African markets and business updates

Sixteen decentralized territorial entities in the Beni Territory received mobility support from MONUSCO on Monday, October 12. The support consisted of 16 motorcycles provided under a security governance project implemented by the Civil Affairs Section. The project aims to improve the mobility of local authorities in order to promote grassroots governance and ensure that the concerns of local communities are better addressed. The beneficiaries include the municipalities of Bulongo, Lume and Kasindi-Lubirigha, the Ruwenzori sector, as well as several neighborhood chiefs in the city of Beni.…

China's Sineng Electric has started delivering equipment for Egypt's Nefertiti and Horus battery storage projects, with an initial 1.1 GW of power conversion equipment scheduled for delivery by the end of 2026. The two AMEA Power projects represent a combined planned investment of $442 million, ...

Port Victoria has received further international recognition, having been named the Indian Ocean’s Best Cruise Terminal 2026 at the World Cruise Awards. The award was announced on 12 October 2026 during the World Cruise Awards Gala Ceremony, held at Princess Grand Jamaica as part of World Travel Week. The Ministry of Transport, Ports and Civil Aviation acknowledges this achievement and recognises the ongoing efforts of the Seychelles Ports Authority (SPA), which manages Port Victoria, to maintain service standards and strengthen Seychelles’ position in the regional and international cruise industry.…

Madagascar signed a partnership agreement with Orange Madagascar on October 8 to strengthen digital skills training, improve professional certification and align vocational education with labour market needs. The initiative complements a September agreement with France's Pix and broader digital training programmes, including a target ...

OPEC has slashed its 2026 global oil demand growth forecast to 400,000 barrels per day (bpd), down from 1.4 million bpd at the beginning of the year, amid heightened market uncertainty. The oil producers' group expects demand growth to rebound to 1.7 million bpd ...

The Ministry of Health (MOH) has launched its 2026 Mass Drug Administration (MDA) campaign to combat neglected tropical diseases (NTDs) across Liberia, targeting onchocerciasis (river blindness), lymphatic filariasis, commonly known as “big foot,” and soil-transmitted helminthiasis (intestinal worms). The campaign targets onchocerciasis in all 15 counties, lymphatic filariasis in Grand Cape Mount, Grand Kru, Maryland, and Sinoe counties, and intestinal worms in nine counties: Bomi, Bong, Gbarpolu, Grand Cape Mount, Grand Kru, Lofa, Maryland, Nimba, and Sinoe. Delivering the keynote address at the launch ceremony in Sinje, Grand Cape Mount County Health Officer Dr. Daniel M.…

F1 confirmed that racing will return to the continent for the first time since 1993 at the planned Bugusera circuit near Kigali. Formula 1 (F1) has confirmed that Rwanda will host the first African Grand Prix since 1993 in the early 2030s, kicking off a 10-year agreement to host races. The motorsports competition said that it expects a purpose-built circuit in Bugesera to be completed "early in the next decade" to host the races.…

China Geo-Engineering Corporation Lesotho had been announced as the contractor for the rehabilitation of the Maseru Border Post to Maqhaka section of the A1 road, in a project expected to cost over M700 million. Speaking at the announcement, the Deputy Prime Minister Justice Nthomeng Majara said the project was part of the mandate given to the Ministry of Public Works and Transport by Prime Minister Mr. Ntsokoane Matekane to ensure that communities across the country have access to roads.…

Liquid C2, a business of Cassava Technologies, a global technology leader, today announced a new reseller partnership agreement with KnowBe4, a global leader in digital workforce security, securing both humans and AI agents. Through this partnership, Liquid C2 will bring KnowBe4’s training and risk management solutions to enterprise customers across Africa. “At Liquid C2, we understand that employees are the first and best line of defence from cybersecurity attacks for any organisation. They are the foundation of a digitally resilient organisation.…

Buffalo farming in Italy offered lessons for Lesotho as the Ministry of Agriculture and Food Security explored ways to revive the Lesotho National Dairy Board (LNDB) and boost local milk production. This emerged during a tour by Agriculture and Food Security Minister Selibe Mochoboroane to Azienda Agricola Giancarlo D’Angelo, a buffalo farm and mozzarella cheese factory on the outskirts of Rome. Minister Mochoboroane said the visit had provided valuable lessons as the Ministry develops a turnaround strategy for the LNDB following the dissolution of its governing board.…