Algeria's OAIC bought 540,000 to 720,000 metric tons of milling wheat in an international tender, with shipments scheduled from September to October 2026.
South African markets face global risk sentiment, commodity moves and overseas developments on August 6 after the rand strengthened and the JSE Top-40 gained.
Egyptian Gulf Bank reported EGP 2.20 billion in consolidated net profit for the first half of 2026, with net interest income reaching EGP 5.18 billion.
Kenya’s private sector returned to growth in July as the Stanbic PMI rose to 51.3, despite persistent inflation and logistics pressures on businesses.
The FAO warns global food prices may rise from late 2026 as wars, higher energy and fertilizer costs, and a strong El Niño threaten agricultural…
Nasr Company for Civil Works posted an EGP 6 million first-half loss in 2026 despite revenue of EGP 120.1 million, according to a company filing.
Egypt’s net foreign reserves rose to $56.294 billion in July 2026 from $55.072 billion in June, strengthening the country’s foreign currency buffers.
South Africa’s private sector stayed in expansion in July, but growth slowed as weak demand, softer hiring and inventory cuts weighed on activity.
The South African rand held steady as traders weighed U.S.-Iran developments and awaited U.S. jobs data for clues on the Federal Reserve’s next move.
Nigeria has approved a $4.5 billion refinancing of NNPC’s oil-backed facility to bolster foreign reserves and release funding for infrastructure projects.