African markets and business updates

Nigeria has presented 65 projects worth $78.5 billion to international investors under its Project Nigeria initiative, targeting private capital for energy, transport, agriculture, industry and technology. The government is highlighting stronger economic indicators to attract investment, including $54.6 billion in foreign reserves, improved sovereign credit ratings ...

About 85% of Africa’s trade is conducted with the rest of the world, while trade between African countries, though smaller, contains a higher share of manufactured goods. This gives ports and the transport corridors linking them to inland markets a ...

“I visited a school where teachers told me they are being forced to regularly suspend lessons as a result of drones flying overhead,” Saraf said. “It is an outrage that children should experience such things when simply trying to get education: they should not have to be brave just to attend school.” NRC-supported learning centres in El Obeid have enrolled more than 5,500 pupils, with many other families still trying to enrol their children. NRC works with its partner, the Alsalam Organisation for Rehabilitation and Development (AORD), to help children catch up on missed learning and cope with fear and stress.…

Africa Finance Corporation (AFC) has appointed Central Bank of Nigeria Governor Olayemi Cardoso as chairman of its board, succeeding Ireti Samuel-Ogbu, who will remain a director. AFC has invested more than $20 billion across 36 African countries since its establishment in 2007, positioning itself as ...

A new United Nations Mission in South Sudan (UNMISS) initiative, known as Citizens’ Talk, is bringing communities together to discuss shared challenges and explore solutions. As the name suggests, these dialogue forums aim to empower people to play an active role in shaping their communities’ futures. In Terekeka, where land disputes, competition over scarce resources and cattle raids have long fueled tensions, the forums offer a pathway towards peaceful coexistence.…

The Kenya Defence Forces (KDF) commemorated KDF Day 2026 with nationwide and international engagements that honoured fallen heroes, celebrated the dedication of serving personnel and veterans, and reaffirmed the centrality of troop welfare, professionalism and operational readiness in safeguarding national security.…

The World Bank has mobilised an additional $93 million to support the Ebola response in the Democratic Republic of Congo (DRC) and neighbouring countries, bringing its total financial commitment to $426.6 million. The DRC will receive $80 million to strengthen disease surveillance, laboratory capacity, patient care and ...

The National Bank of Ethiopia (NBE) and the Pan-African Payment and Settlement System (PAPSS) today announced that Ethiopia has officially joined the PAPSS network, marking an important milestone in the country’s integration into Africa’s financial and payments ecosystem. PAPSS was established under the auspices of Afreximbank, the African Union and the African Continental Free Trade Area (AfCFTA) Secretariat as a critical infrastructure supporting the continent’s economic integration and intra-African trade ambitions .…

dLocal ( www.dLocal.com ) (NASDAQ: DLO) , the leading payments platform connecting global merchants to emerging markets, and Western Union ( www.WesternUnion.com ), a global leader in cross-border money movement, today announced an expansion of their partnership in Africa to include payouts. This adds to the collections work they already run together, with dLocal providing the technology and connectivity layer, while regulated local partners execute the relevant payment and payout services. The expansion will start with a live payout corridor in Cameroon.…

The International Monetary Fund’s October 2026 Regional Economic Outlook projects 4.5% growth in sub-Saharan Africa in 2026 and 2027 despite the shock from the Middle East war, with median inflation rising to 5% in 2027. Montfort Mlachila, deputy director of the IMF’s African Department, tells ...