Mar 3: Ethiopia, Africa's second largest coffee producer, is looking to ramp up its exports of the commodity as global prices fall, trying to avoid the huge inventory of cocoa bags that Cote d'Ivoire is dealing with.
Back to the Iran war (or the war on Iran), energy costs are soaring. News reports that some analysts are forecasting the London Brent crude at $100 per barrel - not good news for Africa's big fuel importing economies - Nigeria, SA, Kenya and South Africa. The list is actually longer. On Tuesday, the Dangote Refinery announced a NGN101 per litre price increase.
Good news however, from DR Congo as its minerals export corridor is now reopened after the road damage that halted shipments was repaired.
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They tried to kill him in February, now in March, they're trying to kill his reputation.
If you think the Edo blackout is just about electricity, then you are missing the Political Assasination happening in broad day light.
Last week, Benin city was echoing with gunfire in which Peter Obi narrowly escaped an attack at Chief Oyegun's house. An incident the Governor quickly brushed off as an "internal party squabble".
But hear this:
This same governor who warned Peter Obi to stay out of Edo for his own safety, just walked into a protest at ring road.
He went there with the purpose of handing them a villan.
He's telling you that the reasons why your lights are out isn't because of the GRID, but its because of Peter Obi's bank shares.
What an Audacity!!!
One week you're dodging bullets in their state, the next week, you are the reason their fans and bulbs don't work.
This isn't governance but a theatrical distraction.
They're taking your real world fraustration: the 400k meter and the darkness, and weaponizing it to discredit a man who isn't a political office holder.
They want you so busy, arguing about Fidelity Bank that you forget to ask why the state government hasn't fixed a single transformer in your neighborhood.
When did a private citizen become more powerful than the Chief Security Officer of a State?
IF A PRIVATE CITIZEN CAN TURN OFF THE LIGHTS, THEN THE MAN IN THE OFFICE IS JUST A DECORATION.
EDO FELL OFF!!!
Mar 2: The rout of the global markets on Monday came as no surprise on the back of the U.S.-led war against Iran, and the expected retaliatory attacks by Tehran.
The immediate fallout of the latest conflict push oil and fuel prices higher, as well as metal prices led by gold., just as the OPEC+ announces plans to push some 206,000 additional barrels of oil into the market in April.
Meanwhile, a collapsed bridge in DRC has halted the shipments of Congo copper exports.
It's good news for Cameroon, however, as the country breaks the ground on a new cocoa processing plant.
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@Admiral_Cyborg The borrowed money, the released budget are all targeted towards re-election. The only thing president Tinubu cares about is re-election. It is ironic because never has a president been so unwanted and yet forcing himself on the people. Only Abacha who was a dictator did this
While we were distracted, this happened:
On February 25th 2026, Hon. Alex Mascot, a key member of the Aids and Loans Committee confronted Wale Edun, over the disappearance of capital project funds, despite trillions of naira in loans and record-breaking revenues.
It began as a routine budget defence but escalated into a high stakes interrogation when Hon. Mascot revealed a disturbing pattern:
- N1.15 trillion had been raised and specifically approved by the National Assembly to fund 30% of the 2025 capital budget.
- Multiple loans had been secured, including: $1.2 billion for digital infrastructure, $500 million for economic stimulus, $500 million for MSMEs, $500 million from the AFDB for economic governance and energy transition, and a recent executive request for $21 million, 15 billion Yen, and 4 billion Euros.
He queried why despite this avalanche of borrowed money and strong revenue performance by agencies like FIRS, Customs, and others, capital projects across Nigeria remain at zero disbursement. "With all these funds put together, I want you to enlighten us on why the 2024 budget is yet to be fully implemented, and why the 2025 budget has only been funded 34%, most of which is recurrent expenditure?"
He asked the minister to enlighten Nigerians on why the capital projects still remain at zero.
Minister Wale Edun shifted responsibility to the Minister of State for Finance, Doris Uzoka-Anite, claiming she handled disbursements.
The infuriated committee members then asked; "If the substantive Minister of Finance cannot account for ₦1.15 trillion approved for capital projects, who can?"
Some lawmakers called for the ministers to resign, but the committee had no choice but to adjourn the hearing to Thursday, February 26th, summoning the Minister of State to provide the clarity the nation deserves.
After the committee meeting, Hon. Mascot spoke to the press and said, “When capital projects funding are at zero, development stops. When development stops, Nigerians suffer”.
On Thursday, hearing resumed, then the Minister of State for Finance, Doris Uzoka-Anite, was summoned to account for the missing ₦1.15 trillion. It was confirmed that ₦1.15 trillion was indeed approved for capital projects. However, disbursement protocols require multiple sign-offs, and that certain "pre-disbursement conditions" had not been met by some ministries.
She argued that while the funds exist, they cannot be released until Project documentation is complete
The committee members, armed with the Health Minister's earlier testimony that he received only ₦38 million of his ₦286 billion allocation, then asked, "if protocols were the issue, why were some ministries given the runaround while others weren't?"
Mascot rose again and asked: “Mr. Chairman, can the minister tell this committee which specific ministry met all conditions and still did not receive funding? If none existed, why was ₦1.15 trillion approved when the government knew conditions weren't met?"
The minister could not provide a single example. Mascot then said:
"· If capital funds were approved, where are they?
· If they were misappropriated, who is responsible?
· If this is a crime, who will be held accountable?"
