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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

First Bank director Anil Dua acquires First HoldCo shares worth N177.9 million

Nairametrics • 12 May 2026, 11:32

First HoldCo Plc has announced that Anil Dua, a non-executive director on the board of its banking subsidiary, First Bank of Nigeria, acquired shares worth N177.9 million.

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.

West Africa, Sahel terror groups remain threat to US interests, report says

Nairametrics • 12 May 2026, 11:16

The United States government has identified West Africa, the Sahel, and the Lake Chad Basin as some of the world’s most active and dangerous centres of terrorist activity, warning that jihadist groups operating across these regions continue to pose a direct threat to American interests and global security.

Octodec posts double digit distributable income growth at half mark

Moneyweb • 12 May 2026, 11:13

Octodec posts double-digit distributable income growth at half mark JSE-listed landlord Octodec has announced a double-digit growth in distributable income per share of 11% to 92.6 cents in the six months ended 28 February 2026, supported by improved funding costs, strategic asset sales, stable property income, and continued leasing momentum across key segments. The group posted its Rental collections for the real estate investment trust (Reit) remained strong at 98.5%, reflecting consistent tenant engagement and cash flow stability, while vacancies trended down, especially within the residential portfolio. CEO Jeffrey Wapnick says residential remains a key contributor within the portfolio,

Max Air confirms engine-related anomaly after Abuja–Katsina flight returns mid-air

Premium Times Nigeria • 12 May 2026, 11:12

Max Air says its Abuja–Katsina flight returned to Abuja shortly after takeoff on Monday after the crew detected an engine-related indication, following passenger's accounts describing panic onboard.

Kenya Teams Up With French Tea Seller to Raise the Profile of Its Specialty Tea

Ecofin Agency • 12 May 2026, 11:11

Kenyan tea producer Gatanga Industries signed a deal with French tea retailer Palais des Thés. The partnership aims to promote Kenyan specialty tea in international markets

Nearly Half of Young Angolans Remained Unemployed at End of 2025

Ecofin Agency • 12 May 2026, 11:04

Angola’s youth unemployment rate stood at 43.6% in late 2025. Informal work accounted for nearly 79% of total employment nationwide. Econo

Young people hit hardest as unemployment rises to 32.7%

BusinessLIVE / Business Day South Africa • 12 May 2026, 11:01

Nearly half of graduates unemployed or underemployed within first year of graduating South Africa’s unemployment rate surged more than expected to 32.7% in the first quarter of 2026 from 31.4% in the last three months of 2025, with young people yet again bearing the brunt of the national scourge. The total number of employed people in the country decreased by 345,000 to 16.8-million, while that of people without jobs rose 301,000 to 8.1-million during the period, Stat SA said on Tuesday. The number of discouraged job-seekers was up 178,000 to 3.9-million, other available job-seekers increased by 55,000 to 910,000

Pix of the Day, 12 May 2026

Africanews EN • 12 May 2026, 10:58

Pix of the Day, 12 May 2026

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