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Antananarivo’s $173M Cable Car Dream Stalls Amid High Fares and Power Shortages

ANTANANARIVO, Madagascar — An ambitious $173 million (€152 million) urban cable car project designed to bypass the chronic traffic gridlock of Madagascar’s capital, Antananarivo, has run into severe operational and financial headwinds shortly after launching.

Editorial Desk Aug 07, 2026 39
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Six Saudi Oil Tankers Divert Around Africa Amid Houthi Threats

Six empty Saudi oil tankers have abandoned plans to transit the Bab el-Mandeb Strait and are instead sailing south around the Cape of Good Hope, according to vessel-tracking da

Editorial Desk Aug 01, 2026 34
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DIFC Hits Record Growth in H1 2026, Active Firms Surpass 10,000

DUBAI — The Dubai International Financial Centre (DIFC) announced record-breaking H1 2026 performance results, surpassing 10,000 active registered companies for the first time.

Editorial Desk Jul 30, 2026 127
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AfDB Warns of $20 Billion Economic Impact as "Super" El Niño Threatens Regional Stability Across Africa

Severe climate forecasts threaten key macroeconomic targets, driving agricultural losses, surging food inflation, and massive adaptation funding deficits.

Editorial Desk Jul 28, 2026 55
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Elon Musk& stratospheric rise to trillionaire status - in charts

The landmark market performance comes amid a massive period of operational acceleration for Musk's core ventures, drawing intense focus from institutional investors, global regulators, and competing tech conglomerates monitoring the unprecedented consolidation of economic capital.

EQUATOR@newsreporter Jun 14, 2026 45
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CONSUMER CRUNCH: Kenyan Importers Brace for Mass Price Hikes as Shipping Giant Hits China Routes with Punishing Surcharges

Kenyan businesses and retail consumers are staring at a steep rise in the cost of living following a major logistical shock on the high seas. Danish shipping conglomerate A.P. Moller-Maersk has officially confirmed a sweeping upward revision of its Peak Season Surcharge (PSS) on all containerized cargo moving from China and Hong Kong to East African gateway ports.

EQUATOR@newsreporter Jun 07, 2026 31
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Potential job losses as govt moves to shut down 500 firms

Concerns over rising unemployment have intensified in Kenya after the Registrar of Companies moved to dissolve and initiate strike-off proceedings against nearly 500 firms, in a sweeping enforcement exercise that could have far-reaching consequences for jobs and business continuity across multiple sectors.

EQUATOR@reporter Jun 01, 2026 15
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How Kenya’s producer prices fall again in March 2026 – KNBS

While a drop in producer prices is highly beneficial for corporate balance sheets and industrial expansion, economists warn that there is typically a lag before these savings reflect on supermarket shelves. Manufacturers often use the initial period of falling PPI to recoup financial losses incurred during previous hyper-inflationary cycles rather than immediately cutting retail prices.

EQUATOR@newsreporter Jun 01, 2026 13
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AFREXIMBANK POSTS ROBUST Q1 2026 RESULTS: NET INCOME JUMPS 25% TO $268.9 MILLION AS CREDIT EXPOSURE EXPANDS

CAIRO — The African Export-Import Bank (Afreximbank) has delivered a powerful opening statement for the 2026 financial year, reporting a 25% year-on-year surge in net income to $268.9 million for the first quarter ending March 31, 2026.

EQUATOR@newsreporter May 28, 2026 12