African markets and business updates

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.…

The Minister of State for Sports, Hon.Peter Ogwang has revealed that 80 students at Lubega Institute of Nursing and Health Professionals in Iganga District were not suspended or expelled after forged bank payment slips were discovered. According to the institute's management, the students had allegedly entrusted their fees to an individual who offered to make payments on their behalf but instead issued forged slips showing amounts higher than those actually paid.…

In 2025, MSF-run and supported nutrition centres in northern Nigeria recorded exceptionally high numbers of children admitted for malnutrition. In Katsina state, where MSF runs its largest nutrition programme, the number of children treated between January and August 2026 was slightly lower than during the same period in 2025. However, the figure remains extremely high, and the nutritional crisis across the region continues to be deeply concerning. Only sustained, large-scale financial mobilisation by Nigeria’s federal and state authorities, international donors and humanitarian partners can help curb this chronic crisis, which contributes to the deaths of thousands of children every year.…

Since June this year, a cholera outbreak has been affecting the Popokabaka health zone, in DRC’s Kwango province. As of 22 July, 345 suspected cases and 21 deaths were reported across 26 of the health zone’s 35 health areas, representing a case fatality rate of 6.1 per cent. Médecins Sans Frontières (MSF) is supporting the Ministry of Health in the response, including through patient care, epidemiological surveillance, and water, sanitation and hygiene activities. The outbreak in Popokabaka was officially declared on 25 June, after the National Institute of Biomedical Research confirmed the presence of Vibrio cholerae .…

H.E. Ali Mohamed Omar, State Minister for Foreign Affairs and International Cooperation, received a UNTMIS delegation led by Officer-in-Charge Mr. Raisedon Zenenga. The meeting covered the final phase of the transition, recent political and security developments, and the need for a handover that strengthens Somali institutions and protects gains in peacebuilding and state-building. The State Minister reaffirmed the Federal Government’s commitment to a Somali-led transition and thanked the United Nations for its longstanding partnership. Distributed by APO Group on behalf of Ministry of Foreign Affairs and International Cooperation - Federal Republic of Somalia.

Foreign Minister H.E. Abdisalam Ali received Algeria’s Ambassador to Somalia, H.E. Mohamed Alim, to discuss expanding trade and investment between the two countries. Building on a longstanding friendship, Somalia and Algeria aim to give their ties a stronger economic foundation. Distributed by APO Group on behalf of Ministry of Foreign Affairs and International Cooperation - Federal Republic of Somalia.

Shell Petroleum B.V. has agreed to sell its entire stake in Shell Nigeria Gas Group to Vaaris Energy Limited, ending more than 25 years of involvement in Nigeria's domestic gas distribution market, subject to the transaction's completion. The sale covers a network of approximately 170 kilometres ...

Eritrean communities in Riyadh, Saudi Arabia, and Doha, Qatar, conducted seminars on 12 October to discuss the current responsibilities of nationals. At the seminar in Riyadh, Ms. Weini Gerezgiher, Chargé d’Affaires at the Eritrean Embassy in the Kingdom of Saudi Arabia, gave an extensive briefing on the objective situation in the homeland as well as regional and global developments. The participants, for their part, expressed their commitment to strengthening their organization and playing their due part in national affairs. Similarly, at the seminar conducted in Doha, Mr.…

Solarise Africa has secured a €1 million grant from EEP Africa to enter Zambia and expand its renewable energy operations in Uganda. The company will contribute an additional €1 million to the 24-month programme, bringing total funding to €2 million and supporting the deployment of 3 MW of additional ...