logo
Top 10 African countries with the highest fuel prices in July 2025

Top 10 African countries with the highest fuel prices in July 2025

From Lagos to Nairobi, high fuel costs have become an unpleasant reality, worsened by global supply chain disruptions, currency depreciation, and infrastructural deficiencies.
Several reasons contribute to high gasoline costs in Africa.
To begin, many African countries rely significantly on imported refined petroleum products due to a lack of indigenous refining capability. This dependency makes them vulnerable to global oil price volatility and supply chain disruptions.
In countries where the native currency has depreciated considerably, such as Nigeria, Zimbabwe, or Ghana, the impact is much worse: gasoline imports become more expensive, and pump prices skyrocket.
Government initiatives, such as eliminating fuel subsidies or imposing taxes and levies on petroleum goods, have also contributed to rising costs.
The consequences are pervasive and harmful. In nations where public transit is essential, increased fuel prices have resulted in higher fares, making it more difficult for individuals to commute to work or school.
Farmers face increasing expenses for operating machinery and transporting products, resulting in higher food prices and lower earnings.
Due to rising energy prices, numerous small firms have had to cease or reduce their operations. Inflation on the continent has frequently been related to rising gasoline prices, diminishing buying power, and forcing more people into poverty.
Despite the pessimism, many recent developments provide a ray of optimism for a more reliable energy future.
One of the most encouraging developments is the increasing impact of Nigeria's Dangote Refinery.
Near early July, the business announced plans to build 1.6 million barrels of storage tanks near Walvis Bay, Namibia, with the goal of supplying gasoline and diesel to Southern Africa.
The Dangote Refinery, Africa's largest, is ready to play a vital role in stabilizing regional fuel supplies, having just sent its first gasoline to Asia.
If effective, this might help the area minimize its reliance on unpredictable foreign markets.
With that said, here are the 10 African countries with the highest fuel prices in July, according to Global Petrol Prices.
Compared to the top 10 list last month, Central Africa Republic, Senegal, Zimbabwe, Ivory Coast, Burkina Faso, Cameroon, and Uganda, in line with the global average price which increased from $1.27 to $1.29, all saw an increase.
Only Malawi and Morocco saw a price reduction in fuel prices. Kenya ranked 10th on the list this month as opposed to Ghana last month.
Top 10 African countries with the highest fuel prices in July 2025
Rank Country Fuel prices Global rank
1. Central Africa Republic $1.869 23rd
2. Senegal $1.762 31st
3. Zimbabwe $1.560 47th
4. Ivory Coast $1.522 51st
5. Burkina Faso $1.513 52nd
6. Cameroon $1.495 53rd
7. Malawi $1.457 55th
8. Uganda $1.437 58th
9. Morocco $1.436 59th
10. Kenya $1.428 62nd
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The Complete Overview of Mutual Life Africa and Its Role in Empowering Individuals Families and Businesses in Africa and Beyond
The Complete Overview of Mutual Life Africa and Its Role in Empowering Individuals Families and Businesses in Africa and Beyond

Time Business News

time14 hours ago

  • Time Business News

The Complete Overview of Mutual Life Africa and Its Role in Empowering Individuals Families and Businesses in Africa and Beyond

