African business news summarised in English: companies, finance, energy, agriculture, trade and infrastructure, from the local press. 517 articles published.
Updated around the clock from 400+ African and international news outlets in 54 countries. Every article names its source. Our method
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
The Forum of the Justiciable has called on the IMF and the World Bank to provide funding that is more accessible and better suited to the needs of African economies. At the annual meetings in Bangkok, the Senegalese organisation also called for development policies to take greater account of local priorities, according to its statement.
Source: Seneweb
Ubombo Sugar, a sugar producer based in Eswatini, has been named the group’s Business of the Year for 2025-2026 for the second consecutive year. Its managing director, Muzi Siyaya, praised employees’ performance despite operational difficulties, the Times of Eswatini reports.
Source: Times of Eswatini
Economist Jean Ndenzako says local processing of Burundian raw materials is possible at some stages, but constrained by a lack of reliable energy, the country’s landlocked position and the small market. He notes that raw materials account for 89.5% of merchandise exports and mining represented 3.8% of GDP in 2025, according to UNCTAD and World Bank data cited in Iwacu’s interview.
Source: Iwacu Burundi
Sierra Leone’s Railways Development and Regulatory Authority has submitted its 2026-2030 strategic plan for review by stakeholders. The draft proposes restoring the rail network, regulating cable cars and planning 14 corridors covering about 1,900 kilometres, according to Sierraloaded.
Source: Sierraloaded
Guinea’s Minister of Economy, Finance and Budget, Mariama Ciré Sylla, took part on 14 October 2026 in discussions between the African Governors’ Caucus and World Bank President Ajay Banga. The talks focused on financing African economies, SMEs’ access to capital and mobilising domestic resources, Africaguinée reports.
Source: Africaguinée
Ethiopia is calling for improvements to the Common Framework for sovereign debt restructuring, with clearer timelines and better creditor coordination. National Bank of Ethiopia Governor Eyob Tekalign presented these proposals at an international meeting in Bangkok, Fanamc reports.
Source: Fanamc
The 26th African Savings and Credit Co-operatives Congress is bringing together more than 1,200 participants from about 28 countries in Tanzania from 11 to 16 October 2026. Its organiser, Hassani Mnyone, believes the event can boost local businesses and strengthen the country's appeal for conferences and tourism, reports the Daily News.
Source: Daily News
A generator failure could lead to scheduled power cuts in Porto Novo, on the Cape Verdean island of Santo Antão, between 18:00 and 22:00. State-owned EDEC announced the possible interruptions during repairs, after heavy rain damaged the local power plant, reports Expresso das Ilhas.
Source: Expresso das Ilhas
Ghana will apply value added tax collection to mobile payments and other digital means used to pay for foreign services such as Netflix or Spotify. The system will automatically separate the tax portion from the amount paid to the provider, according to Anthony Kwasi Sarpong, cited by TheGhanaReport.
Source: Theghanareport
Renegotiation of the Letšeng concession raised royalties on diamond sales from 8% to 10% in 2019, alongside a ten-year extension, renewable once. The agreement also addressed governance, shareholders’ rights and local company participation, Congo B reports.
Source: Congo B
At 36, Nigerian Ruby Edet closed her real estate marketing company after more than 15 years in business to begin nursing studies in Germany. With a university degree and two master’s degrees, she describes the career change as a deliberate fresh start, according to Tuko.
Source: Tuko
Layer3 has raised 1.5 billion naira through a commercial paper issuance to strengthen its digital infrastructure in Nigeria. The company wants to increase its cloud computing, connectivity and technology management capabilities to support businesses and financial institutions, reports Businessday.
Source: Businessday
Kenya’s Wajir County has a youth unemployment rate of 35%, the highest in the country. This is nearly four times higher than the 9% recorded in Nandi and Nyeri, while Turkana, Marsabit, Mandera and Samburu also exceed 30%, according to the 2026 County Development Index.
Source: Business Daily
Looking for older stories? The archive, day by day →