 million jobs by 2035 and food security for…
Mauritius bank plugs Africa’s $92bn trade hole
Mauritius Commercial Bank announced a $1 billion trade finance facility on June 1, to be deployed over four years to support intra-African trade and…
Africa’s $164bn sovereign funds eye minerals
Africa’s sovereign wealth funds have surpassed $164 billion in combined assets and are repositioning as active co-investors in mining development.…
Markets price Senegal for debt restructuring
JPMorgan’s May 26 research note revealed that Senegal’s 2033 Eurobonds are pricing in a restructuring scenario with a 15% haircut, five-year…
AGOA clocks out in December 2026
The African Growth and Opportunity Act expires December 31, 2026. A one-year extension signed by Trump in February restored lapsed benefits, but the…
Hormuz closure sends buyers to West Africa
The near-total closure of the Strait of Hormuz is redirecting global crude buyers toward West Africa and Latin America, creating a demand surge for…
Lamu, Mombasa, Tanger Med: Africa’s ports are winning
Kenya’s Lamu port received 74 vessels in the first ten weeks of 2026, a third of all calls since it opened in 2021. Mombasa dwell times are down to…