African business news summarised in English: companies, finance, energy, agriculture, trade and infrastructure, from the local press. 519 articles published.
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Maputo’s Administrative Court has suspended the award of a $37 million contract to modernise the Machipanda border post. The Mozambican government says, however, that the tender has not been cancelled, following a challenge by competing bidder Safaga International Management, O País reports.
Source: Club of Mozambique
A survey of 67 Malgasy communes shows that their own revenue would cover only 34.7% of their actual needs. This dependence on state subsidies weakens funding for local responsibilities, an issue discussed at a Konstitution’naka conference, according to Lexpress.
Source: Lexpress
All roads on Mauritius were passable and clear after the curfew was lifted at 5am on 15 October. Police said professional activities could resume normally and thanked the public for its cooperation in a statement.
Source: Defimedia
Eswatini’s financial regulator has identified serious shortcomings in the management of the Fairlife Beneficiary Fund, which administers 20 pension funds and related schemes. Its 80% funding ratio, lack of monthly bank reconciliations and absence of a recovery plan are weakening benefits for thousands of beneficiaries, according to the regulator’s investigation submitted to a court file.
Source: Times of Eswatini
Nigeria has attracted more than $380 million in financial commitments to develop industry and its value chains, according to Minister John Enoh. Nigerian engineers are calling for stronger cooperation to improve electricity supply and accelerate the energy transition, Punch reports.
Source: Punch
Ivory Coast is extending to shea the regulatory framework for the cotton and cashew sectors, announced Mamadou Berté, director-general of the Cotton, Cashew and Shea Council. The reform is intended to professionalise the sector and strengthen local processing to increase its economic value, at the first National Shea Exhibition, according to AIP.
Source: Aip
Algeria’s 2027 Finance Bill provides for a levy of 500 dinars per cubic metre on the use and exploitation of Saharan sand. The measure, which would apply in particular to 17 southern wilayas, must still be examined and adopted by Parliament, Algérie 360 reports.
Source: Algérie 360
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
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