Search

Zambia shields fuel supply as Middle East crisis drives oil price surge

Oil lifting process. Photo by J.f Manzanero @ Unsplash
Oil lifting process. Photo by J.f Manzanero @ Unsplash
  • Zambia plans new fuel depots to boost energy security
  • Oil price surge raises fears for mining and economy

 

LUSAKA, ZAMBIAZambia is ramping up fuel storage and supply coordination to shield its economy from surging global oil prices triggered by escalating Middle East tensions.

The government says it has implemented targeted measures to safeguard national energy security and cushion consumers from adverse price shocks caused by logistical and production disruptions in the Middle East.

Recent Business

Reserve Bank Governor Lesetja Kganyago. Photo @ Facebook/Reserve Bank of SA
South Africa’s reform gains face global debt storm and escalating Middle East conflict
Read More »
Safaricom Ethiopia making waves. Photo @ Safaricom Ethiopia/Facebook
How Safaricom is turning Ethiopia into Africa’s next telecom power centre
Read More »
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Barrick’s gold, copper surge exposes Africa as battleground for mineral supremacy
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Could Uganda’s sovereignty law become Africa’s next democratic flashpoint?
Read More »
The Prime Minister of India, Shri Narendra Modi visiting Sri Venkateswara Swamy Temple. Photo @ Wikimedia Commons
India’s Horn of Africa strategy has shifted: what it’s trying to do and how it could work
Read More »
Nigerian youth on the street. Photo by Salem Ochidi @ Unsplash
Treason case lays bare Nigeria’s hidden power struggles under Tinubu
Read More »

Latest Posts

Latest news insights