First Independent Mena Newspaper
Gold prices surged to historic highs in 2025, repeatedly approaching $4,000 an ounce, according to the World Gold Council, as geopolitical tensions, global inflation and aggressive central bank buying drove demand for the safe-haven metal. The rally has reignited debate over Africa’s role in the global gold market. The continent holds nearly 30% of global […]
Despite government efforts to combat rising red meat prices through import liberalization and suspended customs duties, Moroccan consumers continue facing financial strain. Industry experts and consumer advocates criticize the current approach as inadequate, calling for fundamental restructuring of the national livestock sector rather than temporary measures. Market dynamics reveal persistent price volatility despite intervention attempts. […]
Nigeria is in the grip of a severe fuel crisis, characterized by widespread shortages and dramatic price increases. The state-owned Nigerian National Petroleum Corporation (NNPC) has raised fuel prices from 617 naira to 897 naira per liter, citing debts and rising global costs. This hike has triggered a domino effect, with private sellers pushing prices […]
Inflation constitutes one of the major economic problems all across Africa, with the food prices in the Democratic Republic of Congo (DRC) and South Africa continuing to rise significantly and with the Senegalese government announcing a rise in fuel and electricity prices starting from Saturday January 7. In its latest update on food inflation, the […]
Lingering effects of the Covid-19 pandemic and the Russia-Ukraine war pose huge challenges to the continent, a recent African Economic Outlook report by the African Development Bank (ADB) concluded. As the war in Ukraine and coronavirus pandemic continue to bite, pushing millions of Africans into extreme poverty, locals are hoping initiatives by the ADB and […]