African markets and business updates
Latest headlines from African markets, companies, and business sources.
West African Resources Maintains 15-Ton Gold Guidance Despite Burkina Faso Explosives Shortage
West African Resources Maintains 15-Ton Gold Guidance Despite Burkina Faso Explosives Shortage
West African Resources (WAF) produced a record 127,950 ounces, or approximately 4 tonnes, of gold in the third quarter of 2026 across its Kiaka and Sanbrado mines in Burkina Faso. Year-to-date production reached 11.2 tonnes, exceeding full-year 2025 output by 20%. Explosives shortages continue ...
DR Congo's Sovereign Fund Signs Deal to Back $300 Million Zambia Power Link
DR Congo's Sovereign Fund Signs Deal to Back $300 Million Zambia Power Link
The Democratic Republic of Congo's Strategic Investment Fund (FIS-RDC) has signed an agreement with Enterprise Power DRC, Trafigura and Gridworks Development Partners to co-finance a $300 million cross-border power transmission project. The project will combine equity and debt financing, with Gridworks expected to become the ...
DRC Gold Trading Partners With Equity BCDC to Bring Gold Transactions Into Banking System
DRC Gold Trading Partners With Equity BCDC to Bring Gold Transactions Into Banking System
State-owned DRC Gold Trading opened an Equity BCDC banking counter in Kindu, Maniema province, on October 5, 2026, to facilitate financial transactions in the artisanal gold sector and reduce reliance on cash. The initiative builds on previous partnerships with Rawbank and CADECO as DRC ...
Africa Taps Less Than 1% of Continental Wind Energy Potential, (GWEC)
Africa Taps Less Than 1% of Continental Wind Energy Potential, (GWEC)
Africa had 11.1 GW of installed onshore wind capacity at the end of 2025, representing just 0.02% of its estimated technical potential of 58,400 GW, according to the Global Wind Energy Council (GWEC). The continent has 259 planned wind projects totaling 186 GW, nearly 17 times ...
WHO Favors Lifestyle Changes Over Drugs to Tackle Childhood Obesity Amid Market Boom
WHO Favors Lifestyle Changes Over Drugs to Tackle Childhood Obesity Amid Market Boom
About 400 million people aged 5 to 19 lived with overweight in 2024, including 170 million with obesity, according to the World Health Organization (WHO). The WHO prioritizes tailored diets, physical activity and behavioral support, reserving weight-loss medication for selected adolescents who do not respond to ...
Namibia: Ambassador Zhao Weiping Attends the 10th Anniversary Celebration of the Chairman Mao Zedong High School and Delivers Remarks
Namibia: Ambassador Zhao Weiping Attends the 10th Anniversary Celebration of the Chairman Mao Zedong High School and Delivers Remarks
On September 24, Ambassador Zhao Weiping attended the 10th anniversary celebration of the Chairman Mao Zedong High School in Windhoek. Mr. Knox Imbuwa, Deputy Executive Director of the Ministry of Education, Innovation, Youth, Sport, Arts and Culture of Namibia, Dr. Elia Kaiyamo, former Namibian Ambassador to China, and other guests attended the event. In his remarks, Ambassador Zhao said that Chairman Mao Zedong High School is an important China-aided project in Namibia and a vivid embodiment of the friendship between China and Namibia. Education has always been an important area of cooperation between the two countries.…
Godoria, a Green Sanctuary in the Heart of Djibouti’s Desert
Godoria, a Green Sanctuary in the Heart of Djibouti’s Desert
Godoria, at Djibouti’s northeastern tip overlooking the strategic Bab el-Mandeb Strait, is home to the country’s largest mangrove forest. Its lush vegetation contrasts sharply with the volcanic landscapes and arid plains for which Djibouti is known. Recently designated a biosphere reserve ...
Seychelles: 47 Years of Dedication – Honouring the Teachers Who Shaped Generations
Seychelles: 47 Years of Dedication – Honouring the Teachers Who Shaped Generations
The Teachers’ Awards Ceremony was held this afternoon, bringing together educators from schools across Mahé, Praslin and La Digue to recognise and celebrate their dedication, commitment and years of service to the teaching profession. The ceremony was graced by the presence of the President of the Republic, Dr Patrick Herminie, accompanied by Vice President Mr Sébastien Pillay, Minister for Education and Human Resource Development Mr David Pierre, and other Cabinet Ministers. Now in its 36th edition, the ceremony provides an opportunity to honour teachers who have dedicated many years to educating, guiding and inspiring generations of Seychellois students.…
Futurepharma Strengthens South Africa’s Capacity to Develop and Manufacture Essential Medicines
Futurepharma Strengthens South Africa’s Capacity to Develop and Manufacture Essential Medicines
The launch of the Council for Scientific and Industrial Research’s (CSIR) FuturePHARMA facility in Pretoria strengthens South Africa’s capacity to develop and manufacture essential pharmaceutical products locally, helping address the vulnerability exposed by dependence on international supply chains during the COVID-19 pandemic. The Chairperson of the Portfolio Committee on Science, Technology and Innovation, Ms Lusizo Makhubela, attended the official launch today and said facilities such as FuturePHARMA demonstrate why sustained investment in science, technology and innovation matters.…
South African (SA) Delegation Calls for Binding International Rules to Govern Military Use of Artificial Intelligence (AI)
South African (SA) Delegation Calls for Binding International Rules to Govern Military Use of Artificial Intelligence (AI)
The South African delegation to the 153rd Inter-Parliamentary Union (IPU) Assembly on Monday called for a legally binding international instrument to regulate the military use of artificial intelligence (AI). The delegation called for clear safeguards to ensure that AI-enabled systems do not operate beyond meaningful human control during discussions of the Standing Committee on Peace and International Security at the Assembly, currently underway in Arusha, Tanzania. A member of the parliamentary delegation, Ms Doris Mpapane, participated in a panel discussion on the role of parliaments in upholding peace in a time of military AI.…