African markets and business updates

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 ...

Cameroon’s main opposition MRC elected a new party president on Saturday, Tiriane Balbine Noah. She replaces Maurice Kamto and becomes the first woman to lead the party.

President says he will step down in 2030 but floats new process that would consolidate role of army in state

The Kenya Defence Forces (KDF) has reaffirmed its commitment to the holistic welfare of Service personnel through the official opening and dedication of the newly constructed Karare Barracks Mosque, providing a dedicated place of worship to strengthen spiritual well-being, moral discipline and military cohesion. The ceremony, held on 16 October 2026, was presided over by the Director of the Directorate of Oversight, Compliance and Accountability (DOCA), Major General Mohamed Isak Iddi, and marked a significant milestone in promoting religious inclusivity and spiritual resilience within the military community.…

Spiritual well-being is an essential pillar of personnel welfare, fostering resilience, moral strength and cohesion within the military community. By providing an enabling environment for religious practice, the Kenya Defence Forces (KDF) continues to nurture the spiritual needs of service personnel and their families, recognising the importance of faith in sustaining personal well-being and commitment to duty. This focus on holistic personnel welfare was underscored during the foundation-laying ceremony for the Lieutenant Colonel Kimaro Estate Mosque, presided over by the Commander Kenya Navy Fleet, Brigadier Mohamed Shemote.…

The Nigerian Army Chief of Staff is visiting troops stationed in the northeast of the country, a few days after jihadists killed fifteen soldiers in the region.

Young digital creators from across the North Rift converged in Iten, Elgeyo Marakwet County, for The Creator Journey, a transformative initiative designed to equip creators with the skills, networks and opportunities needed to thrive in Kenya's rapidly growing digital economy. Held under the theme "Create. Learn. Earn.", the event brought together aspiring and established creators, industry experts, government representatives, regulators, mobile network operators and digital platforms for a day of learning, collaboration and engagement on the future of the creator economy.…

Discipline, professional excellence and effective leadership remain the bedrock of a capable, cohesive and mission-ready military force. These values shape the character of service members, strengthen operational effectiveness and sustain the Kenya Defence Forces’ (KDF) capacity to respond decisively to evolving security challenges. The Defence Forces Sergeant Major (DFSM), Warrant Officer Class One (WO1) Bwana Haji Omar, recently reinforced these principles during a series of engagements with service members at the Kenya Naval Training College and 15 Kenya Rifles in Mariakani respectively.…

Evolving regional security dynamics and emerging transnational threats continue to underscore the importance of collective security, enhanced interoperability and coordinated responses among East African Community (EAC) Partner States. In a demonstration of this commitment, delegates from EAC Partner States convened in Kisumu for a week-long Initial Planning Conference (IPC) and Main Planning Conference (MPC) for Ushirikiano Imara 2027 multinational and multisectoral Field Training Exercise (FTX), scheduled for March 2027. The conferences focused on strengthening joint operational preparedness and harmonising plans for the forthcoming regional exercise.…

Sudanese miners injured in a deadly airstrike along the border with Egypt last week have been describing how the incident unfolded.