By the AFREEQUE newsroom, based on Daily Maverick
Rising fuel prices are weighing on disposable income and influencing a wide range of discretionary spending. This is reflected in particular in changing demand for airline tickets and choices about products such as kale chips, while prices could rise further.
Major global stock markets fell on Thursday, with the Nasdaq down 2.60%, amid concerns about investment spending on artificial intelligence and rising oil prices. Meta fell 6.98% despite a 26% rise in quarterly revenue, as investors worried about its costs, according to Briefing.com.
🌍 World · Source: Seneweb ·
Equatorial Guinea’s Vice-President Teodoro Nguema Obiang Mangue has asked Gepetrol Servicios to prepare a plan to strengthen fuel distribution after recent shortages. The strategy includes increasing purchases, recovering storage tanks and building new facilities, while a national refinery is already planned from 2027, according to Equatorial Guinean outlet Realequatorialguinea.
🇬🇶 Equatorial Guinea · Source: Realequatorialguinea ·
Gabon plans to increase excise duties on imported wines, champagnes, beers and tobacco in 2027, according to details presented by Gabonclic. The measure is expected to increase the tax burden on these products and could affect imports and prices, the Gabonese outlet reports.
🇬🇦 Gabon · Source: Gabonclic ·
Casablanca’s property market is recovering, but trends vary by property type: high-end homes do not need price cuts, while large, older flats in the centre are struggling to find buyers. On the outskirts, properties priced below one million dirhams are selling quickly, according to industry professionals cited by TelQuel.
🇲🇦 Morocco · Source: Telquel ·
Zimbabwe to fix flaws in its traffic management systemZimbabwean authorities announce measures to fix malfunctions in the new traffic management system as police intensify their fight against road disorder. Police spokesperson Paul Nyathi stresses that the tool is primarily intended to improve road safety rather than punish motorists, according to Dailynews.The week in Africa
Be the first to get our letter in English: the essentials from every region of the continent, free.
