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African business news summarised in English: companies, finance, energy, agriculture, trade and infrastructure, from the local press. 740 articles published.

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Page 32

DR Congo prepares foreign exchange reform to capture more mining revenue
🇨🇩 DR CongoBusiness13 Oct 2026

DR Congo prepares foreign exchange reform to capture more mining revenue

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

Uganda prepares solar irrigation as threatened harvests loom
🇺🇬 UgandaBusiness13 Oct 2026

Uganda prepares solar irrigation as threatened harvests loom

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

Namibian student fund recovered just N$21.5 million
🇳🇦 NamibiaBusiness13 Oct 2026

Namibian student fund recovered just N$21.5 million

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

Map: Nigeria
🇳🇬 NigeriaBusiness13 Oct 2026

Nigeria’s GAS360 targets 150,000 homes for gas cooking

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

IMF forecasts oil at $87.39 per barrel in 2027
🌍 WorldBusiness13 Oct 2026

IMF forecasts oil at $87.39 per barrel in 2027

The International Monetary Fund forecasts an average oil price of $95.74 per barrel in 2026, then $87.39 in 2027. The decline would follow a rise of more than 70% linked to the war between the United States, Israel and Iran, Kenyans reports.

Source: Kenyans

Map: Luanshya, Zambia
🇿🇲 ZambiaBusiness13 Oct 2026

Street vendors told to move to markets in Luanshya

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 revives talks on its IMF loan
🇰🇪 KenyaBusiness13 Oct 2026

Kenya revives talks on its IMF loan

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

Namibia to refurbish 17 TransNamib locomotives locally
🇳🇦 NamibiaBusiness13 Oct 2026

Namibia to refurbish 17 TransNamib locomotives locally

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

Dangote extends IPO subscription period to 27 October
🇳🇬 NigeriaBusiness13 Oct 2026

Dangote extends IPO subscription period to 27 October

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

Mauritius Metro Express remains suspended for inspection
🇲🇺 MauritiusBusiness13 Oct 2026

Mauritius Metro Express remains suspended for inspection

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 passes one million visitors in September 2026
🇲🇺 MauritiusBusiness13 Oct 2026

Mauritius passes one million visitors in September 2026

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

Map: Eswatini
🇸🇿 EswatiniBusiness13 Oct 2026

Eswatini Senate approves 25% rise in transport fares

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

Eswatini private sector credit falls 1.4% in August 2026
🇸🇿 EswatiniBusiness13 Oct 2026

Eswatini private sector credit falls 1.4% in August 2026

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 ratifies air services agreements with nine countries
🇷🇼 RwandaBusiness13 Oct 2026

Rwanda ratifies air services agreements with nine countries

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

🌍 WorldBusiness12 Oct 2026

EU gas stocks reach 73.61% on 12 October

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

Map: Burkina Faso
🇧🇫 Burkina FasoBusiness12 Oct 2026

Burkina Faso targets 7.2% annual growth by 2030

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

🌍 WorldBusiness12 Oct 2026

80-million-dollar freight blocks US heavy crude

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 $18.5 billion in social transfers for 2027
🇩🇿 AlgeriaBusiness12 Oct 2026

Algeria plans $18.5 billion in social transfers for 2027

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

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