The Namibia government has slashed fuel levies by 50 percent for three months in a bid to shield consumers from rising global oil prices, even as pump prices are set to increase from 1 April 2026. The temporary Namibia fuel tax reduction 2026 measure, announced on 27 March, will run until the end of June, with authorities drawing from the National Energy Fund to cushion motorists and businesses.

HARARE, ZIMBABWE – Global trade routes are facing a new threat after Yemen’s Houthi movement warned it could block the strategic Bab el-Mandeb Strait, escalating tensions already disrupting international shipping. The development comes as the Strait of Hormuz remains effectively constrained following military strikes by the United States and Israel on Iran, sending shockwaves through global energy markets.

HARARE, ZIMBABWE – The Common Market for Eastern and Southern Africa Competition and Consumer Commission (CCCC) has issued a strong warning to businesses across Eastern and Southern Africa against profiteering and anti-competitive conduct amid surging global oil prices and escalating geopolitical tensions. The caution comes as conflict involving the United States and Israel against Iran disrupts global energy markets, pushing crude oil prices above US$100 per barrel, their hi