African business news summarised in English: companies, finance, energy, agriculture, trade and infrastructure, from the local press. 437 articles published.
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Nigeria’s Finance Minister, Taiwo Oyedele, says economic reforms must be accompanied by social measures to protect vulnerable people. The federal cash transfer programme has reached more than 10 million households and education assistance more than 1.5 million students, according to a statement from the Ministry of Finance.
Source: Punch
Equatorial Guinea asked the World Bank for more concrete cooperation to address employment and African development challenges. At the meeting in Washington, Ajay Banga defended $119 billion in financing and several continental programmes, according to Realequatorialguinea.
Source: Realequatorialguinea
The Ghana Grid Company has restored electricity to several parts of Accra after a transformer caught fire at the Mallam substation. Technical teams are continuing work to reconnect the remaining areas and replace the damaged equipment, according to a company statement published on 14 October 2026.
Source: Theghanareport
Economy and Finance Minister Gareth Guadalupe has announced a further delay to the oil tanker’s arrival, now expected next week after loading in Lomé and Cotonou. The fuel it is carrying is intended to meet national needs for several months and prevent further shortages, Telanon reports.
Source: Telanon
Eko Power says it is the licensed electricity distributor for southern Lagos State, under the local regulatory commission. The company says the transfer of oversight of the retail market to the commission was completed in June 2025, following reforms to Nigeria’s electricity framework, according to Daily Post.
Source: Daily Post
Algerian President Abdelmadjid Tebboune has promised the manufacture of an Algerian car by the end of 2028, with a gearbox and tyres produced locally. The project forms part of the aim of reaching 30% industrial integration, after Fiat’s establishment and the planned production of the Grande Panda, according to TSA.
Source: TSA
Aliko Dangote plans to give priority to investors subscribing for 50,000 naira or less in the initial public offering of his Nigerian refinery. The measure aims to broaden national share ownership before the share sale, announced during a stop on the tour in Port Harcourt, according to Punch.
Source: Punch
Chinese carmaker Geely presented five vehicles at the 2026 Paris Motor Show, including the Project KO11, a plug-in hybrid off-road SUV unveiled in a world premiere, and the Monjaro EM-i. European sales of the Project KO11 are scheduled for the end of 2027, according to Businessnews.
Source: Businessnews
Libyan Deputy Finance Minister Abu Bakr Al-Jafal outlined the Tripoli government’s economic priorities at a meeting in Bangkok. They include economic stability, better resource management, subsidy reform and revenue diversification, according to Libya Herald.
Source: Libya Herald
Arsenal Football Club plans to cut about 60 positions across several departments to reduce costs, despite record revenue of £691 million in 2024-2025. The consultation process could still change the number of redundancies, reports sports outlet The Athletic.
Source: Punch
The Nigerian Senate has called for the urgent rehabilitation of the federal road linking Onitsha, Ogbaru and Ndoni, between Anambra and Rivers states. Around 70 kilometres long, the badly deteriorated infrastructure now extends journeys to almost two hours and is hurting commercial activity, according to Senator Tony Nwoye.
Source: Daily Post
Djibouti’s Labour Minister, Yonis Ali Guedi, discussed investment projects in artificial intelligence and computing infrastructure with LinkWise. Construction could mobilise around 2,000 local jobs, while operations are expected to create 500 to 700 jobs progressively, according to the Djibouti News Agency.
Source: Adi
A Senegalese workshop brought together stakeholders in organic fertilisers to structure the sector and increase production of biofertilisers from biodigesters. Doudou Diouf, of the Directorate of Hydrocarbons, believes these inputs could reduce reliance on chemical fertilisers, according to Seneweb.
Source: Seneweb
Ugandan Finance Minister Henry Musasizi has urged his counterparts to maintain investment to strengthen climate resilience despite pressure from the global energy crisis. He was speaking in Bangkok at a meeting of 103 finance ministries, on the sidelines of the annual meetings of the World Bank and International Monetary Fund, according to Nile Post.
Source: Nile Post
Ghana’s foreign affairs minister wants to submit a special fee for mobile passport application centres to Parliament. The government plans to include their development in the 2027 budget and make them a permanent service, according to 3news.
Source: 3news
Algeria’s state grain agency is believed to have bought between 660,000 and 720,000 tonnes of milling wheat at about $326 a tonne, including freight. Volumes and prices remain provisional, while deliveries are expected in December, according to European traders cited by Reuters.
Source: Echorouk
Guinea-Bissau’s Directorate of Social Protection, Solidarity and Family will pay the fifth 2026 instalment of the Vulnerable Family Programme to beneficiaries who already have a card. Payment is scheduled for 19 to 23 October, according to the DPSSF announcement carried by Rstp.
Source: Rstp
Dakar Mayor Abass Fall inspected several roadworks and urban development projects in the communes of Grand Dakar, Biscuiterie, Fass, Gueule Tapée and Colobane. He praised the progress of the work, discussed local employment and criticised sanitation-related problems, according to Seneweb.
Source: Seneweb
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