African business news summarised in English: companies, finance, energy, agriculture, trade and infrastructure, from the local press. 427 articles published.
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Bank of Africa has recredited ABCO BOURSE SA with the disputed amounts after fraudulent transfers were made from the company’s account. The bank’s managing director, Sadio Cissé, confirmed this in a letter dated 12 October 2026, while checks with the relevant authorities continue, according to Source A.
Source: Senego
Tanzanian Prime Minister Mwigulu Nchemba has urged African savings and credit cooperatives (SACCOS) to invest more of their deposits to support businesses and production and create jobs. He was speaking on 15 October 2026 in Dar es Salaam at the 26th African SACCOS congress, and also called for digital services and access to loans for young people, according to Jamhurimedia.
Source: Jamhurimedia
Central African President Faustin-Archange Touadéra justifies higher fuel prices by the Central African Republic’s reliance on oil imports. He says distributors pass on international prices, while the analysis highlights the possible role of supply costs, Corbeaunews Centrafrique reports.
Source: Corbeaunews Centrafrique
Moroccan property group Addoha plans 20 projects comprising 27,469 homes and potential revenue of 22.3 billion dirhams in Ivory Coast. Sales have already secured a quarter of this projected figure, while the developer is now targeting the very high-end market and expansion in West Africa, according to TelQuel.
Source: Telquel
Guinea’s Transport Minister, Ousmane Gaoual Diallo, discussed the Mbotini, Cap Verga and Benty deep-water port projects with African Development Bank Group President Sidi Ould Tah. The meeting, held on the sidelines of a high-level dialogue between Guinea and the AfDB, forms part of cooperation prospects around the Simandou 2040 programme, reports Guinéenews.
Source: Guinéenews
Malawi’s trade deficit is expected to widen further in 2026, driven by rising imports of fuel, fertiliser and vehicles, while exports remain weak. Tobacco accounts for about 40% of export revenues and sales reached $287 million by the end of October, compared with $526.2 million a year earlier, according to the World Bank and Reserve Bank of Malawi Deputy Governor Kisu Simwaka.
Source: Times
Tijane Thiam has been appointed director general of SOMELEC, Mauritania’s electricity company, amid fires at transformer substations in Nouakchott. His appointment comes as the company’s governance and organisation face criticism, according to Kassataya.
Source: Kassataya
Netflix plans to cut around 1,000 jobs, nearly 6% of its global workforce, in its largest jobs reduction since 2022. The cuts would affect product, technology, legal and human resources teams, among others, according to an internal message from its co-chief executives reported by Infomediaire.
Source: Infomediaire
An Algerian executive decree establishes a permanent committee to monitor and review import applications, chaired by the Minister of Foreign Trade or a representative. It includes, among others, the Minister of Finance, the Governor of the Bank of Algeria, the professional association of banks and the Algerian Economic Renewal Council, according to the decree published in the Official Gazette.
Source: Leprovincial
Algerian education directorates have opened promotions by eligibility list in eight grades, generally requiring ten years of effective service by 31 December 2025. Applications must be submitted through the proper channels before 19 October, according to Leprovincial.
Source: Leprovincial
Donald Duke, former governor of Cross River State and a candidate for the People’s Redemption Party, considers the Lagos-Calabar coastal highway unfeasible because of its cost and swampy terrain. He responded to Bayelsa Governor Douye Diri during a television interview, Vanguard reports.
Source: Vanguard
The Rotary Club of Dar es Salaam held a pickleball tournament on 14 October to fund the provision of 600 desks for the city’s primary schools. The project aims to improve pupils’ learning conditions, reports The Citizen.
Source: The Citizen
G20 finance ministers and central bank governors meet on 15 October in Bangkok, Thailand, under the US presidency, for their last ministerial meeting before the leaders’ summit in December in Miami. The discussions take place amid major energy tensions linked to the war in the Middle East, reports Mercado.
Source: Mercado
The Central Bank of Nigeria has strengthened the role of independent external members on its Monetary Policy Committee to reduce groupthink and restore investor confidence after the currency crisis. Its governor, Olayemi Cardoso, presented the move during an annual meeting of the IMF and World Bank in Bangkok, according to Businessday.
Source: Businessday
The Bank of Mauritius sold $15 million on the domestic foreign exchange market on 15 October at a rate of 47.30 Mauritian rupees to the dollar. In September, the dollar gained 1.4% against the rupee, while the pound sterling and euro each lost about 1%, according to Actuarix Investment’s dashboard.
Source: Defimedia
Morocco’s director general of water resources, Salaheddine Dahbi, presented the kingdom’s water policy in Rome as availability fell below 600 m³ per person per year after seven consecutive years of drought. Irrigated agriculture accounts for more than 80% of water demand, while the national plan to 2050 notably provides for dams, inter-basin transfers, desalination and wastewater reuse, according to Libe.
Source: Libe
Angolan and Nigerian crude oil exports are struggling to find buyers as high shipping costs and the return of Middle Eastern supply weigh on their appeal. Angolan Dalia crude was offered at a discount of 20 dollars per barrel to dated Brent, compared with a smaller discount the previous week, according to operators cited by Reuters.
Source: Mercado
Angola highlighted the Lobito Corridor at a meeting of the African Caucus with Ajay Banga, president of the World Bank Group. The railway link is expected to attract investment, facilitate mineral exports and strengthen regional trade, Mercado reports on the meeting held in Bangkok.
Source: Mercado
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