• Middle East war to spark biggest energy price surge in 4 years

    Middle East war to spark biggest energy price surge in 4 years

    Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, according to the World Bank Group’s latest Commodity Markets Outlook. Overall commodity prices are forecast to rise 16% in […]

  • Cameroon ‘B’ rating affirmed by Fitch; new Vice-Presidential role seen as stabilizing

    Cameroon ‘B’ rating affirmed by Fitch; new Vice-Presidential role seen as stabilizing

    Fitch Ratings has affirmed Cameroon’s long-term foreign-currency sovereign rating at “B,” maintaining a negative outlook in its latest assessment published on Friday, April 24. The rating reflects moderate growth, contained debt and access to financial markets, but is constrained by weaknesses in public financial management and political uncertainty. Fitch said risks surrounding political succession have […]

  • Iran to charge ships passing Strait of Hormuz in rial

    Iran to charge ships passing Strait of Hormuz in rial

    A motion being prepared in the Iranian parliament to regulate future transit through the Strait of Hormuz in the Persian Gulf stipulates that ships allowed to pass through the key waterway must pay tolls in Iranian rial currency. The chairman of the Iranian parliament’s National Security and Foreign Policy Committee, Ebrahim Azizi, said on Monday […]

  • Yaoundé launches first census since 2005 to update data for planning

    Yaoundé launches first census since 2005 to update data for planning

    Cameroon launched its fourth general population and housing census on Friday, April 24, across the country. The census aims to count the population and collect data on living conditions, as well as agriculture and livestock. The $23.7 million operation (about 13.26 billion CFA francs) is expected to provide reliable data for development planning, public policy and […]

  • Yaoundé: Biya to get a deputy for first time in 43-year rule

    Yaoundé: Biya to get a deputy for first time in 43-year rule

    President Paul Biya, the world’s oldest leader, is set to get a vice-president for the first time in his four-decade rule following controversial constitutional changes backed by parliament. Should anything now happen to Biya, 93, the vice-president will automatically step in and complete the term before a new election is held. The position was scrapped […]

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