African business news summarised in English: companies, finance, energy, agriculture, trade and infrastructure, from the local press. 746 articles published.
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Congolese Finance Minister Christian Yoka discussed funding for new development projects in Congo with the Kuwait Fund for Arab Economic Development in Bangkok. The talks also covered the assessment of projects already supported by the institution, according to Journaldebrazza.
Source: Journaldebrazza
The Manantali and Félou Operating Company plans to release water into the Senegal River when the Manantali reservoir reaches 208.05 metres IGN. The possible rise in the river level poses risks to people living along its banks, according to Studio Tamani, which relays the operator’s call for caution.
Source: Studio Tamani
Mining company Prospect Lithium, which has exported lithium sulphate since April 2026, is preparing to produce lithium carbonate in Zimbabwe. The company wants to broaden its product range, said its public relations manager, Patience Mushore-Chizodza, reports Zimbabwe Independent.
Source: Zimbabwe Independent
Acute multidimensional poverty affects at least 1.2 billion people worldwide, according to a United Nations study. Mozambique, Guinea-Bissau and Angola are the most affected Portuguese-speaking countries, and 38.8% of Mozambique’s population is affected, according to the UN’s Global Multidimensional Poverty Index.
Source: Club of Mozambique
Ragasel S.A., Gabon’s only salt refinery, is facing a financial crisis and has lost nearly 1 billion CFA francs. A general meeting will examine its future in Libreville, with possible early dissolution, according to Ecomatin.
Source: Ecomatin
Malian Agriculture Minister Ibrahima Samaké received a delegation from the Amie de la Terre Cooperative on 12 October 2026, made up of Malians living in the Republic of the Congo. The meeting aims to structure investment and expertise partnerships in agricultural production in Mali, according to Mali Actu.
Source: Mali Actu
Four local authorities in southern Namibia owe NamPower a total of 585 million Namibian dollars, including 295 million from the municipality of Mariental. Minister James Sankwasa is demanding explanations over the use of prepaid electricity revenues, reports New Era.
Source: New Era
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
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