African foreign exchange markets showed signs of caution in March 2026 as currency gains slowed across the continent. While a few currencies recorded mild appreciation, the broader trend pointed to consolidation after stronger momentum in February. Data compiled from central banks revealed that Zimbabwe, Mozambique, and Mauritania posted the strongest gains during the month. However, the pace of improvement weakened compared to earlier movements, suggesting that markets are...

Africa’s oil market in 2026 is entering a decisive phase as production strength collides with long-standing refining challenges. Although the continent controls roughly 7–8% of global proven crude oil reserves, it still struggles to convert that advantage into downstream value. As a result, Africa continues to export crude while importing refined petroleum products at scale. Currently, total refinery capacity across Africa stands between 3.5 and 4.0 million barrels...