African markets and business updates

Côte d’Ivoire’s planned Boundiali gold mine is expected to create 4,200 direct and indirect jobs during construction and another 2,200 once production begins. The mine is expected to produce 1.5 million ounces of gold over 11 years, starting in 2028, but the share of ...

With participation confirmed from 24 African countries and 45 countries globally, CMAS 2026 will bring together more than 100 speakers, over 50 investors, buyers and financiers, 20 African governments and more than 40 project developers in Kigali from 13 to 15 October. The diversity of participation reflects growing engagement with African carbon markets from governments, project developers, financiers and credit buyers. The international presence will bring African policymakers and projects into direct contact with organisations active across carbon markets globally.…

French geophysical company Viridien signed an agreement with Morocco’s ONHYM to improve geological data and help attract oil and gas exploration investment. The partnership will focus on Morocco’s underexplored onshore and offshore basins, but no investment amount, survey area or timeline has been disclosed.

President John Mahama will begin a two-day working visit to the Ahafo Region on Friday. During the visit, dubbed the “Resetting Ghana Tour,” the President will inspect ongoing projects, receive status briefings, and engage the region’s people in Goaso on key policy interventions designed to drive local economic growth. Key stops on his itinerary include a poultry, meat, and feed processing facility in Bechem, Tano South Municipality; the Tepa–Goaso Road project, being executed under the Big Push Programme; and the Ntontroso Bridge connecting Acherensua, one of the region’s primary food baskets.…

Congo and Mozambique signed a hydrocarbons cooperation agreement during President Daniel Chapo's visit to Brazzaville. Congo aims to increase oil output to 500,000 barrels per day, while Mozambique expects up to $60 billion in gas investments. Bilateral trade totaled just $20 million in 2024, highlighting the limited scale of ...

Cocobod raised $288 million through domestic securities to finance cocoa purchases from farmers. The issue marks the first phase of a $1.4 billion program to fund purchases and restructure existing debt. The new financing model follows difficulties with international bank loans and trader advances. Ghana's cocoa regulator, ...

Across Africa's creative economy, the challenge is no longer simply generating value, but keeping responsibility connected as that value moves. Collen Dlamini argues that growth will mean little unless institutions stay connected to creators and the value their work generates.

Africa does not lack ideas. It lacks the institutional machinery that turns them into industries. Closing that gap is the continent's most consequential industrial challenge, writes Khalil Suleiman Halilu, Executive Vice Chairman and CEO, National Agency for Science and Engineering Infrastructure (NASENI), Nigeria. Africa accounts for less than 2% of global manufacturing output. We hold 20% of the world's land and 18% of its people. The gap between those numbers is the defining economic fact of our continent and even after decades of policy attention, it has barely moved.…

The potential of asset recycling lies not simply in raising capital today, but in creating a cycle in which the value of existing infrastructure helps finance the next generation of assets, writes Dianna Games.

As Somalia rebuilds its institutions, strengthens its economy and reconnects with regional and international markets, the Central Bank of Somalia is emerging as a critical institution in that transformation. Under Governor Abdullahi the Bank has strengthened governance, and banking supervisory oversight; modernised the country's payment infrastructure; brought mobile money, insurance and microfinance institutions under its regulatory purview; and expanded its role in supporting financial inclusion and economic development.