African markets and business updates

Developing competent, disciplined and forward-looking military leaders is central to strengthening operational effectiveness, institutional excellence and national defence capabilities. The Kenya Air Force (KAF) continues to invest in professional military education to prepare newly commissioned officers for the evolving demands of military service. Commander Kenya Air Force, Major General Bernard Waliaula, recently officially opened the Induction/Junior Officers Course for newly commissioned Specialist Officers and Special Duty Officers (SDOs), marking an important milestone in their transition into the KAF Officers Corps.…

The University of Seychelles Alumni Association has outlined its plans to strengthen student support, mentorship and career development during a courtesy call on the President of the Republic and Chancellor of the University of Seychelles, Dr Patrick Herminie, at State House this morning. The call provided an opportunity for the Association to share its objectives, discuss the challenges it is facing and explore ways to strengthen the University’s visibility at both national and international levels. In his introductory remarks, the Chairperson of the Association, Mr Dominique Sabino, thanked President Herminie for his support and introduced the members of the team.…

U.S. support for Madagascar's rare earth projects reflects growing interest in critical minerals. Madagascar expects mining revenue and jobs while preserving access to the U.S. market. Several investment and health commitments still depend on funding and implementation. Madagascar's cooperation with the ...

Rwanda and China agreed to cooperate on aircraft safety certification. The deal aims to improve regulatory oversight and technical exchanges. The agreement supports Rwanda's broader aviation development plans. Rwanda and China have signed a memorandum of understanding on airworthiness certification between ...

Pakistan is exploring Libyan crude as an alternative to Gulf supply routes. Libya has offered to discuss additional oil allocations for Pakistani buyers. Asian demand for African crude remains vulnerable to a recovery in Middle Eastern supplies. Pakistan is encouraging domestic ...

Banque du Caire plans to list 30% of its shares on the Egyptian stock exchange. The stake sale is estimated at $455 million, with Banque Misr set to retain control. The planned listing follows MNT-Halan’s launch of a separate public offering. Egypt’s ...

The Office of Sudan Affairs hosted a commercial diplomacy panel at U.S. Embassy Cairo bringing together 35 Sudanese entrepreneurs, YALI alumni, and emerging business leaders for an important conversation on the future of economic partnership. OSA moderated two panels featuring the senior Foreign Commercial Service Officer at U.S. Embassy Cairo, established Sudanese business leaders with experience working with U.S. companies, and leaders of Sudanese international business networks. In his opening remarks, the Chargé d’Affaires Jonathan Howard highlighted the tremendous importance of Sudanese entrepreneurs and the critical role they can play in shaping Sudan’s economic future.…

President Duma Boko is seeking Chinese investment and technology for a proposed electric-mobility hub near Serorome Valley. The planned site would host component manufacturing and vehicle assembly, but the government has yet to disclose investment commitments, project costs or a construction timeline. The ...

The President of the Economic Community of West African States (ECOWAS) Commission, H.E. General Birame Diop, on Monday 12 October 2026 received the Ambassador of the People’s Republic of China to Nigeria H.E Yu Dunhai at the ECOWAS Commission headquarters in Abuja, where both sides reaffirmed their commitment to strengthening cooperation in support of regional integration, peace, security and sustainable development. The Chinese Ambassador congratulated the President on his assumption of office and expressed confidence in the new leadership of the Commission, noting that it could open new frontiers for progress, sustainability and deeper regional integration.…

The Zambia Revenue Authority will not impose penalties, recover debts or suspend Tax Clearance Certificates over unreconciled historical data during the reconciliation period. The move follows business concerns about discrepancies and administrative disruption after historical tax transactions were transferred to TaxOnline. The temporary protection is separate from ...