African markets and business updates

Cameroon moved up one place in global export rankings for natural rubber, cocoa paste and bananas in 2025, but national trade data show that the higher rankings did not consistently translate into stronger export volumes or revenues across the three products. The country ranked seventh worldwide for natural rubber, sixth for cocoa paste and 12th for bananas, according to the 2025 Report on the Competitiveness of the Cameroonian Economy. In 2024, Cameroon ranked eighth, seventh and 13th, respectively. It remained ninth globally for cocoa butter. The gains came during a year in which Cameroon’s overall export performance weakened.…

Nigerian Exchange Group (NGX Group) has expanded access to its NGX Invest platform with the launch of a WhatsApp subscription channel, providing investors with an additional, convenient way to participate in public offers. Investors can begin the subscription process by sending “Invest” to NGX Invest on WhatsApp at +234 812 731 9521. They can then […] Nigerian Exchange Group (NGX Group) has expanded access to its NGX Invest platform with the launch of a WhatsApp subscription channel, providing investors with an additional, convenient way to participate in public offers. Investors can begin the subscription process by sending “Invest” to NGX Invest on WhatsApp at +234 812 731 9521.…

The Cape Town-based HisWay Labs, the company behind TrackView rail-integrity monitoring system, has secured funding from technology investment and product development firm Octoco Group as it prepares for international expansion. Founded in 2018, HisWay Labs designed TrackView from the ground up for an environment where conventional rail equipment simply doesn’t survive. The solar-powered sensor contains [...] The Cape Town-based HisWay Labs, the company behind TrackView rail-integrity monitoring system, has secured funding from technology investment and product development firm Octoco Group as it prepares for international expansion.…

FIRSTRAND LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) JSE ordinary share: FSR; ISIN code: ZAE000066304 NSX ordinary share code: FST JSE interest rate issuer: FSDI LEI: 529900XYOP8CUZU7R671 (FirstRand or the Company) DEALINGS IN SECURITIES BY A MAJOR SUBSIDIARY OF THE COMPANY […]

Ghanaian fashion house BOYEDOE is taking its upcycling ethos to the global stage, with Afreximbank's CANEX programme providing the finance, expertise and market access to turn African creativity into globally competitive brands.

Annual consumer inflation increased to 4,4% in August from 4,3% in July. Several aspects stand out in this month’s print. Food and non-alcoholic beverages (NAB) inflation quickened for the first time in nine months, both the alcoholic beverages & tobacco and health indices declined month-on-month, and fuel inflation continued to ease. The consumer price index Annual consumer inflation increased to 4,4% in August from 4,3% in July. Several aspects stand out in this month’s print. Food and non-alcoholic beverages (NAB) inflation quickened for the first time in nine months, both the alcoholic beverages & tobacco and health indices declined month-on-month, and fuel inflation continued to ease.…

Mozambique‘s National Communications Institute (INCM) is developing a new Tariff Management System designed to bring greater transparency to telecommunications tariffs and mobile data packages, with the platform set to launch in November 2026. The regulator said the move comes in response to growing consumer complaints, voiced through social media and other channels, about how quickly […] Mozambique ‘s National Communications Institute (INCM) is developing a new Tariff Management System designed to bring greater transparency to telecommunications tariffs and mobile data packages, with the platform set to launch in November 2026.…

Nigerian startup Grey, the Y Combinator-backed cross-border payment platform, is now enabling direct payout to Senegal, Ivory Coast, Cameroon and Rwanda. Grey enables individuals and businesses to easily own and manage multi-currency accounts in USD, GBP, and EUR, supporting transfers to more than 170 destinations. It also offers access to virtual cards. With this new [...] Nigerian startup Grey, the Y Combinator-backed cross-border payment platform, is now enabling direct payout to Senegal, Ivory Coast, Cameroon and Rwanda. Grey enables individuals and businesses to easily own and manage multi-currency accounts in USD, GBP, and EUR, supporting transfers to more than 170 destinations.…

African Pioneer Plc confirms completion of all conditions for its financing and technical services agreement with Hong Kong Xinhai Mining Services Limited, paving the way for a £712,786 share subscription and accelerated development of the Ongombo and Ongeama copper projects in Namibia. African Pioneer Plc announced that all precedent conditions attached to the agreement signed …

The U.S. Trade and Development Agency is strengthening power infrastructure along the Lobito Corridor, a strategic logistics route in Central and Southern Africa vital to diversifying America’s critical minerals supply chains. On the sidelines of the United Nations General Assembly (UNGA) High-Level Week, USTDA signed an agreement with Anzana Electric Group Limited (Anzana) to fund …