U.S. Senate Approves Two-Year Extension of AGOA Trade Deal
The U.S. Senate has approved a two-year extension of the African Growth and Opportunity Act, keeping duty-free access on more than 1,800 products from 32 sub-Saharan African nations in place until December 2028. The extension, which also covers similar trade programs for Haiti, comes as a relief for African businesses ahead of the current deal's expiration at the end of September.
West Africa Pushes to Create Its Own Fuel Pricing Benchmark
West Africa is working to build its own petroleum pricing benchmark as Nigeria's Dangote refinery reshapes the region's fuel market, which has long relied on imports and pricing from Europe and beyond. The 650,000-barrel-per-day refinery helped cut the region's clean petroleum product imports by roughly 23% between April and May, but officials say a credible benchmark still needs deeper infrastructure, market liquidity, and consistent transactions to succeed.
Spain Rejects Morocco's Renewed Sovereignty Claims Over Ceuta and Melilla
Spanish officials said today, Wednesday, August 12, that Ceuta and Melilla's status as Spanish territory isn't up for discussion, after Morocco's justice minister publicly reasserted Rabat's sovereignty claims over the enclaves for the first time since July's border crisis, which killed at least 96 people. Morocco has also stepped up security near the two territories over online calls for another mass crossing attempt on August 15, warning it will prosecute organizers.