African business news summarised in English: companies, finance, energy, agriculture, trade and infrastructure, from the local press. 427 articles published.
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Congolese President Denis Sassou-N’Guesso received Yvon Sana Bangui, governor of the Bank of Central African States, in Brazzaville on 9 October 2026 to examine the CEMAC economic and financial situation. Discussions focused on measures needed to preserve subregional financial stability, according to Journaldebrazza.
Source: Journaldebrazza
An in-calf Ankole cow was sold for 6.4 million rand at an auction near Bela-Bela, a South African record for a female bovine. The transaction reflects the growing value of animal genetics in livestock farming, according to Veilingswinkel chief JP Smith, quoted by Weekendpost.
Source: Weekendpost
The International Monetary Fund forecasts 4.4% growth for Angola in 2026, after 3.1% in 2025, while inflation is expected to fall to 10.6%. The economies of Cape Verde, Guinea-Bissau and Mozambique are also expected to follow distinct trajectories, according to IMF projections.
Source: Expresso das Ilhas
Cape Verde is asking the World Bank to take small island states’ vulnerabilities into account, rather than per-capita income alone, when determining access to its financing. The country’s new classification as an upper-middle-income economy could limit some grants and preferential loans, according to Secretary of State Maria José Lopes, quoted by Lusa.
Source: Expresso das Ilhas
Retailer Choppies Enterprises increased its retail sales by 7.9% to 9.82 billion pula in the financial year ended 30 June 2026. The group also opened 27 stores, bringing its network to 314 outlets in three countries, and says it fully repaid a consortium debt in January, according to its results.
Source: Weekendpost
South African banking group Absa has appointed Thunes as its strategic multi-currency clearing partner, expanding cooperation launched with Absa Global Pay. The alliance is intended to facilitate cross-border payments in Africa by connecting Absa’s banking network with Thunes’ international infrastructure, according to the two companies’ announcement.
Source: Weekendpost
Angola and Portugal want to deepen economic cooperation, training and priority sectors under the next Strategic Cooperation Programme for 2027-2031. The current programme has already mobilised €70 million in implementation and €187 million in credit, according to Mercado.
Source: Mercado
Nigerien Prime Minister Mahaman Ali Lamine Zeine chairs a committee tasked with securing fuel supplies and clearing debts between the state and oil industry players within three months. The body is also expected to raise output at the Zinder refinery from 15,000 to 20,000 barrels a day, according to Tamtaminfo.
Source: Tamtaminfo
The Centre for CSR, West Africa, has partnered with organisers of the Climate x Culture Summit 2026 to promote sustainable practices in Ghana’s creative and cultural industries. The event is scheduled for 22 October at the Google Artificial Intelligence Community Centre in Accra, according to Thecalabashnewspaper.
Source: Thecalabashnewspaper
The ELMED Tunisia-Italy power line project has secured more than 1,355.7 million euros in funding for a 49-kilometre link in Tunisia. The Tunisian Electricity and Gas Company is overseeing the project, whose resettlement plan was reviewed in Zaghouan, according to Lapresse.
Source: Lapresse
Zambian Information Minister Shadric Namalomba acknowledges that $13.9 million intended for a Blantyre Water Board project was used to buy maize in Zambia. He says the World Bank approved the use of the funds, in a written response cited by Mwnation.
Source: Mwnation
The Economic and Monetary Community of Central Africa has decided to withdraw from circulation coins issued in 1958, 1959, 1972, 1976 and 1985. The measure will take effect on 1 November, following a decision by the Central African Monetary Union’s ministerial committee in N’Djamena, Ahora EG reports.
Source: Ahora EG
Oil prices fell slightly in Europe, to around $104 a barrel for Brent and $91 for WTI, after the announcement of an energy truce between Russia and Ukraine. The decline offset the escalation in the Middle East and risks to supplies, according to Theghanareport.
Source: Theghanareport
The International Monetary Fund warns of a possible correction in artificial intelligence-related assets, a sharp rise in bond yields or a major cyberattack. These shocks could become systemic if they amplify existing financial market vulnerabilities, according to its Global Financial Stability Report, cited by Club of Mozambique.
Source: Club of Mozambique
Gabon’s Transport Minister, Ulrich Manfombi Manfombi, visited Sécuriport’s facilities at Léon-Mba International Airport in Libreville. The visit comes as deployment of the API-PNR system, designed to process passenger data, is being accelerated, reports Gabonactu.
Source: Gabonactu
City Power disconnected illegal electricity connections in Kanana and Klipfontein, in Midrand, and recovered cables and two transformers valued at 2.5 million rand. The operation aimed to restore network security and was conducted with the South African police and Johannesburg municipal police, reports IOL.
Source: IOL
The governor of the Central Bank of Congo, André Wameso Nkualoloki, presented in Kolwezi the main points of a reform aimed at better repatriating mining revenues, strengthening the use of the Congolese franc and financing the national economy. The conference brought together companies, banks and mining stakeholders, according to Actualité.cd.
Source: Actualité.cd
In Uganda, the late or insufficient arrival of rains is threatening harvests and smallholder incomes, particularly in Bukaye, in Bugiri district. The government is preparing to expand solar irrigation infrastructure, whose effectiveness will depend on access to water and the cost of equipment, reports The Independent.
Source: The Independent
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