African markets and business updates

In a statement released on Sunday, the ministry said the 124 per cent interest calculation includes the debt serviced by the federal government on behalf of other tiers of government, including external loans to states.

Streets littered with broken glass, burnt bicycles and debris greeted residents in France on Sunday 18 October, following demonstrations that left extensive damage across Paris, Lyon and Marseille.

Pope Leo XIV thanked the thousands of faithful in the Vatican’s Saint Peter’s Square on Sunday for their prayers while he was hospitalised earlier this week.

Huge plumes of black smoke billowed over St Petersburg, Russia’s second-largest city, on Sunday, 18 October, as a large-scale Ukrainian drone attack sparked fires at industrial and logistics facilities. Russian officials said 126 drones had been intercepted in the surrounding region.

Australian miner Deep Yellow has postponed its final investment decision on Namibia’s Tumas uranium project, citing unfavorable equity market conditions, and has set no new date. In the same region, rival Bannerman Energy has secured a $320.4 million investment from China’s state-owned nuclear ...

France woke up Sunday to devastated streets after clashes between police and protesters, mass looting and fires erupted nationwide as marches against rising costs of living degenerated into "extreme" violence.

Every child in Kakuma and Dadaab deserves quality learning and a clear pathway into Kenya’s education system. To achieve this, the Ministry of Education and the United Nations High Commissioner for Refugees (UNHCR) are assessing primary and secondary schools in the two refugee camps from 14th to 21st October 2026. The findings will show where learners and schools need the most support. They will guide targeted, evidence-based interventions to close those gaps and help shape the gradual inclusion of refugee learners into the National Education System.…

Angola expects fuel subsidies to cost up to 3.8 trillion kwanzas ($4.16 billion) in 2026, against 1.7 trillion kwanzas initially budgeted. Higher oil prices are increasing the cost of maintaining regulated fuel prices, even as they boost crude export earnings. The government plans to continue phasing out ...

An AI boom is lifting technology-exporting economies. But rising energy costs and climate disasters are pushing many developing nations into debt distress. Greater digital connectivity would allow them to benefit from tech advances.

Oryx Energies’ statutes permit loans to shareholders and guarantees secured by company assets. Moussa Diao and Hervé Bouvet acquired a majority stake in a buyout reported at about $1 billion, with Afreximbank named among the lenders in press reports. Oryx has agreed ...