African markets and business updates
Latest headlines from African markets, companies, and business sources.
South Africa: Forestry, Fisheries and the Environment celebrates International E-Waste Day
South Africa: Forestry, Fisheries and the Environment celebrates International E-Waste Day
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.…
Somalia: Foreign Minister Bids Farewell to Outgoing Saudi Ambassador
Somalia: Foreign Minister Bids Farewell to Outgoing Saudi Ambassador
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.
Canada’s Tsodilo Expands Critical Minerals Ambitions to DR Congo, Namibia
Canada’s Tsodilo Expands Critical Minerals Ambitions to DR Congo, Namibia
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 ...
Two Years After $1 Billion Pledge, Zambia Wants More Copper From UAE Investor IRH
Two Years After $1 Billion Pledge, Zambia Wants More Copper From UAE Investor IRH
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 ...
IMF's Georgieva urges fiscal consolidation and subsidy avoidance
IMF's Georgieva urges fiscal consolidation and subsidy avoidance
Georgieva said nations must reckon with higher interest rates, geopolitical tensions, disrupted supply chains and technological risks.
Benin, Arab Development Bank Sign $65 Million Agreement to Expand Electricity Access
Benin, Arab Development Bank Sign $65 Million Agreement to Expand Electricity Access
Benin has secured $65 million in financing from the Arab Bank for Economic Development in Africa to expand and modernize electricity distribution networks in 127 communities across seven departments. The project aims to connect 61,127 households, several public facilities and 4,300 microenterprises to the electricity ...
Investment Firm Helios Expands Its Ambitions in African Sports and Entertainment
Investment Firm Helios Expands Its Ambitions in African Sports and Entertainment
Helios Investment Partners has outlined a strategy to expand its investments in Africa's sports and entertainment industries through Helios Sports & Entertainment Group (HSEG). The group's portfolio includes NBA Africa, sports infrastructure company Zaria Group, entertainment business The Malachite Group and mixed martial arts ...
South Africa: Cancer awareness drive brings screening and education closer to the community
South Africa: Cancer awareness drive brings screening and education closer to the community
The South African Consortium for Advanced Research Training in Africa, together with the National Cancer Registry (NCR) housed within the National Institute for Communicable Diseases (NICD), led a community cancer awareness activation at Oakmoor Taxi Rank in Tembisa, Johannesburg, in September. The activation brought together local road traffic services, community health workers, Wits Infectious Diseases and Oncology Research Institute, the Tembisa Hospital NHLS laboratory, and other partners, with support from the Democratic Nursing Organisation of South Africa, the NICD, and the Ekurhuleni Health District.…
IMF, African Ministers Urge Stronger Tax Collection Even as Most Countries Surveyed Collect Less Than the Recommended 15% Minimum
IMF, African Ministers Urge Stronger Tax Collection Even as Most Countries Surveyed Collect Less Than the Recommended 15% Minimum
African finance ministers and the IMF are calling for stronger tax collection and better-targeted public spending to fund development, protect vulnerable households and reduce pressure on government budgets. Twenty of 38 African countries surveyed collected less than 15% of GDP in taxes in 2023. ...