African markets and business updates

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 ...

Africa Finance Corporation (AFC) ( www.AfricaFC.org ), the continent's leading infrastructure solutions provider, announces the appointment of Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), as Chairman of its Board of Directors. He succeeds the immediate-past Chair, Ireti Samuel-Ogbu, who served the Corporation meritoriously during her tenure and continues to serve as a board member. Mr Cardoso brings extensive experience spanning international banking, investment management, economic policy and public sector leadership.…

Thor Explorations has lowered its 2026 gold production guidance for Nigeria's Segilola mine to 70,000–72,000 ounces, down from its previous target of 75,000–85,000 ounces. Heavy rainfall in late August disrupted mining operations, while third-quarter production reached 15,515 ounces, bringing total output for the first ...

The World Bank Group has announced $93 million in new financing, including $80 million for DR Congo and $13 million for regional preparedness. The new funding brings the group's total commitments to the Ebola response to $426.6 million. A UN assessment published in June estimated that the ...

Deputy Prime Minister Justice Nthomeng Majara has affirmed Lesotho’s readiness in supporting constructive dialogue, mutual learning and collective action as the host of the 48th Ordinary Session of the African Committee of Experts on the Rights and Welfare of the Child (ACERWC). Justice Majara said when officially opening the session in Maseru on Tuesday where she urged all to use the opportunity to share experiences, celebrate progress, confront challenges honestly and strengthen their common resolve to build an Africa where evey child is protected, respected, nurtured, loved and empowered to achieve their full potential.…

The Department of Forestry, Fisheries and the Environment (DFFE) today joins the global community in commemorating International E-Waste Day, observed annually on 14 October to raise awareness on the growing challenge of electrical and electronic waste and the importance of responsible collection, recovery and recycling. This year’s International E-Waste Day is commemorated under the theme “Fast Tech | Don’t bin it, bring it!”, placing the spotlight on small, inexpensive electronic products such as earphones, charging cables, adapters, electronic toys, mini fans and other everyday gadgets that are often discarded with general household waste instead of being recycled.…

The Minister of Foreign Affairs and International Cooperation, H.E. Abdisalam Ali, today received the outgoing Ambassador of the Kingdom of Saudi Arabia to Somalia, H.E. Mr. Ahmed Mohammed Saleh Al-Muwalad, for a farewell meeting. The Minister thanked the Ambassador for his role in strengthening the brotherly ties between the two nations and wished him success in his next assignment. Distributed by APO Group on behalf of Ministry of Foreign Affairs and International Cooperation - Federal Republic of Somalia.

Canadian mining company Tsodilo Resources has established subsidiaries in DR Congo and Namibia, expanding its exploration activities beyond Botswana, where it is developing a rare earths project. In DR Congo, the company is targeting lithium, tantalum, niobium, gold and copper in Haut-Lomami and Tshopo ...

Zambia's Mopani Copper Mines shareholders have reaffirmed their commitment to producing 300,000 tons of finished copper annually by 2029, despite disagreements over investment and management. Mopani produced 66,369 tons of copper in 2025, up from 63,610 tons in 2024. The company has spent more ...