Diaspora Funeral Cover is a crucial service provided by Mutual Life Africa, a leading pan-African insurance and financial services company. This company plays a vital role in empowering individuals, families, and businesses across Africa and the global African diaspora. Whether you are an African national living abroad or an expat living in Africa, Mutual Life Africa offers tailored insurance and financial products to meet your unique needs. The company serves over 2 million policyholders worldwide, operating within multiple regulatory frameworks. Their mission is clear: empowerment, accessibility, and financial inclusion. Through their comprehensive services, such as Diaspora Funeral Cover, Diaspora Life Cover, Expat Life Insurance, and SA Rand Life Family Cover, Mutual Life Africa supports communities both locally and internationally. Diaspora Funeral Cover is one of the core services offered by Mutual Life Africa. It is designed specifically for African nationals living outside their home countries or in foreign countries, such as Zimbabweans living in South Africa. This cover ensures that families receive timely financial support to manage funeral expenses without additional stress. The need for diaspora-focused funeral insurance arises because traditional funeral arrangements in African cultures involve significant emotional and financial commitment. Many families living abroad lack the local support or financial resources to manage such costs. By providing diaspora funeral cover, Mutual Life Africa fills this critical gap. In addition, diaspora funeral cover protects families from unexpected expenses during difficult times, ensuring dignity and respect for the deceased. It allows expats and diaspora communities to focus on healing and support without the worry of financial burdens. Alongside funeral cover, Mutual Life Africa offers Diaspora Life Cover and Expat Life Insurance, which are vital to securing the future of African families abroad. These products provide financial security in case of unforeseen events such as death, disability, or critical illness. Diaspora Life Cover offers a safety net that helps beneficiaries cope with loss by providing lump sum payouts or monthly benefits. This kind of cover is especially important for diaspora members who often support families back home financially. Expat Life Insurance is tailored for Africans working or living temporarily in foreign countries. It helps them maintain financial protection even when away from their home country's insurance systems. Mutual Life Africa's ability to operate across multiple jurisdictions means expats can enjoy seamless coverage without bureaucratic hassles. In both cases, the goal is to ensure peace of mind for the insured and their families, regardless of geographic location. This commitment to inclusivity and accessibility demonstrates Mutual Life Africa's leadership in the insurance industry. The SA Rand Life Family Cover and SA Rand Life Cover are insurance products tailored for residents of South Africa and other African countries. They offer protection against death, illness, and other life risks while denominated in South African Rand, which is a stable and widely accepted currency in the region. These products provide families with financial relief when tragedy strikes. By offering affordable premiums and flexible payment options, Mutual Life Africa makes insurance accessible to a broad demographic, including low-income earners and small business owners. SA Rand Life Family Cover is especially suited to family units, ensuring that spouses, children, and dependents have continued financial support. Meanwhile, SA Rand Life Cover can be customized to fit individual needs. Together, these products demonstrate how Mutual Life Africa bridges the gap between international diaspora requirements and local African insurance needs. Besides insurance, Mutual Life Africa offers Personal Credit Facilities, which include personal loans, car finance, and revolving credit options. These credit products empower individuals by providing access to funds for emergencies, business start-ups, or everyday needs. Access to personal credit is often challenging for Africans living abroad or in underserved communities due to stringent banking requirements. Mutual Life Africa's flexible credit solutions remove these barriers, making borrowing simple, fast, and affordable. Moreover, these credit facilities often work alongside insurance products, providing a comprehensive financial safety net. For example, clients with life insurance may be eligible for better loan terms, creating an integrated financial ecosystem. Through these services, Mutual Life Africa encourages financial independence and growth for individuals and families. For African entrepreneurs and corporate clients, Mutual Life Africa provides tailored Business Insurance solutions. These cover various commercial risks such as property damage, liability, employee benefits, and business interruption. Small and medium-sized enterprises (SMEs) form the backbone of African economies. However, they often face significant risks without adequate protection. Mutual Life Africa's business insurance products help mitigate these risks, safeguarding investments and livelihoods. Furthermore, the company's pan-African presence enables it to offer multi-country coverage, a vital feature for businesses operating across borders or employing expat staff. By supporting business continuity and resilience, Mutual Life Africa strengthens economic development within Africa and the diaspora. Mutual Life Africa recognizes the importance of travel for business, family, and leisure. Their Travel Insurance products offer comprehensive protection against medical emergencies, trip cancellations, lost luggage, and other travel-related risks. For diaspora members and expats frequently traveling between countries, travel insurance ensures peace of mind. It guarantees access to quality healthcare abroad and financial protection against unforeseen travel disruptions. In addition to insurance, Mutual Life Africa provides Visa Services to assist African nationals and expats with visa applications and renewals. Navigating immigration processes can be complex and time-consuming, especially for those unfamiliar with foreign systems. By offering visa support, Mutual Life Africa reduces the stress involved in cross-border mobility. This service is invaluable for diaspora families visiting home, business travelers, and those relocating for work or study. Together, travel insurance and visa services make international movement safer and easier for Africans worldwide. Mutual Life Africa's core mission centers on empowerment, accessibility, and financial inclusion. This mission guides every service they provide — from diaspora funeral cover to personal credit facilities. The company operates in multiple regulatory environments, giving it the flexibility to serve Africans living both locally and internationally. This adaptability ensures that diaspora members can access familiar, trustworthy insurance and financial products, no matter where they reside. Moreover, Mutual Life Africa's digital platforms and neobanking solutions provide smart, affordable banking for underserved populations. This innovation further promotes financial inclusion and convenience. Ultimately, Mutual Life Africa's holistic approach helps individuals, families, and businesses build security, resilience, and prosperity. African diaspora and expat communities face unique financial challenges, such as sending remittances, securing insurance abroad, and accessing credit. Mutual Life Africa understands these challenges and offers products designed with these needs in mind. The company's diaspora funeral cover and life insurance policies provide culturally sensitive and financially reliable protection. Personal credit and business insurance products support entrepreneurial aspirations and everyday needs. Additionally, their fast and secure cross-border remittance services ensure money reaches loved ones without delays or excessive fees. This service is a vital lifeline for many diaspora families. By combining these features, Mutual Life Africa stands out as a trusted partner for Africans navigating complex financial landscapes abroad. Getting started with Mutual Life Africa is straightforward. Interested individuals and businesses can visit the company's website or contact local agents for personalized consultations. The application process typically involves completing a simple form, submitting identification documents, and selecting suitable coverage or credit options. For diaspora members, the company provides multilingual support to ease communication. After approval, clients benefit from efficient claim handling, dedicated customer service, and ongoing financial advice. This user-friendly approach ensures that Mutual Life Africa's empowering services are within reach of every African, no matter where they live. Diaspora funeral cover is an insurance product designed to cover funeral costs for Africans living outside their home countries. It is available to African nationals and expats across multiple countries. Mutual Life Africa offers expat life insurance policies that provide financial security for Africans living temporarily or permanently abroad, with flexible terms suited to different jurisdictions. Yes, Mutual Life Africa's personal credit facilities are accessible to many diaspora clients, subject to eligibility criteria and documentation. The company offers coverage for commercial risks including property, liability, employee benefits, and business interruption, suitable for SMEs and corporates across Africa. Mutual Life Africa assists with visa application and renewal processes to simplify international travel and relocation for African nationals and expats. In conclusion, Mutual Life Africa stands as a beacon of hope and financial security for Africans both at home and abroad. Their comprehensive products — including diaspora funeral cover, diaspora life cover, expat life insurance, SA Rand life family cover, personal credit facilities, business insurance, travel insurance, and visa services — address the unique challenges faced by diaspora and expat communities. Through a commitment to empowerment, accessibility, and financial inclusion, Mutual Life Africa not only protects lives but also fosters growth and resilience for individuals, families, and businesses across Africa and beyond. By choosing Mutual Life Africa, you are partnering with a trusted institution dedicated to supporting your financial wellbeing wherever life takes you. TIME BUSINESS NEWS

