Botswana’s struggle to contain foot-and-mouth disease (FMD) is tightening the screws on the national economy and rural livelihoods, with beef exports taking a major hit and access to the European Union market lost, Agriculture Minister Edwin Dikoloti said. "In Botswana, many households depend on cattle for income and food; therefore, any disruption affects entire communities," the minister said. He added that the government is shifting its approach to deepen collaboration with partners, notably the private sector and…

Israel unleashed another barrage on Tehran this morning, hours after Prime Minister Benjamin Netanyahu declared Iran was being "decimated," even as fresh attacks rattled Gulf states. The Iranian capital, pummeled on an almost daily basis since a joint U.S.-Israeli operation ignited the war on 28 February, was struck in raids the Israeli military said were "targeting infrastructure of the Iranian terror regime". The strikes followed Mr Netanyahu’s assertion that the conflict, approaching its fourth week, had wiped out the…

European Union energy ministers will meet today to weigh options for curbing energy costs, as Brussels drafts emergency plans to blunt the impact of surging oil and gas prices triggered by the Iran war and the closure of the Strait of Hormuz. The European Commission is preparing a package to shield households and businesses from soaring bills, according to EU officials familiar with the talks. Measures under consideration include targeted state support for energy-intensive industries, temporary cuts to national taxes and…

West African shipping companies are revising routes and business plans as the escalating crisis in the Middle East disrupts global maritime corridors, industry officials and analysts say. The closure of the Strait of Hormuz and heightened insecurity in the Red Sea and Suez Canal have pushed up operational costs — most notably insurance premiums — and prompted firms to consider rerouting, suspending services or passing fees on to importers and exporters. Boma Alabi, chairperson of the Shipping Association of Nigeria, said…

The United States and Israel launched what officials and witnesses described as the most intense airstrikes of the war on Iran, as Tehran fired missiles toward central Israel and Iran-aligned forces expanded drone attacks on U.S. bases in the Gulf. The escalation deepened fears over energy security in the Strait of Hormuz after Iran’s Revolutionary Guard threatened to block oil shipments unless the strikes stop. Israel’s military said it began “an additional wave of strikes” on targets in Tehran shortly after explosions were…

European shares fell further Monday as oil prices surged toward $120 a barrel, deepening inflation fears and rattling risk appetite amid the US-Israeli war on Iran, which shows no sign of easing. The latest bout of volatility underscored the market’s sensitivity to energy shocks and supply disruptions tied to the conflict in the Middle East. London’s benchmark slipped 1% in afternoon trade, while the Paris CAC 40 lost 1.7% and Frankfurt’s DAX dropped 1.4%. Dublin’s market fell 1.3%, with Kingspan, Cairn Homes and Ryanair…

MOGADISHU, Somalia — Fuel prices in Somalia’s capital surged nearly 77% overnight on Sunday, intensifying pressure on households and businesses already strained by rising living costs and supply disruptions across the region. The price of gasoline jumped from about $0.65 to $1.15 per liter late Friday, according to traders and drivers. By rush hour, cars queued at multiple Mogadishu stations as motorists scrambled to fill up, while taxi and three-wheeler (Bajaj) operators warned they may have to raise fares to stay afloat.…

Stocks in the U.K. and U.S. rose while Asian indexes tumbled Wednesday as oil and gas prices whipsawed on fears the U.S.-Israel conflict with Iran will drag on and keep choking traffic through the Strait of Hormuz, a vital energy artery. The FTSE 100 and major U.S. and European benchmarks rebounded after two days of declines; several Asian markets fell sharply for a third straight session. Brent crude is up about 12 percent since Saturday, when U.S. and Israeli forces began bombing Iran and Tehran retaliated with strikes on…

Oil prices steady as U.S., Israeli strikes on Iran snarl Hormuz shipping and force Iraq output cuts Oil prices were steady after sharp swings Wednesday as U.S. and Israeli strikes against Iran escalated the conflict and left shipping through the Strait of Hormuz effectively shut for a fifth day, disrupting vital Middle East oil and gas production and trade. Brent crude fell 0.3% to $81.13 a barrel around 4 p.m. GMT, while West Texas Intermediate slipped 0.4% to $74.30. Both benchmarks had closed Tuesday at recent highs—Brent…

NAIROBI, Kenya — Kenya moved Wednesday to ease refinancing pressures, launching tender offers to buy back up to $500 million of outstanding Eurobonds and preparing a new dual-tranche dollar issue aimed at extending the country’s debt maturities. In a regulatory notice, the government said it would repurchase up to $350 million of its 8% bond due in 2032 and up to $150 million of its 7.25% bond maturing in 2028, amounts inclusive of accrued interest. The tender offer closes Feb. 25. To fund the buybacks, Kenya plans to issue…