Mascot stated that if funds were approved but never reached their destination, that is not poor administration. That is a crime.
On February 27th 2026, Hon. Mascot was invited to Aso Rock by President Tinubu for a close door meeting.
After the meeting with the president, Hon. Ikwechegh announced his resignation from his party APGA, announcing his intention to join the APC.
This is a classic move by Tinubu who always buys off his critics and sadly, Hon. Alex Mascot Ikwechegh has become his latest victim.
Hon. Alex Mascot Ikwechegh will soon begin to sing “on your mandate” and he will never never again demand for accountability. It will be; see no evil, speak no evil.
All these happened while we were shouting Mirabel, Simi, VDM and Mitchy.
Good PM.
## Workflow Orchestration
### 1. Plan Mode Default
- Enter plan mode for ANY non-trivial task (3+ steps or architectural decisions)
- If something goes sideways, STOP and re-plan immediately - don't keep pushing
- Use plan mode for verification steps, not just building
- Write detailed specs upfront to reduce ambiguity
### 2. Subagent Strategy to keep main context window clean
- Offload research, exploration, and parallel analysis to subagents
- For complex problems, throw more compute at it via subagents
- One task per subagent for focused execution
### 3. Self-Improvement Loop
- After ANY correction from the user: update 'tasks/lessons.md' with the pattern
- Write rules for yourself that prevent the same mistake
- Ruthlessly iterate on these lessons until mistake rate drops
- Review lessons at session start for relevant project
### 4. Verification Before Done
- Never mark a task complete without proving it works
- Diff behavior between main and your changes when relevant
- Ask yourself: "Would a staff engineer approve this?"
- Run tests, check logs, demonstrate correctness
### 5. Demand Elegance (Balanced)
- For non-trivial changes: pause and ask "is there a more elegant way?"
- If a fix feels hacky: "Knowing everything I know now, implement the elegant solution"
- Skip this for simple, obvious fixes - don't over-engineer
- Challenge your own work before presenting it
### 6. Autonomous Bug Fixing
- When given a bug report: just fix it. Don't ask for hand-holding
- Point at logs, errors, failing tests -> then resolve them
- Zero context switching required from the user
- Go fix failing CI tests without being told how
## Task Management
1. **Plan First**: Write plan to 'tasks/todo.md' with checkable items
2. **Verify Plan**: Check in before starting implementation
3. **Track Progress**: Mark items complete as you go
4. **Explain Changes**: High-level summary at each step
5. **Document Results**: Add review to 'tasks/todo.md'
6. **Capture Lessons**: Update 'tasks/lessons.md' after corrections
## Core Principles
- **Simplicity First**: Make every change as simple as possible. Impact minimal code.
- **No Laziness**: Find root causes. No temporary fixes. Senior developer standards.
- **Minimal Impact**: Changes should only touch what's necessary. Avoid introducing bugs.
Feb 4: SA Becomes Class 'A' Shareholder of Afreximbank, Vodacom Revenue Jumps 13% to R35bn in 3Q
South Africa has formally joined the African Export Import Bank as a Class A shareholder, giving the country a stronger voice in the institution’s governance and access to expanded funding. As part of the move, Afreximbank is rolling out a $8 billion country programme for South Africa, following a signing ceremony confirming its accession to the bank’s establishment agreement.
Meanwhile, Vodacom Group posted a nearly 13% jump in third-quarter service revenue to 34.6 billion rand, driven by strong growth in Egypt and the Democratic Republic of Congo. Normalised service revenue rose 13.6%, in line with the group’s medium term targets, while financial services revenue surged 24.7% to 4.5 billion rand.
On today’s market, Moroccos MASI gained 0.03%, Kenya’s NSE edged up 0.91% and Mauritius SEM lowered 0.26%. On currencies, the Rand rose 0.12% and FCFA fell 0.20%.
And that’s how we wrap today’s update with big moves in finance and telecoms shaping Africa’s economic outlook. We’ll keep tracking the stories that matter. Thanks for watching.
@afreximbank@GovernmentZA@realDonaldTrump@CyrilRamaphosa@jamiesongreer@ngxgrp@DMONigeria@DangoteCement@MTNNG@ChapelHillNg@CardinalStoneNG@Vodacom@SafaricomPLC@NSE_PLC@ngxgrp@gstockexchange@dsxem@JSE_Group@NSE_PLC@EgxEgyptian@ESXEthiopia@BRVM_UEMOA@ZSE_ZW@BBoason
Feb 4: Congratulations are in order for Ms. Setutsi Ivowi, the newly named Secretary General of the AFCFTA Commodities Exchanges Association.
Meanwhile, Ethiopia (like Nigeria in 2023), throws out fuel subsidies, raising the pump price of petrol and diesel, a critical part of PM Abiy's long running economic reforms.
In East Africa, Tanzania says the country is ready to start drilling three natural gas wells, while energy giant Chevron signs a deal with Equatorial Guinea to fund Gepetrol in the Aseng gas project.
There's no downtime in Africa's commodities expansive commodities space. Visit https://t.co/3QFcGHNgIh for more Africa focused content. Subscribe to FAR #YouTube. It's FREE. Follow. Like. Share. Comment across all our social media platforms.
"Don't vote for me in 2027 if I don't give you constant electricity."
— President Bola Ahmed Tinubu.
2026: Nigerians still don't have constant electricity.