The Guardians of the Revolution, an Iranian paramilitary militia, announced on Saturday, February 28, that the Strait of Hormuz is effectively closed. This strategic route is the world’s primary corridor for oil transportation: approximately 17 million barrels of crude oil and condensates passed through it each day in 2025. The announcement came just hours after...
Trending
- AFIS 2026: BRVM advocates for increased integration of African capital markets
- InsurTech in Africa: Over $300 million invested in five years
- Senegal, banks: APBEF-SN adopts a new visual identity
- Allegria Ntumba Luaba appointed Director of Business Development at AfCRA
- Luanda Biennial: Félix Tshisekedi defends DRC’s sovereignty over its water resources
- Daily news from African financial markets
- AFINHAB: 100 billion FCFA of Social Bonds to expand household access to mortgage credit
- Cameroon: GECAM President Involved in Land Dispute That Undermines Private Investment
USA-Iran War: Closure of the Strait of Hormuz and Risks of Soaring Oil Prices
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com