African markets and business updates

Russia organized an agricultural trade mission to South Africa from October 12 to 14 to explore opportunities to increase exports. Russian agricultural shipments to the country exceeded $54 million in the first nine months of 2026, with grain accounting for the bulk. South Africa's agricultural ...

The Principal Secretary for Environment and Climate Change, Dr. Eng. Festus K. Ng’eno, MIEK, CBS, today chaired a meeting with Heads of Departments (HODs) at the Ministry Headquarters to review the proposed restructuring of projects within the State Department and oversee the signing of Performance and Productivity Contracts (PPCs) for the Financial Year 2026/2027. The meeting focused on strengthening institutional efficiency, eliminating duplication of project activities, improving resource allocation and enhancing accountability in the implementation of environmental and climate change programmes.…

Côte d’Ivoire approved a CFAF 124.4 billion ($212.8 million) financing agreement with the World Bank's International Development Association on October 14 to expand vocational training and improve employment prospects. The SIRA project will support vocational training centers, modern equipment, internships and apprenticeships, particularly for ...

Libya's National Oil Corporation announced on October 12 that preparations were underway to bring a new gasoline production unit online, part of efforts to boost domestic fuel output and reduce reliance on imports. Libya imports more than 150,000 barrels per day of refined fuels, ...

On October 14th 2026, President Abdel Fattah El-Sisi, President of the Republic and Supreme Commander of the Armed Forces, attended the 44th Cultural Symposium titled "Homeland of Heroes," marking the 53rd anniversary of the glorious October victories, held at the Al-Safwa International Convention Center at the Egyptian Military Academy in the New Capital. The Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, stated that upon his arrival, the President was received by Prime Minister Dr.…

A spokesman says the country is targeting an F1 Grand Prix in 2028 or 2029, before the Rwandan GP's likely start in the early 2030s.

Kenya approves $350 million in fresh financing for its national airline. Another $940 million in government loans will be converted into quasi-equity. The rescue follows a sharp rise in losses and prolonged aircraft groundings. Kenya's government has approved a new financial support package worth approximately $1.3 billion for ...

The project covers between 376 and 401 kilometers of roads in Niger State. State transport spending rose to $1.88 billion in 2025, according to the World Bank. Higher fuel and logistics costs continue to put pressure on food prices. Nigeria's federal government has launched a project ...

The fund aims to raise $100 million for nature-based carbon and conservation projects across Africa. Its first $20 million fundraising round is scheduled to close in 2027. The initiative targets projects that can take three to seven years to generate revenue. Finance Earth, a UK-based environmental finance ...

The government is aiming to begin implementing a digital Human Resource Management System (HRMS) next year as part of wider efforts to reduce administrative delays, improve efficiency and strengthen public service delivery, Vice-President Mr Sebastien Pillay said. The Vice-President outlined this expectation during a strategic briefing with representatives of FreeBalance at State House this afternoon, where discussions centred on the government's digital transformation agenda and its vision for a more modern, efficient and technologically driven public service.…