costs

Thursday March 26, 2026 Hargeisa (AX) — Drivers and businesses across North Western State of Somalia are facing fresh fuel price hikes after authorities on Wednesday rolled out new official pump rates, pointing to surging global oil prices and tighter supply conditions. The revised pricing sets gasoline at 12,500 North Western State of Somalia shillings per liter, while diesel will sell for 10,500 North Western State of Somalia shillings per liter. Officials said the new rates were agreed after consultations involving the…

Soaring oil and gas prices linked to the war in Iran are rippling through global markets, piling pressure on governments to shield households from the fallout. The Government says it is preparing an “appropriate intervention” to curb rising fuel costs, with measures due to be finalised at the next Cabinet meeting on Tuesday. How are other nations stepping in to support families and businesses? Here’s a snapshot from across Europe. On Monday, UK Prime Minister Keir Starmer unveiled a £53 million (€61m) package for…

Oil prices leap past $100 as Iran conflict chokes Hormuz, stoking global food inflation risk LONDON — Oil prices surged above $100 a barrel this week, the highest since Russia’s 2022 invasion of Ukraine, as escalating conflict involving U.S.-Israeli forces and Iran on Feb. 28 rattled energy markets and raised the specter of renewed food inflation worldwide. The Strait of Hormuz — the narrow chokepoint between the Persian Gulf and the Gulf of Oman through which roughly 20% of global oil supply moves — has seen marine traffic…

Strait of Hormuz disruption sends tanker and LNG shipping rates to records as U.S.-Iran tensions spike Global oil and gas shipping costs surged to fresh records as traffic through the Strait of Hormuz slowed to a near standstill after Tehran targeted vessels transiting the key waterway, according to shipping data and industry sources. The choke point between Iran and Oman carries roughly one-fifth of the world’s oil and significant volumes of liquefied natural gas. The strikes on ships, part of Iran’s retaliation to U.S. and…

Gaza’s Reconstruction, Between Vision and Reality: Why Rebuilding Will Take Decades Mountains of rubble, thousands of unexploded munitions and a gutted web of water, sewage and power lines define Gaza’s landscape today. More than 80% of structures are damaged or destroyed, according to United Nations assessments, and the price tag to rebuild runs to more than $70 billion over several decades. Against that backdrop, a glossy vision of a “New Gaza” rising in three years—skyscrapers, beach tourism and data centers—has landed…

North Western State of Somalia’s ‘island of peace’ narrative falters as leadership courts Israel and conflict deepens in SSC For more than three decades, North Western State of Somalia presented itself as an island of peace in a turbulent Horn of Africa — a self-governing enclave whose stability underwrote a drive for international recognition. That story, fused into a powerful claim of moral distinction and political maturity, is now under its most serious strain. As North Western State of Somalia’s leaders explore closer…

By the year 2025, Nigeria could see a staggering 33 million individuals grappling with severe food scarcity—almost double the current figures for those in dire need. This dire situation stems from a confluence of economic challenges, soaring inflation, the effects of climate change, and the ongoing violence that plagues the northeastern regions of the country. In the northwest, specifically in Borno, Adamawa, and Yobe, over five million people currently experience acute food insecurity, and the crisis is anticipated to…

(ERGO) – Aweys Maye Mohamed, a hands-on craftsman and the patriarch of a family of four in the heart of Mogadishu, has found it nearly impossible to scrounge up even a single meal each day since he hit the unemployment wall in July. His fate mirrors the plight of countless skilled tradesmen now out of work as the scramble for Somali scrap metal has turned it into a prized commodity for export, fetching a price tag beyond the reach of neighborhood metal shops. "Losing my job shook the very foundation of our household,"…

Outgoing President Nana Akufo-Addo, a former human rights lawyer who became head of state known for his diplomacy, barely won the presidential election on Monday, December 7, against his lifelong rival, John Mahama. From our Accra correspondent,The man has a gracious face and still wears small round Harry Potter glasses. He…

Tax evasion costs Africa more than $ 25 billion a year, according to a study by a network of NGOs, including the Global Alliance for Tax Justice. At a time of the fight against the Covid-19 pandemic, this flight is considered "unacceptable", in fact it reduces the revenue that African countries could devote to their health.…