African markets and business updates

The world does not have an energy problem. It has an energy supply problem. As demand rises, populations grow, and billions of people continue to live without reliable access to electricity and clean cooking technologies, the case for producing more energy has never been stronger. From Africa to Latin America, governments and operators are responding with renewed investments in exploration, production and infrastructure, signaling a shift away from energy subtraction and toward energy addition.…

Heirs Energies Limited, Africa's leading indigenous-owned integrated energy company, has been recognised on the global stage after its landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026. The award was presented on 3 June 2026, in London, and recognises one of the largest financings secured by an indigenous African energy company.…

Following its most recent landmark US$215 million equity raise, Spiro is strengthening its leadership team to execute its next phase of pan-African expansion and appoints Anant Badjatya as Group CEO of Spiro. Anant Badjatya previously spearheaded Indofast Energy, the IndianOil × SUN Mobility joint venture, where he built one of India’s largest battery-swapping networks with more than 1,800 stations serving approximately 90,000 vehicles daily. Spiro ( ), Africa's leading electric mobility company…

Gwede Mantashe, Minister of Mineral and Petroleum Resources of the Republic of South Africa, has been confirmed as a featured speaker at the upcoming African Energy Week (AEW) 2026 Conference and Exhibition, where he is expected to lay out the reform agenda reshaping the country's upstream oil and gas sector and its drive to convert long-stranded offshore gas into production. South Africa is pursuing one of the most significant upstream overhauls in its history…

Senator Dr. Rasha Kelej, CEO of Merck Foundation ( ), has launched "Beyond Power; Leadership, Global Influence and Impact”, her first virtual Mentorship and Leadership Platform through Substack , creating an accessible resource designed to inspire, guide, and support future leaders, particularly women and young future leaders. The platform is accessible to all, ensuring that aspiring leaders from diverse backgrounds can access valuable mentorship, leadership insights, and practical guidance.…

On June 2, ExxonMobil and NBA Africa ( www.Africa.NBA.com ) held an interactive STEM Showcase and a Jr. NBA clinic for 100 boys and girls ages 16 and under at the Instituto Politécnico Industrial de Luanda (IPIL) as part of the ongoing third season of the ExxonMobil Jr. NBA League in Angola. The third consecutive season officially tipped off in May, continuing growth of one of the NBA’s most expansive youth basketball development programs in the country…

In some cases, processing facilities are struggling to remain profitable amid growing global capacity and increasingly competitive markets.

The Africa Centres for Disease Control and Prevention (Africa CDC) ( www.AfricaCDC.org ) has welcomed a US$220.6 million emergency financing package from the Pandemic Fund to support efforts to contain the Bundibugyo Ebola outbreak and protect at-risk countries across Central and Eastern Africa. The financing will facilitate implementation of the joint Africa CDC–World Health Organization (WHO) Continental Strategic Preparedness and Response Plan…

The Africa Centres for Disease Control and Prevention (Africa CDC) ( www.AfricaCDC.org ) and the World Health Organization (WHO) today launched a joint continental preparedness and response plan on the ongoing Ebola outbreak caused by the Bundibugyo virus. The plan aims to raise US$ 518 million to support African countries together with partners to prepare for, rapidly detect and respond to the outbreak. The six-month plan, covering June to November 2026, brings together governments…

The Catholic Bishops of Africa have received with profound shock, sorrow, and indignation the news of the violent killing of Bishop Osório Afonso in his episcopal residence in Quelimane, Mozambique. This heinous act, perpetrated against a shepherd of God’s people, constitutes not only an attack on the life and dignity of a devoted servant of the Gospel but also an assault on the values of peace, justice, human dignity, and religious freedom that are essential for the flourishing of every society.…