Top 10 copper exporting countries in Africa
Top 10 copper exporting countries in Africa

Business Insider

time21 hours ago

  • Business Insider

Top 10 copper exporting countries in Africa

Copper is now Africa's second most valuable export after crude oil, with an estimated trade value of $35 billion in 2024. But while 52 out of 54 African countries export copper, a staggering 98% of that value comes from just 10 nations. Copper has become Africa's second most valuable export, with a trade value of $35 billion in 2024. Africa provides 15.3% of the world's copper exports, marking significant contributions to the global supply. The Democratic Republic of Congo leads with $19.8 billion in copper exports, followed by Zambia with $7.5 billion. The remaining 42 countries together account for just 2% of Africa's copper export value; a stark reminder that the continent's vast mineral wealth and trade potential are not evenly shared, nor fully reflected in its broader economic reality. At the top of Africa's copper export list is the Democratic Republic of Congo (DRC), with a staggering $19.8 billion in copper exports, more than double the next top African exporter, Zambia, which earned $7.5 billion. Africa's top 10 copper exporters Breakdown of the top 10 copper exporters in Africa and their 2024 export values according to an analysis by The Visual Capitalist Rank Country Export Value (USD) Major Export Destination 1 Democratic Republic of Congo $19.8 Billion China, UAE, Egypt Singapore, USA 2 Zambia $7.6 Billion Switzerland, China, UAE and India 3 Tanzania $2.2 Billion China, India, UAE and South Africa 4 Congo (Brazzaville) $1.3 Billion China 5 South Africa $1.1 Billion China, Malaysia, USA, Mozambique, UK and Singapore 6 Libya $913 Million Middle East and Mediterranean buyers 7 Egypt $905 Million North Africa and middle-east and Europe 8 Namibia $429 Million EU & African buyers for processed material 9 Morocco $376 Million Belgium, Germany and China 10 Nigeria $366 Million China and African buyers The Democratic Republic of Congo tops the list with $19.8 billion in copper exports, primarily destined for China, the UAE, Egypt, Singapore, and the USA—reflecting its dominant position in global copper supply. Zambia, with $7.6 billion in exports, mainly supplies Switzerland, China, UAE, and India, continuing its historic reliance on copper as a major economic driver. Tanzania ($2.2 billion), Congo-Brazzaville ($1.3 billion), and South Africa ($1.1 billion) follow, with China serving as a key export destination for all, underscoring its heavy demand for African copper to fuel its manufacturing and energy sectors. Globally, Africa accounts for 15.3% of the world's copper exports, trailing behind Asia (31.6%) and Europe (31.4%). While the continent is rich in raw materials, experts warn that Africa continues to miss out on the broader economic benefits. Refining, innovation, and value-added production remain largely limited across the continent. The majority of copper refining takes place outside Africa, often controlled by foreign entities. As a result, African nations export raw materials but capture only a fraction of the potential economic value. Without local control over production, processing, and manufacturing, the continent forfeits opportunities for industrial growth, job creation, and wealth generation.

