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African markets and business updates

Latest headlines from African markets, companies, and business sources.

Top Companies in South Africa 2026: diversity is a strength

African Business · 13 May 2026 · 04:00

Mining, banking, telecoms, insurance, retail, chemicals, restaurant and internet services round out a diverse South African list.

African Energy Week (AEW) 2026 Renegade Intel Platform to Position Oil & Gas at the Center of the Global Artificial Intelligence (AI) Data Center Drive

Africa Energy Chamber · 12 May 2026 · 19:34

Africa’s premier energy event, African Energy Week (AEW), is pl

95th Periodic Meeting of Heads of Operations Arab Coordination Group: Advancing Progress and Enhancing Development Impact Virtual Meeting, 11–12 May 2026

Africa Energy Chamber · 12 May 2026 · 19:07

The Arab Coordination Group (ACG) ( www.TheACG.org ) held its 95 th periodic technical meeting of Heads of Operations virtually on 11–12 May 2026 to discuss development projects and joint initiatives. The meeting focused on strengthening cooperation, reviewing ongoing initiatives, and identifying priorities for development fina

Biovac and Proparco Commit $180 Million to Expand African Vaccine Production

Ecofin Agency · 12 May 2026 · 18:48

Biovac and Proparco announced a $180 million investment to expand an African multi-vaccine production facility. Africa currently produces less than 1% of the vaccines it consumes, according to Africa CDC. <li

Lagos Advances Electricity Market Autonomy With New Private Sector Licenses

Ecofin Agency · 12 May 2026 · 18:40

Lagos State Electricity Regulatory Commission (LASERC) issued 14 licenses and operating permits to private electricity operators across five market segments. Lagos aims to raise generation capacity from less than 60 megawa

AXIAN and Proparco Expand Partnership Across Africa’s Energy and Digital Sectors

Ecofin Agency · 12 May 2026 · 18:38

Proparco plans to mobilize up to 300 million euros over the next three years to support AXIAN’s energy and digital infrastructure expansion in Africa. The partnership covers telecom networks, data centers, renewa

Updates on the 2026 Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics

Africa Energy Chamber · 12 May 2026 · 15:11

The Islamic Development Bank Institute (IsDBI) ( www.IsDBInstitute.org ) announces that the IsDB Prize for Impactful Achievement in Islamic Economics will be awarded every two years, alternating between the Knowledge Contribution and Development Solutions categories. The next cycle of the Prize will be launched

Egypt Plans Rooftop Solar Program for 7,000 Factories to Cut Costs, Add 1,000 MW

Ecofin Agency · 12 May 2026 · 15:00

Egypt plans rooftop solar systems for 7,000 industrial factories Initiative targets 1,000 MW capacity to ease pressure on power grid Program aims to cut energy costs and boost export compe

Angola and Algeria Sign 11 Agreements to Build Strategic Partnership

Ecofin Agency · 12 May 2026 · 14:45

Angola, Algeria sign 11 cooperation agreements during state visit Deals cover energy, agriculture, health, digitalization and infrastructure sectors Countries seek stronger trade, regional integration and econo

Burkina Faso, China Sign New Economic Cooperation Agreements

Ecofin Agency · 12 May 2026 · 14:23

Deals target agri-processing, packaging and exports to Chinese markets Partnership strengthens Chinese investment and trade ties with Burkina Faso Burkina Faso and China signed seve

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