UKUMBI MARKETS INTELLIGENCE
Reporting on capital, currencies, companies and the policy decisions moving African markets.
01 / Market-moving stories
Latest market journalism from across the continent.
↗Dar Es Salaam — Dar es Salaam Port is handling ships faster even as cargo volumes reach record levels, strengthening Tanzania’s position as a key Indian Ocean gateway for trade into Central, Eastern and Southern Africa.
↗Nairobi — The World Bank has raised its forecast for economic growth in Sub-Saharan Africa to 4.3% in 2026, from 4.1% previously, citing stronger-than-expected performance across much of the region.
↗Lagos — Dangote Petroleum Refinery Chief Executive David Bird has set an ambitious target for the company's planned initial public offering (IPO), saying the benchmark is Saudi Aramco's landmark stock market listing.
↗Although the decision for L’IMAD Holding to acquire full control of AD Ports Group was announced in August, the transaction just now is entering its decisive phase. As the deal moves toward completion, the significance of the African assets held by one of the Persian Gulf’s most important port and logistics groups is becoming increasingly clear.
↗Tanzania has renewed the mining licences for Barrick Mining Corporation’s North Mara gold mine for another 15 years, extending the company’s operating rights at one of the country’s key gold-producing assets.
↗Cairo — Egypt’s non-oil private sector deteriorated further in September, with output and new orders falling sharply as businesses faced persistent inflationary pressures and geopolitical disruptions, according to the latest S&P Global Purchasing Managers’ Index (PMI).
↗Lusaka— Zambia is set to introduce a 20-year government bond, extending the maturity of its domestic debt instruments as authorities seek to deepen the country’s financial markets.
↗Angola’s October-loading crude oil cargoes are taking longer than usual to find buyers, highlighting the pressure that soaring shipping costs are putting on West African oil markets.
