African markets and business updates

Olivier Mouckocko has taken over Gabon's energy ministry amid recurring power outages, becoming the fourth minister to hold the position since September 2023. Gabon plans to bring 255 MW of new thermal power capacity online by mid-November, while the 35 MW Kinguélé Aval hydropower ...

Congo wants to use ATIDI guarantees to secure cheaper government loans. Guaranteed sovereign loans benefit from a 0% credit risk weighting under a BEAC agreement. No Congolese sovereign loan has yet been announced under the guarantee scheme. The Republic of Congo ...

Ministry of Energy Principal Energy Officer, Eng. Agnelli Kafuwe, and Zambia LPG Association Secretary General, Daniel Lyatumba, took to the radio airwaves in Kabwe to discuss Zambia’s energy future, including electricity, petroleum and liquefied petroleum gas (LPG), as part of the 2026 Energy Week celebrations. The discussion highlighted the importance of sustainable energy development and public awareness in supporting the country’s energy needs.…

The ECOWAS Bank for Investment and Development (EBID) has signed a $25 million revolving credit facility with Topaz Multi-Industries SA to expand industrial production in Guinea, strengthen local value chains and support manufacturing competitiveness. The agreement was signed on October 13, 2026.

In response to security concerns in the Vakaga prefecture, the MINUSCA Force and the Central African Armed Forces (FACA) are stepping up their joint patrols in Birao, Am-Dafock, and several surrounding localities. Through this strengthened cooperation, both forces aim to prevent threats against civilians, reassure local populations, and consolidate stability in this part of the country. On the afternoon of October 12, 2026, peacekeepers from MINUSCA's Zambian contingent and FACA personnel conducted a joint patrol along the main axes in and around Birao. This reinforced presence aims to reassure communities and strengthen trust between security forces and the population.…

A sense of calm currently prevails in Rumbek town. Amid the skitter of children, mothers sell dried fish and fresh vegetables in the marketplace. A hawker in a wheelbarrow raises his voice to be heard above the dusty swirl of commerce in the marketplace. But just days ago, the sound of heavy machine guns and running street battles shattered that tranquillity. “The gunshots were so loud that we hid under our beds. It was a sound that I hadn’t heard before. I saw many people running with their children to take them to safety. We decided that it was better to stay safe at home than to protect our property,” says Mbabazi Riesty Loduma, a pharmacy owner.…

British investment firm Appian plans to invest $2.5 billion in critical minerals worldwide over five years. Its African portfolio includes gold financing deals and majority stakes in Namibian zinc and copper projects. The company is also exploring new opportunities across Africa, although its share ...

Dangote Petroleum Refinery and Petrochemicals reported unaudited net profit of $4.73 billion for the nine months ended September 30, including approximately $2.91 billion in the third quarter, when global refining margins rose sharply. Its IPO prospectus shows $3.99 billion owed to controlling shareholder Dangote Industries at the ...

CANEX WKND will place African fashion front and centre, facilitating market access, production scalability, and commercial opportunity,

Eskom is seeking a strategic partner to develop and finance the 1,500 MW Tubatse pumped-storage hydropower project, which would become South Africa's largest facility of its kind. The project requires an estimated investment of 40 billion rand ($2.43 billion) and would provide 21 GWh of energy ...