Business Brief
By Business Insider Africa

From the Editor

Global crises often create unexpected winners far from where the conflict originates.

Dangote Refinery has emerged as the world’s largest jet fuel exporter after disruptions in the Middle East forced global buyers to search for alternative supply routes outside the Gulf region. We’ve seen similar patterns play out over the years, where countries and companies rise quickly by stepping into supply gaps created during periods of conflict and uncertainty.

What makes this different, however, is that a refinery once seen mainly as a domestic solution for Nigeria is now steadily positioning itself at the centre of international energy trade.

Victor Inusa
Victor Inusa,
Newsletter Editor.

Today’s Must Read

Dangote Refinery becomes world’s biggest jet fuel exporter

(Photo Credit: AFP)

The Dangote Petroleum Refinery became the world's largest exporter of jet fuel in April 2026, according to S&P Global Commodities at Sea data.

The refinery shifted to "max jet mode" after Middle East conflicts and uncertainty around the Strait of Hormuz disrupted global fuel supplies. Buyers sought non-Middle Eastern sources, allowing the 650,000-barrel-per-day facility to ramp up exports.

Company executives state that Dangote is expanding into international crude and refined products trading, aiming to increase production capacity to 1.4 million barrels per day while building logistics and storage infrastructure across Africa. Read more…

The Big 3

(Photo Credit: Wikimedia)

🇳🇬 How a Dangote refinery petrol shipment triggered a Customs–security clash at Lagos port

Nigeria Customs Service officers halted a vessel carrying 81,200 metric tonnes of petrol from the Dangote refinery at Lagos' TinCan Island Port due to missing documentation.

Although the ship was sealed pending compliance, it began discharging its cargo, triggering a physical confrontation between customs officers and terminal security operatives. The vessel has since been resealed. Read more…

🇬🇭 Ghana re-enters West Africa refining race as Tema Oil Refinery receives 1 million barrels of Nigerian crude

Ghana's Tema Oil Refinery has received one million barrels of Nigerian Bonga crude oil to help restore stable operations. Delivered under a tolling arrangement to ease financial pressures, the shipment aims to boost energy security and reduce dependence on imported petroleum.

This comes after the 45,000-barrel-per-day facility recently faced stoppages due to crude shortages following a four-year closure. Read more…

🇿🇼 Africa’s gold hub shifts to Zimbabwe as 2026 output booms

Zimbabwe’s gold deliveries reached 12,636.51 kilogrammes between January and April 2026, driven by an expansion in large-scale mining operations. April deliveries from major mines jumped over 28% year-on-year.

The precious metal has become increasingly strategic for the country, helping to support the Zimbabwe Gold (ZiG) currency system and stabilize the broader economy. Read more…

Quote Of The Day

Strategic partnerships are the new currency for building sustainable impact across Africa.

Tara Fela-Durotoye

Listicles

(Photo Credit: iStock)

Top 10 African countries with the lowest diesel prices in May 2026

The global average price of diesel fell slightly to 1.57 U.S. dollars per liter in May 2026. While nations like Algeria, Egypt, Tunisia, Gabon, and Niger saw slight price reductions, costs rose in Ethiopia and Madagascar, and remained unchanged in Libya, Angola, and Sudan.

S/N Country Diesel Price ($ per liter)
1 🇱🇾 Libya
Ranked 3rd Globally
$0.024
2 🇩🇿 Algeria
Ranked 4th Globally
$0.233
3 🇪🇬 Egypt
Ranked 7th Globally
$0.386
4 🇦🇴 Angola
Ranked 8th Globally
$0.436
5 🇸🇩 Sudan
Ranked 14th Globally
$0.656
6 🇹🇳 Tunisia
Ranked 17th Globally
$0.753
7 🇬🇦 Gabon
Ranked 27th Globally
$1.019
8 🇳🇪 Niger
Ranked 34th Globally
$1.095
9 🇪🇹 Ethiopia
Ranked 39th Globally
$1.155
10 🇲🇬 Madagascar
Ranked 41st Globally
$1.158

Source: Global Petrol Prices

Geopolitics & Power

(Photo Credit: WHO)

🇰🇪 “If it’s too dangerous for America, it’s too dangerous for Kenya” — Doctors’ union rejects U.S. Ebola deal

The Kenya Medical Practitioners, Pharmacists and Dentists Union strongly opposes plans for a U.S.-linked Ebola quarantine facility at Laikipia Air Base.

The union accused the government of backdoor negotiations that compromise national biosecurity. It criticized directing resources toward a foreign project while local hospitals face severe shortages, and rejected staffing the hub with U.S. personnel. Read more…

Global Trends, African Impact

(Photo Credit: Hakomitna)

Saudi Arabia, Egypt and Turkey enraged by Somaliland's move to open an embassy in Israel’s Jerusalem

A coalition of Arab and Muslim-majority countries, including Saudi Arabia, Egypt, and Turkey, condemned Somaliland's decision to open a diplomatic mission in Jerusalem, calling it illegal.

The backlash follows Israel's formal recognition of Somaliland in December 2025 as a strategic partner along maritime routes. The move has worsened tensions with Somalia, which claims it violates its sovereignty. Read more…

Executive Trivia

(Photo Credit: kdhi-agriculture.com)

Which African nation is the world’s largest producer and exporter of raw cashew nuts?

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Did You Know?

(Photo Credit: Shutterstock)

The most popular fruit in the world is actually the tomato. Botanically classified as a fruit because it carries seeds, global production of tomatoes exceeds a massive 186 million tonnes per year—beating out runners-up like bananas and watermelons by tens of millions of tonnes.

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