Browsing Tag

Soaring

Soaring fuel prices push Somalia’s three-wheeler drivers to the brink

Saturday April 4, 2026 Fuel shortages and soaring prices have turned a familiar Mogadishu street scene into a snapshot of economic strain: three-wheelers sitting idle by the roadside, drivers stranded, and livelihoods slipping out of reach. On April 2, 2026, a staff member refueled a three-wheeler at a petrol station in Somalia’s capital as the ripple effects of war in the Middle East continued to push fuel costs sharply higher across the country.(Photo by Hassan Bashi/Xinhua) Abdulkadir Sharif eased his tuk-tuk to the side…

Nigeria Faces Heightened Concerns Amid Soaring Global Oil Prices

Domestic Petrol Prices Rise Amid Global Supply Concerns Initial hopes for a reduction in domestic petrol prices sparked by the International Energy Agency (IEA) announcing that oil-producing nations would ramp up production now appear to be short-lived. Just as expectations rose, the Iranian government's alarming statement regarding the potential closure of the Strait of Hormuz—a critical global supply route—sent international oil prices surging again. This unexpected turn of events followed assurances of price cuts from…

Bajaj drivers block Mogadishu roads to protest soaring fuel prices

Mogadishu Bajaj drivers block key corridor as fuel prices more than double MOGADISHU — Auto rickshaw drivers blocked sections of a major artery in Somalia’s capital on Wednesday, parking their Bajaj three-wheelers between the Taleh and KM4 junctions to protest a sharp jump in fuel prices they say is crushing their earnings and pushing up transport fares. The roadside demonstration, which drew dozens of operators, disrupted traffic along one of Mogadishu’s busiest corridors as drivers demanded swift government action to…

Soaring Scrap Metal Costs Leave Mogadishu’s Artisans Unemployed

(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,"…