African business news summarised in English: companies, finance, energy, agriculture, trade and infrastructure, from the local press. 432 articles published.
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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
Tanzania’s Livestock and Fisheries Minister, Bashiru Kakurwa, has ordered compulsory vaccination of all livestock in the country. The measure accompanies the second year of the national identification campaign and aims to protect animal health and strengthen livestock’s contribution to the economy, according to the Daily News.
Source: Daily News
US Treasury Secretary Scott Bessent is asking the World Bank to end its ban on financing oil and gas projects. He also wants the institution to support the extraction of critical minerals, particularly in deep waters, according to Mercado.
Source: Mercado
Daloa’s bus stations will have to leave the city centre within a year, Haut-Sassandra General Council president Mamadou Touré announced. The municipality plans to acquire 25 hectares on the Vavoua road and has prepared a temporary site of about two hectares for lorries, according to AIP.
Source: Aip
Former Nigerian Aviation Minister Femi Fani-Kayode is defending Olusegun Obasanjo, saying Nigeria Airways was already undermined by mismanagement, corruption and debt before its liquidation in 2004. Bola Tinubu’s government has released 36 billion naira to pay outstanding compensation, Punch reports.
Source: Punch
Burkinabè President Ibrahim Traoré has left open the question of creating a common currency for the countries of the Alliance of Sahel States. Asked about the project during an interview, he did not specify the next steps, reports Mali Actu.
Source: Mali Actu
Dakar Mayor Abass Fall inspected road and public-space rehabilitation works in Usine Bène Tally, Fass, Colobane and Gueule-Tapée. The city plans to complete the projects on 15 October, ahead of the Dakar 2026 Youth Olympic Games, according to Senenews.
Source: Senenews
Petrol and diesel prices at the pump in Ghana are expected to fall by 1.20% to 1.67% and 2.60% to 3.32% respectively from 16 October 2026. Liquefied petroleum gas could, meanwhile, rise by 16.98% to 18.50% per kilogramme, according to forecasts by the Chamber of Oil Marketing Companies (COMAC).
Source: Ghanaiantimes
The National University of Equatorial Guinea has set three transport time slots to take students from different points in Malabo to its campuses, including Basupú. Departures are planned for the morning, midday and late afternoon to make travel easier during the academic year, according to the university.
Source: Realequatorialguinea
The Sugar Workers’ Union suspended on 12 October the strike that began on 1 October at Sucreries du Gabon in Franceville, and agreed to mediation. The action was protesting, among other things, a lack of protective equipment and inadequate medical monitoring, according to L’Union.
Source: L’Union
Tanzanian minister Paul Makonda has ordered work to expand Malya Sports College, a sports infrastructure project worth 32 billion shillings, to be accelerated. The work is 58% complete and is due to be finished in April to host the national team’s preparations for the 2027 Africa Cup of Nations, according to Daily News.
Source: Daily News
Shell Petroleum B.V. has signed an agreement to sell its entire stake in Shell Nigeria Gas to Nigerian energy company Vaaris Energy. The transaction concerns a 170-kilometre network serving more than 130 customers and is part of Shell’s refocusing strategy, according to Vanguard.
Source: Vanguard
President Daniel Chapo proposes reserving 11% of Banco Comercial e de Investimentos’s capital for the Mozambican public, particularly employees, after BPI’s possible withdrawal, as it holds 36% of the bank. The remaining 25% would be offered to institutional and private investors, according to Cartamz.
Source: Cartamz
Ghana’s economy grew by 6% in the second quarter of 2026, driven by services, which rose by 8%, while agriculture slowed to 3.9%. Overall growth was 6.6% a year earlier and non-oil sector growth fell to 5.4%, according to the Bank of Ghana’s September 2026 monetary policy report.
Source: MyJoyOnline
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