African business news summarised in English: companies, finance, energy, agriculture, trade and infrastructure, from the local press. 427 articles published.
Updated around the clock from 400+ African and international news outlets in 54 countries. Every article names its source. Our method
Namibia’s student financial assistance fund recovered only 21.5 million Namibian dollars from loans estimated at 11.7 billion during the 2024-2025 financial year. The audit also criticised inadequate monitoring of debtors and poor verification of information, according to Namibia’s Auditor-General, cited by Observer24.
Source: Observer24
Traditional rulers in Wukari and Ibi, in Nigeria’s Taraba State, support a GAS360 initiative to equip 150,000 households with gas-cooking solutions. The programme is intended to reduce the use of firewood and charcoal, improve health and create local economic activity, Leadership reports.
Source: Leadership
Luanshya Municipal Council in Zambia has given vendors operating on roads and pavements until 18 October 2026 to move to designated markets. Those who fail to comply face enforcement measures under the law, according to a notice cited by Diggers.
Source: Diggers
Kenya’s Treasury Cabinet Secretary, John Mbadi, discussed the stalled loan programme with officials from the International Monetary Fund and World Bank. An IMF mission is due in Nairobi in early December 2026 to examine Kenya’s macroeconomic outlook and reforms, reports Tuko.
Source: Tuko
TransNamib, Namibia’s railway company, will buy 15 new locomotives and have 17 existing machines refurbished locally. The scheme is intended to reduce delays, promote skills transfer and support employment, with acquisitions handled by Namibia’s Central Procurement Board, according to the Ministry of Works and Transport cited by the Windhoek Observer.
Source: Observer24
Nigeria’s Dangote refinery has extended the subscription period for its initial public offering until 27 October, with the amount potentially reaching $2.1 billion. The operation targets up to 10 million retail investors in Nigeria and other African countries, according to Reuters.
Source: Club of Mozambique
Metro Express services remained suspended in Mauritius on 13 October 2026 as Metro Express Ltd technicians inspected the network. The company said it had mobilised its teams to allow services to resume when safety conditions are met, according to its statement cited by Defimedia.
Source: Defimedia
Mauritius welcomed 1,042,241 visitors from January to September 2026, including 114,506 in September, 9.6% more than a year earlier. Tourism receipts reached 74.57 billion rupees between January and August, up 18.3%, according to figures cited by Minister Richard Duval and the Bank of Mauritius.
Source: Ionnews
Eswatini’s Senate has approved a 25% increase in short-distance bus and taxi fares, despite concerns about the impact on passengers. Senators are calling on the government to create a sustainable mechanism to prevent further increases linked to international fuel prices, the Times of Eswatini reports.
Source: Times of Eswatini
Credit to Eswatini’s private sector fell by 1.4% in August 2026 to 23.5 billion emalangeni, driven by a 4.8% decline in loans to businesses. It nevertheless remained 10.5% above its August 2025 level, according to the Central Bank of Eswatini.
Source: Times of Eswatini
Rwanda has ratified air services agreements with the United Kingdom and eight other countries, covering scheduled passenger and cargo flights. Approved by Parliament and then ratified by President Paul Kagame, the agreements formalise the framework for routes already operating between Kigali and London, according to Ktpress.
Source: Ktpress
European Union gas reserves stood at 73.61% of capacity, or 831.86 terawatt hours, on 12 October 2026, according to Gas Infrastructure Europe. Analysts cited by Reuters forecast stocks at 75% to 78% full at the beginning of November, below the five-year average, while benchmark prices had risen by more than 150% since the start of the year.
Source: Beninwebtv
Burkina Faso’s Economy and Finance Minister Aboubakar Nacanabo presented the country’s economic ambitions, including average annual growth of 7.2% and a reduction in poverty from 43.2% to 35% by 2030. The RELANCE Plan 2026–2030, valued at CFA francs 36.19 trillion and adopted in January 2026, is to be financed two-thirds by sovereign resources, according to the minister during the Dialogue with the people in Ouagadougou.
Source: La Nouvelle Tribune
The cost of a supertanker travelling from the Gulf of Mexico to Asia exceeded 80 million dollars in October, compared with 10 to 15 million dollars at the start of the year. The surge is blocking exports of US heavy crude and pushing down several oil grades, according to Argus Media.
Source: Beninwebtv
Algeria plans 2,414.15 billion dinars, or about $18.5 billion, in transfers to individuals in 2027. The draft budget presented by Finance Minister Mohammed Lamine Lebbou allocates 717.7 billion dinars to subsidies for widely consumed goods, subject to the bill’s adoption.
Source: Algérie 360
The Gambia Tourism Board has warned against unauthorised land sales in the Tourism Development Area between Kotu and Kartong. It reminded the public that the state-owned land is managed by the board and that buyers must check its status directly before making any payment or starting a project, according to Gambiana.
Source: Gambiana
The draft 2027 state budget provides 2,607.39 billion CFA francs for ministries and institutions, a 10.8% increase on the 2026 supplementary finance law. The Ministry of Living Environment and Transport receives the largest allocation, according to 24haubenin.
Source: 24haubenin
Russia says it has sold $320.7 billion worth of energy to the European Union since 2022, including $21.3 billion in the first nine months of 2026. The figures, cited by Deputy Prime Minister Alexander Novak, have not been independently confirmed, while Europe’s reliance on Russian gas and oil has fallen sharply.
Source: Beninwebtv
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