African markets and business updates

Growtech West Africa, the international agribusiness platform, has announced a collaboration with the National Agricultural Development Fund (NADF) ahead of the inaugural exhibition in Lagos, as stakeholders seek to strengthen access to technology, investment, and expertise that can support productivity and food security across Nigeria’s agricultural sector. The collaboration connects Growtech’s international network of agricultural […]

Nigerian Exchange Group Plc (NGX Group) has been named Africa’s Best Exchange at the Euromoney Markets Awards 2026, recognising its contribution to market infrastructure, digital innovation and capital formation. Presented at the Mandarin Oriental Hyde Park, London, on Thursday, 15 October 2026, the award recognises achievements in market development during 2025 and comes amid robust […]

For lenders, they must determine whether a borrower earns enough to repay, whether that income can be verified, what other financial obligations the borrower has, and how likely they are to meet the repayment schedule. As a result, people can participate in the formal financial system and still struggle to obtain affordable credit. This is Follow the Money , our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday.…

South Africa’s mining industry is at a precipice. As mines pursue greater depths, they face ageing infrastructure, skills shortages and mounting pressure to improve safety. Sustainability and productivity are forcing companies to rethink how they operate. In this environment, artificial intelligence (AI) is already influencing how decisions are made, how risks are managed and how …

CMA CGM has announced new Peak Season Surcharges (PSS) for container shipments from China, South America and Morocco. The charges will take effect on different dates between October 22 and November 15, 2026. They vary by trade route, container size and cargo type. Surcharges on shipments from China CMA CGM will introduce a surcharge of […] CMA CGM has announced new Peak Season Surcharges (PSS) for container shipments from China, South America and Morocco. The charges will take effect on different dates between October 22 and November 15, 2026. They vary by trade route, container size and cargo type.…

Guinea's Parliament has approved a $336.45 million loan for the Labé–Tougué road project. The project includes 160 km of roadworks and a 200-meter bridge, with construction expected to take 36 months. The investment aims to improve transport links and help farmers reach markets in ...

Nigerian states are partnering with private investors to develop oil palm plantations and processing facilities. Projects worth more than $220 million are planned in Cross River and Abia, while commercial production has resumed in Enugu. Nigeria's palm oil output is expected to remain at ...

Latest fundamental analysis projects that the USD/NGN exchange rate will remain around N1,290–N1,370 per US dollar through October.

Cameroonian waste management company Hygiène et Salubrité du Cameroun (Hysacam) says more than 100 garbage trucks have been loaded for shipment to Cameroon under a procurement program covering 305 vehicles. Garba Ahmadou, the company's regional director for the Centre region, announced the development in Yaoundé on October 14, 2026. According to the official, the capital is expected to receive an initial batch of 30 trucks to reinforce the 90 vehicles currently assigned to waste collection across its districts. The announcement comes after an earlier deadline set by Hysacam's management for the new vehicles to enter service.…

The undead stalked the streets of Mexico City on Sunday for the 19th annual Zombie Walk. The gathering has become a tradition in the Mexican capital. It combines horror-inspired costumes and makeup with a family-friendly celebration.