African markets and business updates

Algeria plans to invest $71.6 billion in upstream hydrocarbons, refining and petrochemicals by 2030 to meet rising domestic demand and preserve export volumes. The country aims to increase primary hydrocarbon production to about 201 million tonnes of oil equivalent by 2030, from 193 million tonnes ...

Ethiopian Airlines and China Southern Airlines have signed a codeshare agreement to expand travel options between China and Africa, allowing passengers to access more destinations through connecting flights on both networks. Round-trip passenger traffic between China and Africa rose 36% to 2.93 million in 2025, but ...

China's Jinko ESS has signed an agreement to supply 34 battery storage systems with a combined capacity of 18 MWh for a telecom project in Mali, where operators are working to reduce their reliance on diesel generators. Investment in cleaner telecom power is growing in Mali, ...

Vista Bank Group has launched operations in France with €50 million in authorized capital, aiming to make international transactions faster and less costly for its African clients by reducing reliance on intermediary banks. Vista Bank France will offer correspondent banking, trade finance, foreign exchange and corporate banking ...

Kenya plans to distribute 2 million cocoa seedlings to farmers by the end of 2026, with the government considering subsidies to make them more affordable and encourage cultivation. Kenya designated cocoa as a regulated crop in 2024, laying the groundwork for industry development. However, exports remain ...

Capital Limited's subsidiary MSALABS has begun operating a gold-testing laboratory at the Koné mine in Côte d’Ivoire under a five-year contract, with a second facility in Korhogo expected to receive its first samples by year-end. Côte d’Ivoire's gold production has increased nearly fivefold since 2012, attracting ...

Angola plans to open more than 100 oil and gas blocks, mostly onshore, and halve concession award times from six to three months under a 25-year development plan expected by the end of 2026. Oil and gas companies would face different licensing terms depending on project ...

Strategic partnerships and meaningful community engagement are powerful instruments for transforming lives, nurturing hope and strengthening the bond between the Kenya Defence Forces (KDF) and the communities it serves. The Kenya Defence Forces Golf Association (KDFGA), in partnership with Windsor Golf Hotel & Country Club and Kenafric Group, conducted a Corporate Social Responsibility (CSR) outreach benefiting pupils of Moi Forces Academy and Moi Airbase Primary School.…

The Public Relations Division of the Ministry of Agriculture reported that exemplary Eritrean farmer Ms. Rozina Mebrahtom was honored as one of the “FAO 100 Women Heroes 2026” by the Food and Agriculture Organization (FAO) in Rome, Italy, on 16 October 2026, in connection with World Food Day celebrations. Ms. Rozina was selected from among over 600 exemplary women from 131 countries, becoming one of the 100 honorees and a source of pride for Eritrea in general and Eritrean women farmers in particular. According to information obtained from the Food and Agriculture Organization, Ms.…

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 ...