Finance

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Shipping companies divert vessels around Cape of Good Hope after strikes on Iran

Shipping companies Maersk, Hapag-Lloyd and CMA CGM are rerouting vessels around Africa, away from the Suez Canal and the Bab el-Mandeb Strait, after United States (US) and Israeli strikes on Iran and the closure of the Strait of Hormuz.

SA’s power producer’s energy availability rises to 65.24% as unplanned outages drop sharply

South Africa’s (SA) Eskom’s Energy Availability Factor (EAF) has continued to improve steadily and now stands at 65.24% for the financial year to date, covering the period from April 1 2025 to February 26 2026.

IMF support to strengthen Gabon’s economic planning capacity

The International Monetary Fund (IMF) has stepped up technical support to Gabon to help authorities strengthen macroeconomic forecasting and improve policy planning, as the oil-dependent nation faces growing fiscal and debt pressures.