Ghana adds two non-African countries to visa-free list in push for global ties
Ghana adds two non-African countries to visa-free list in push for global ties

Business Insider

timea day ago

  • Business Insider

Ghana adds two non-African countries to visa-free list in push for global ties

In a major diplomatic move, Ghana's Parliament has approved visa-free agreements with four countries - Mozambique, São Tomé and Príncipe, Colombia, and the Commonwealth of Dominica marking an expansion of the country's visa-free travel regime. Notably, the inclusion of non-African countries - Colombia and the Commonwealth of Dominica signals Ghana's deepening push to build global partnerships beyond the African continent. Ghana's Parliament approved visa waiver agreements with Mozambique, São Tomé and Príncipe, Colombia, and the Commonwealth of Dominica. The visa waivers apply to holders of diplomatic, service, and ordinary passports and aim to foster developmental partnerships. The policy aligns with Ghana's continuing commitment to regional and global integration and mobility enhancements. The visa-free agreements, as presented on the floor of Parliament by the Chairman of the Foreign Affairs and Regional Integration Committee, Alfred Okoe Vanderpuije, apply to holders of diplomatic, service, and ordinary passports. According to Vanderpuije's presentation, the waiver is expected to boost partnerships in key sectors such as education, energy, trade, tourism, and agriculture. The announcement signals Ghana's ongoing efforts to strengthen multilateral ties through enhanced mobility and cooperation. Also speaking before Parliament, Minister for Foreign Affairs and Regional Integration, Samuel Okudzeto Ablakwa, stated that the visa waivers will not lead to immediate or direct revenue losses. While acknowledging that visa fees will be waived, Ablakwa noted that the broader economic benefits, particularly in trade and tourism, are expected to significantly outweigh any potential fiscal impact. He described the initiative as part of a long-term strategy to deepen bilateral cooperation and unlock shared socio-economic advantages. Ghana's move to enable visa free travel Just before leaving office, Ghana's former President, Nana Addo Dankwa Akufo-Addo, approved visa-free entry for all African nationals making Ghana the fifth African country to remove visa requirements for holders of African passports. The decision marked a significant step toward regional integration, aligning with the African Union's goal of free movement across the continent. Since assuming office in January 2025, President John Dramani Mahama's administration has not only embraced this legacy but moved to deepen Ghana's commitment to open-border diplomacy. In a bold expansion of the visa-free policy, the Mahama-led government recently extended visa-free access to non-African countries which includes São Tomé and Príncipe, Colombia, and the Commonwealth of Dominica. This strategic outreach reflects Ghana's ambition to position itself as a gateway to Africa, while also strengthening South-South cooperation and economic diplomacy beyond the continent. The inclusion of these countries—two from Latin America and two from Africa signals Accra's broader vision to foster global partnerships, boost tourism and trade, and enhance Ghana's soft power on the world stage. Officials close to the policy suggest that more countries may be added in the coming months, especially those with strong bilateral ties or mutual trade interests with Ghana. The move is also expected to encourage reciprocal agreements, allowing Ghanaian travelers greater ease of movement globally. Together, these efforts position Ghana as a leader in Africa's mobility agenda—championing integration not only within the continent but also building new bridges with emerging partners across the Global South.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store