African markets and business updates

President Dr Patrick Herminie received the Letters of Credence of H.E. Mr. Saad Abdullah Alnofaia, Ambassador-designate of the Kingdom of Saudi Arabia to the Republic of Seychelles, during an accreditation ceremony held this morning at State House. Following the ceremony, President Herminie and Ambassador Alnofaia held discussions on the bilateral relations between Seychelles and Saudi Arabia, reaffirming the long-standing friendship between the two countries and their shared interest in further strengthening co-operation. The discussions covered a wide range of areas of mutual interest, with particular emphasis on tourism, investment, trade, energy and development co-operation.…

IMF staff and the Senegalese authorities have reached a staff-level agreement on the key economic policies that could underpin a new Extended Credit Facility (ECF) arrangement to support the authorities’ comprehensive economic reform program. The agreement is subject to IMF Executive Board approval. The authorities’ reform program aims to restore macroeconomic stability and debt sustainability, reduce fiscal and external vulnerabilities, increase social spending, and support sustainable, private sector-led growth.…

The accreditation of Angola’s new non-resident Ambassador to Seychelles on Tuesday is opening a fresh chapter in nearly four decades of diplomatic relations, with President Dr Patrick Herminie calling for the longstanding friendship between the two countries to translate into stronger and more concrete cooperation. Ambassador Domingos de Almeida da Silva Coelho formally presented his credentials to President Herminie at State House, marking the start of his tenure as Ambassador Extraordinary and Plenipotentiary of the Republic of Angola to Seychelles.…

Speaker Jacob Marksons Oboth has praised the outgoing Archbishop of the Church of Uganda, Rt Rev. Dr. Stephen Samuel Kaziimba Mugalu for what he described as a fearless and consistent voice on integrity and accountability. Oboth who was speaking at a farewell service held in honour of Kaziimba Mugalu at St. Peter's Cathedral, Tororo said that said that Archbishop’s willingness to speak on matters of character and accountability had gone beyond the pulpit to shape public leadership. "For those entrusted with public responsibility, your firm moral voice has given us confidence to do what is right, even when it is difficult.…

The 26th Meeting of the Sectoral Council on Legal and Judicial Affairs took place from 24th to 29th August, 2026 at the EAC Headquarters in Arusha, Tanzania, where EAC Partner States considered amendments to various Community legal instruments and provided legal input on matters relating to the Community. The meeting was chaired by Hon. Dr. Sam Mayanja, Attorney General of the Republic of Uganda and attended by Attorneys General; Ministers of Justice; Deputy Attorneys General; Solicitors General; Permanent Secretaries; Undersecretaries; Senior Officials from the Partner States and staff of the Organs and Institutions of the Community.…

A cultural show in connection with the 65th anniversary of the beginning of the armed struggle for independence was organized yesterday evening, 31 August, at Cinema Roma. The program, organized in collaboration with the Commission of Culture and Sports and the National Holidays Coordinating Committee, featured cultural and artistic performances reflecting the profound significance of the day to the Eritrean people, the immense sacrifices paid for independence, and the victory achieved. It also featured songs, poems, and dramas depicting the unity and harmony of the Eritrean people. The program was broadcast live on Eritrean Television.…

The Minister of Forestry, Fisheries and the Environment, David Maynier, visited the Bontebok National Park on 29 August 2026, to receive a briefing on the park’s recovery following severe flooding on the Breede River in the Western Cape in May 2026. The flood resulted in severe damage to some of the park’s chalets, the picnic site, and the near complete destruction of the main access road to the accommodation area. The total cost of repairing the damage is estimated to reach R12.3 million.…

The Council today appointed Ms. Birgitte Nygaard Markussen as the new European Union Special Representative (EUSR) for the Sahel region. She will take up her duties on 1 September 2026 for an initial mandate of 12 months, until 31 August 2027. She succeeds João Cravinho, who has served as the EUSR for the Sahel since November 2024. The EUSR for the Sahel will support the High Representative in implementing the 2025 EU's renewed approach to the region and contribute to promoting lasting peace, security, stability, and sustainable development across Burkina Faso, Chad, Mali, Mauritania, and Niger and the broader region.…

A proposal by the Ministry of Lands, Housing and Urban Development to temporarily halt the issuance of special certificates of title for three months sees legislators divided. A special certificate of title is a replacement land tile that is issued by the Registrar of Titles when the original owner’s copy is lost, destroyed or completely damaged. While justifying the intervention during a plenary sitting on Tuesday, 01 September 2026, the State Minister for Lands, Hon. Harriet Ntabazi said the ministry received complaints that special certificates of title had, in some cases, been obtained or issued notwithstanding the continued existence of the original duplicate titles.…

The Minister of Forestry, Fisheries and the Environment, David Maynier, visited the Bontebok National Park on 29 August 2026, to receive a briefing on the park’s recovery following severe flooding on the Breede River in the Western Cape in May 2026. The flood resulted in severe damage to some of the park’s chalets, the picnic site, and the near complete destruction of the main access road to the accommodation area. The total cost of repairing the damage is estimated to reach R12.3 million.…