African markets and business updates

Latest headlines from African markets, companies, and business sources.

The government of Kenya joins hands with United Nations High Commissioner for Refugees (UNHCR) to improve Learning for refugee children in all the Camps

Africa Energy Chamber · 18 Oct 2026 · 13:44

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 Faces Fuel Subsidy Bill of Over Twice Its 2026 Budget Estimate as Oil Prices Rise

Ecofin Agency · 18 Oct 2026 · 13:38

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 ...

Oryx Energies Can Use Its Assets to Back Shareholders' Debts After Management Buyout

Ecofin Agency · 18 Oct 2026 · 13:22

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 ...

Kenya Defence Forces (KDF) Strengthens Spiritual Welfare and Religious Inclusivity at Karare Barracks

Africa Energy Chamber · 18 Oct 2026 · 10:35

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.…

A Foundation of Faith, Unity and Spiritual Well-Being in the Kenya Defence Forces (KDF)

Africa Energy Chamber · 18 Oct 2026 · 09:50

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.…

Kenya: The Creator Journey Kicks Off in Iten, Elgeyo Marakwet County

Africa Energy Chamber · 18 Oct 2026 · 08:40

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.…

Kenya: Instilling Discipline, Forging Leaders and Strengthening Mission Readiness

Africa Energy Chamber · 18 Oct 2026 · 08:28

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.…

East African Community (EAC) Delegates Meet in Kisumu to Plan for Ushirikiano Imara 2027

Africa Energy Chamber · 18 Oct 2026 · 08:17

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.…

Kenya Defence Forces (KDF) Advances Veterans’ Welfare Through Strategic Policy Reforms

Africa Energy Chamber · 17 Oct 2026 · 17:01

The Kenya Defence Forces (KDF) is advancing efforts to strengthen the welfare, dignity and economic empowerment of military veterans through the development of a comprehensive policy framework aimed at improving access to benefits, essential services and post-service support. A committee tasked with developing the Military Veterans Policy, led by the Chief of Compensation and Welfare at Defence Headquarters, Brigadier Rhodah Mwasigwa, paid a courtesy call on the Commander Kenya Navy, Major General Paul Otieno, at Kenya Navy Headquarters to seek his strategic guidance and input on the draft policy. The initiative builds on the enactment of the Military Veterans Act No.…

Beyond the Uniform: Kenya Defence Forces (KDF) Day Brings Hope to Vulnerable Learners

Africa Energy Chamber · 17 Oct 2026 · 16:22

The Kenya Defence Forces (KDF) continues to strengthen its bond with local communities through compassionate outreach initiatives that inspire hope, promote social inclusion and reinforce the enduring relationship between the military and the people it serves. As part of KDF Day commemorations, personnel from 88 Artillery Battalion and the School of Artillery at Kampi ya Chumvi visited Wazo Huru Primary School, also known as Idéal Libre (Free Mind), in a gesture of solidarity and support for vulnerable learners.…