African markets and business updates

Egypt's refining, petrochemicals, ports, pipelines and LNG infrastructure could provide a platform for greater African cooperation.

Quality seeds and planting methods can boost productivity, nutrition, climate resilience and improve rural livelihoods. Africa's agricultural transformation will not be secured by breakthroughs in breeding programmes alone. It will be secured when a farmer, whether in a remote village, a fragile region or a growing commercial hub, can obtain the right quality seed, at the right time, at an affordable price. Quality seeds and planting material are the starting point for higher productivity, better nutrition, stronger climate resilience and improved rural livelihoods.…

Platinum Credit Uganda this week listed its Medium Term Notes on the Uganda Securities Exchange (USE), after investors bid for almost two and a half times the amount on offer in the first tranche. Download document : The first tranche of the private placement, with a base quantum of UGX 20 billion with a greenshoe option of UGX 10 billion, closed at a subscription rate of 246%, with investors applying for more than UGX 49 billion. Given the strong demand, Platinum Credit exercised the greenshoe option, and UGX 30 billion of notes was accepted. The tranche is the first issuance under a UGX 70 billion Medium Term Note programme approved by the Capital Markets Authority (CMA).…

Global oil inventories have fallen sharply since the start of the U.S.-Israeli war against Iran. Saudi Aramco estimates that no more than 10% of existing stocks is readily available to cushion further supply disruptions. With inventories running low, global oil markets are increasingly dependent ...

The DRC launched a nationwide geological mapping program on October 5, funded by FOMIN, to improve knowledge of its mineral resources and support future mining development. Established in 2018, FOMIN collected about $857 million between 2020 and mid-2025 and allocated roughly $441 million to 11 projects and programs, ...

Kenyan banks are attracting interest from Nigerian, South African and other international groups keen to build their East Africa footprint.

The Republic of the Congo's only oil refinery has entered preliminary engineering for its modernization and expansion, four years after the project was announced. CORAF currently meets about 60% of the country's fuel needs. The planned expansion aims to raise that share to 85%, but securing ...

President Cyril Ramaphosa has this afternoon met with His Excellency Salva Kiir Mayardit, President of the Republic of South Sudan, in Pretoria, South Africa. President Salva Kiir Mayardit is in South Africa on a working visit. During their discussions, President Ramaphosa emphasised the importance of full adherence to the Revitalised Agreement on the Resolution of the Conflict in the Republic of South Sudan (R ARCSS), as a means to advance the peace process and consolidate progress towards lasting peace and stability in South Sudan.…

The U.S. Consulate General in Lagos on October 6 celebrated a key milestone in the construction of the New Consulate Compound at Eko Atlantic City with a Topping Off Ceremony that marked the completion of the highest structural point of the building. The New Consulate Compound stands as a tangible expression of the importance the United States places on its relationship with Nigeria. This building is also making a significant contribution by infusing over $95 million into the local economy through employees, subcontractors, and suppliers across Lagos State and Nigeria.…

Today in the Korean capital Seoul, President Abdel Fattah El-Sisi participated in a roundtable meeting with the Chief Executive Officers of major companies and representatives of the business community in the Republic of Korea. The meeting was held on the sidelines of the President’s state visit to the Republic of Korea. Spokesman for the Presidency Ambassador Mohamed El-Shennawy said twenty-three leading Korean companies took part in the meeting, during which President El-Sisi lauded the firm economic and investment partnership between the Arab Republic of Egypt and the Republic of Korea.…