ECONOMY

A circular from the Ministry of Economy and Finance prioritizes locally manufactured products in public procurement. Replacing a targeted local product with an imported item requires prior authorization from the minister.

Gabon plans to ban imports of broiler chicken starting January 1, 2027. The United States has raised concerns with Libreville at the WTO, prompting the government to seek a legal and diplomatic strategy to avoid a trade dispute.

General Invasion, initially disqualified for listing the tender file number instead of the SIGMAP reference on its guarantee, must be reinstated in the contract for components intended for SoNaMA's connected meters, as decided by the ARMP.

The U.S. and Chinese economic leaders are set to meet in New York ahead of the Trump-Xi summit. AI, rare earths, tariffs, and U.S. purchases are among the issues that could impact the trade truce.

By the end of June 2026, the Beninese state had mobilized 2,329.6 billion FCFA in revenues and financing. Budget expenditures and cash outlays reached 2,125.4 billion in commitments, representing 51.2% of the revised annual forecasts.

The project will be executed in two phases, with Copperbelt Energy Corporation expected to be the buyer of the electricity. Approximately 640 jobs are anticipated during construction and operation.

A $294.49 million private complex is set to be developed in the heart of Nairobi Railway City, featuring a 10,000-seat indoor arena, along with a hotel, apartments, retail spaces, and event venues.

The Benin Chamber of Commerce reviewed and voted on its 2027 budget proposal, set at 6.6 billion FCFA. The investment will absorb 2.1 billion, with expected results on formalization, employment, and businesses across the 77 municipalities.

The Ugandan shilling has lost nearly 6% against the dollar since the beginning of September. To contain the pressure on the currency, the Bank of Uganda is raising the reserve requirement for commercial banks from 11% to 13.5% starting September…

Remittances to Africa reached $124.2 billion in 2025, an 86% increase over ten years. Egypt leads the continent with $41.5 billion, followed by Nigeria at $22.8 billion, according to the new IFAD report.

Nigeria's current account surplus surged by 67.9% in the second quarter of 2026, reaching $7.54 billion. The increase in exports and diaspora transfers strengthened the country's external position.

The South African Special Tribunal has annulled the 85.34 million rand extension of a contract made in 2019 by South African Airways with Flyfofa. The company must detail the amounts received and its costs, then return any unjust profits or…

The Kenyan government plans to allocate 1 billion shillings to the KNTC to purchase locally produced rice before allowing imports. The announcement primarily targets the harvests from Mwea and other rice-growing areas in the country.

A Chinese consortium led by SPIC and Chinalco is proposing to invest over $3 billion in a rail and port corridor between Santou and Cape Verga. The project is designed to evacuate up to 77 million tons of bauxite annually.

Ivory Coast plans to launch its first national gold refining unit in Abidjan by the first half of 2027. At full capacity, it is expected to process around 100 tonnes and is part of the SIMEP initiative, which aims to…

In the second quarter of 2026, the value of secured loans registered in Ghana reached 31.5 billion cedis, a 73.4% increase year-on-year, despite a decline in the number of registrations.

Angola and Oman have finalized five agreements and eight memoranda of understanding, valued at over $1.5 billion. The package includes a 500 MW renewable project with battery storage.

Gabon and Oilserv have signed a memorandum to develop blocks DEF-3 and D4-5, along with gas infrastructure aimed at electricity production and industry.

The Rwandan government has approved an investment agreement with Chery Holding Rwanda Ltd to establish an electric vehicle assembly plant in the country. The investment amount, capacity, and timeline for the project have not yet been disclosed.

The Federal Ministry of Finance and the Central Bank of Nigeria have formalized a coordination framework for public borrowing, treasury management, and liquidity. The agreement supports the transition to inflation targeting while maintaining the independence of the CBN.

A circular from the ARMP now requires public buyers to distinguish between formal irregularities and failures that genuinely affect a bid. Minor defects can no longer justify a rejection on their own.

Juba claims it wants to advance the hydropower dam project at Fula, near Nimule. The site is assessed at 1,080 MW by the Nile Basin Initiative, while funding and construction timelines remain to be clarified.

Botswana and Oman have signed an air agreement based on the principle of open skies. Airlines from both countries will be able to operate an unlimited number of direct flights and enter into code-sharing agreements, although no commercial routes have…

Afreximbank and the Ghana Infrastructure Investment Fund are committing $10 million to finance the preparation of selected projects under the 24H+ program, which has an investment pipeline valued at approximately $11.5 billion.

Kenya Power reported a net profit of KSh 24.99 billion for the fiscal year 2025/26. Increased electricity sales and 411,710 new customers supported the results.

SM10 Agro will provide the Casamance region with mango processing units, backed by an announced investment of 11.7 billion CFA francs. The complex aims to create over 1,000 direct jobs.

The International Monetary Fund's mission concluded in Maputo without an agreement on a new program. The IMF believes that further reforms are necessary, particularly to restore debt sustainability.

Hassan Sheikh Mohamud claims that Somalia has uranium, lithium, and cobalt. No volume of reserves or extraction timeline has been made public.

NSSF Uganda and several East African pension funds aim to raise approximately $300 million in anchor capital to finance infrastructure and real estate projects.

Egypt will open applications on Sunday, September 20, for 25,000 housing units available for rent or rent-to-own. Fifteen thousand units are reserved for low-income households.