African markets and business updates

In parts of the Karamoja region, north-eastern Uganda, the effects of prolonged drought are already visible. Water sources have dried up or fallen to very low levels. Families are travelling further to find water, while pasture continues to deteriorate, putting pressure on livelihoods that depend on livestock and crop production. One of the clearest signs of the worsening situation is Kobebe Dam in Karamoja’s Moroto district, normally a critical source of water for communities and their livestock. This year, the dam has dried up. In Nakidongo, Moroto district, more than 645 households displaced from Kotido District have moved closer to the area in search of water.…

President John Dramani Mahama has set an ambitious target for Ghana: by 2030, the nation aims to end the export of raw mineral ores. This initiative is part of a broader strategy to expand domestic processing, promote industrialization, and create jobs. Addressing the 2026 Mining in Motion Conference, President Mahama outlined the Government’s comprehensive plans …

Faith, family unity and spiritual growth are fundamental to nurturing a strong and resilient military community. In this spirit, Roman Catholic faithful and their families gathered at Our Lady of the Holy Rosary Parish, Embakasi Garrison, for the annual Parish Family Day, an occasion that brought together worship, fellowship and celebration. The event also featured the official opening and blessing of the Cardinal Otunga Multipurpose Hall by the Bishop of the Military Ordinariate of Kenya, Rt. Rev. Wallace Ng’ang’a Gachihi.…

Cameroon Telecommunications (CAMTEL) and the Cameroon Electricity Corporation (SOCADEL) have agreed to explore infrastructure sharing to reduce network deployment costs, expand fiber-optic connectivity and improve electricity operations. The two state-owned companies signed a memorandum of understanding (MoU) in Yaoundé on Friday, October 16, to examine how they could share their existing infrastructure. The agreement calls for technical, legal and economic studies to assess the feasibility of sharing telecommunications and electricity infrastructure. The findings will inform a framework agreement defining the scope, conditions and implementation arrangements.…

Onafriq shut down its agent banking business in Nigeria in October, but months before announcing the closure, it had been negotiating a sale of Baxi. When Onafriq announced it was shutting down Baxi , its Nigerian agent banking business, on October 16, it marked the end of a five-year expansion effort that began when the company acquired one of Nigeria’s largest independent agent banking networks. But months before announcing the closure, the pan-African payments company had been negotiating a sale of Baxi.…

Military service extends beyond safeguarding national security to embracing compassion, uplifting vulnerable communities and strengthening the bond between the Kenya Defence Forces (KDF) and the people it serves. This spirit of service was demonstrated by the Kenya Air Force Parade Team, currently deployed in Eldoret for national parade duties ahead of Mashujaa Day celebrations at Kipchoge Keino Stadium, through a humanitarian outreach to Jawabu Rehabilitation Centre. The initiative, undertaken under the KDF Civil-Military Cooperation (CIMIC) framework, was coordinated by Warrant Officer Class Two (WO2) Emanuel Kolil and WO2 Mark Mutai.…

Five35 says selling its stake in Complete Farmer returned 3.5 times its money, an internal rate of return of 38% over four years. In April 2022, Five35 Ventures, a gender-focused venture capital firm , wrote one of its first cheques to Complete Farmer, a Ghanaian agritech company that connects smallholder farmers to buyers, inputs and financing. In March 2026, it sold its entire stake. Five35 says the sale returned 3.5 times its money, an internal rate of return of 38% over four years, and that Complete Farmer’s valuation rose from $6 million to $49 million over the same period.…

GRZ Bonds Market Trade Summary Report 16.10.2026 Download PDF GRZ Bonds Market Trade Summary Report 16 .10 .2026 Download PDF

GRZ Bonds Market Trade Summary Report 15.10.2026 Download PDF GRZ Bonds Market Trade Summary Report 15 .10 .2026 Download PDF

After a weekend of violent protests across France, students in Paris demonstrated again on Monday in front of the Louvre museum.