African markets and business updates

Nigeria's mining sector is preparing for a defining investment moment. On Tuesday, 13 October, Nigeria Mining Week 2026 ( ) is expected to host the announcement and signing of a major mining transaction before government leaders, mining executives, investors, financiers, chambers of mines, international institutions and technical partners. Described by event organisers as the biggest mining deal announcement in Nigeria since Segilola came online, the moment is expected to signal a new phase in the country's journey from mineral potential to bankable projects, operating mines, domestic processing and industrial value creation. For years, the industry has spoken about Nigeria's potential.…

Italian oil and gas company Eni plans to drill its first exploration well on Congo's offshore Block 24 in 2027, subject to the results of ongoing seismic data analysis. Eni reported production of nearly 160,000 barrels per day and is examining plans to expand ...

Zambia's economy is expected to grow by 5.6% in 2026, slightly below the IMF's earlier forecast of 5.8%, supported by agriculture, mining and copper exports. Despite the growth outlook, Zambia faces mounting fiscal pressures from weaker tax revenues and higher-than-budgeted spending. Authorities plan to ...

The Islamic Development Bank Institute (IsDBI) ( ) and the Universal Postal Union (UPU) have signed an agreement to launch a new project titled ‘Prosper MSMEs’. The project will explore how national postal networks in IsDB member countries can widen access to e-commerce and deliver Islamic finance-aligned digital financial services to micro, small and medium-sized enterprises (MSMEs) and underserved communities. The agreement was signed on 21 September 2026 by Dr. Sami Al-Suwailem, Acting Director General of IsDBI, and Mr. Masahiko Metoki, Director General of the UPU International Bureau.…

Russia's legal challenge to the EU's Carbon Border Adjustment Mechanism could offer Africa a route to question the controversial legislation.

Frehiwot Tamiru, CEO of Ethio Telecom since 2018, was appointed Ethiopia’s Minister of Innovation and Technology on October 8, following a cabinet reshuffle by Prime Minister Abiy Ahmed. Under her leadership, Ethio Telecom expanded into digital financial services, cloud computing and e-commerce. The operator reported revenue ...

Harena Rare Earths announced on October 12 that it had secured the exploitation permit for its Ampasindava rare earths project in Madagascar, bringing the planned mine closer to development. The project requires an estimated initial investment of $142 million and is expected to produce 71,000 tons of ...

Chad began reviewing its National AI Strategy for 2026-2030 on October 8, with plans to establish priorities for AI development and use. The strategy has not yet received final approval. The review follows the technical validation of Chad's National Data Governance Strategy on October 7, aimed ...

The World Bank is preparing 14 to 15 debt refinancing deals to help countries replace expensive loans with cheaper financing, without canceling their debt. Developing countries are expected to pay about $400 billion to external creditors in 2026, with interest accounting for roughly one-third of that amount. Côte ...

Known as the "Pearl of the Sahel," Sousse is one of Tunisia's most captivating destinations. With its centuries-old heritage and turquoise Mediterranean waters, the city offers an inviting mix of sun-soaked beaches, lively markets and historic landmarks. A Timeless Medina Alive With Color The heart of Sousse is ...