News

African markets and business updates

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

Kenya Eyes Mid-2026 Agreement on New IMF Financing Program

Ecofin Agency · 12 May 2026 · 14:16

Kenya seeks new IMF financing agreement by June or July Program aims to strengthen fiscal buffers and budget flexibility Rising debt and global price shocks increase pressure on Kenya’s economy <p class="texte

West Africa • After Nairobi, Macron prepares final major African tour

Africa Intelligence · 12 May 2026 · 13:30

After Nairobi, Macron prepares final major African tour

Vodacom's $525 Billion Mobile Money Lead Rests on a Safaricom Stake Still Stuck in a Kenyan Court

Ecofin Agency · 12 May 2026 · 13:29

Vodacom disclosed $525.6 billion in processed mobile money transactions in the year through March 2026, but the figure consolidates Safaricom at 100% M-Pesa's transitioned from being a simple wallet to a f

Artificial Intelligence (AI) Strengthens Angolan Oilfield Operations as Easy People Backs Angola Oil & Gas (AOG) 2026 as Sponsor

Africa Energy Chamber · 12 May 2026 · 12:54

Angola’s oil and gas sector is entering a new phase of digital acceleration, where artificial intelligence (AI), cloud computing and enterprise IT systems are becoming integral to operational performance. Within this transition, IT services and consulting company Easy People is positioning itself as a partner of choice for operators seeking to scale efficiency through digital solutions. Easy

Libya’s Main Refinery Reopens After Clash-Induced Shutdown

Ecofin Agency · 12 May 2026 · 12:43

Libya’s Zawiya refinery resumes operations after clashes forced two-day shutdown Artillery shells struck refinery during security operation near Tripoli Refinery disruption threatens fuel supplies and Libya’s oil revenues

Plan to extend Mnangagwa's term threatens Zimbabwe debt relief

African Business · 12 May 2026 · 12:31

Zimbabwe's president wants to remove obstacles to his continued rule but international creditors are wary of his plans.

Verdant IMAP acts as financial advisor and arranger to Heath Goldfields on its USD 65 million debt financing and offtake

Africa Energy Chamber · 12 May 2026 · 11:46

Verdant IMAP ( www.Verdant-Cap.com ) has advised Hea

Kenya Unveils New Business Laws to Draw Investment and Ease Growth

Ecofin Agency · 12 May 2026 · 11:36

President William Ruto signed three laws aimed at improving Kenya’s investment climate. The measures target taxes, special economic zones and technology hubs. Kenya seeks more foreign investment as debt pressures weigh on the economy. <p class="

Kenya, France Deepen Ties With $1.17 Billion in New Agreements

Ecofin Agency · 12 May 2026 · 11:35

Kenya, France sign 1 billion euro cooperation agreements in Nairobi Deals cover railways, energy, ports, aviation and digital transformation CMA C

Mali’s Largest Gold Mine Returns to Production After Barrick Dispute

Ecofin Agency · 12 May 2026 · 11:32

Loulo-Gounkoto produced 80,000 ounces of gold in the first quarter of 2026. Barrick said the mine’s restart progressed faster than expected. The recovery could help lift Mali’s gold output after a sharp drop in 2025. <p class="textearticle"

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