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Access Bank Plans to Sell Minority Stakes in African Subsidiaries to Local Investors
The Nigerian lender says it will offer local investors up to 25% of most of its African banks as it shifts from rapid expansion to capital management, a model Botswana's listing rules already pushed it toward.
South Africa Commodity Price Index Records First Monthly Decline in Three Months
The South African Reserve Bank reported a 0.5% drop in the US dollar-denominated commodity price index in October, the first decrease since July, signaling potential cooling inflationary pressures.
Absa Aims to Finish Africa Expansion Reset Within Two Years, Eyeing Nigeria and Angola
South Africa's third-largest lender is converting its Nigerian office into a merchant bank and opening in Angola as it tries to reduce reliance on South Africa, Kenya and Ghana.
Botswana to Double De Beers Stake to 30% as Anglo Exit Advances
In his 9 November 2026 SONA, President Duma Boko said Botswana will double its De Beers stake from 15% to 30% if Anglo American's sale completes, backing the Gareth Penny-led Global Diamond Consortium. He later confirmed a "double increase in shares" on X. Anglo says binding documents are still ahead.
US CPI and Oil Prices Set Tone for African Markets on Wall Street Opening
US CPI and falling Brent crude set a positive tone for African commodity markets, while easing inflation may calm volatility and support currency gains.
Diamonds for Development Fund Receives P1 Billion De Beers Instalment, Boko Says
In SONA 2026, President Boko said Botswana's Diamonds for Development Fund received an initial P1 billion annual payment toward a P10 billion De Beers contribution and is governed by an independent board.
Botswana Airport City Breaks Ground as P25.5 Billion SEZ Bet, Boko Says
President Boko said Botswana's new airport city is a P25.5 billion development with BDC holding about 5% golden equity via land worth ~P198 million, and that construction has begun on a 124,000 m² convention centre.
Amazon Wildfires Devalue Carbon Credit Assets
Amazon-wide wildfires are devaluing carbon credit assets and threatening agricultural stability in South American markets.
Dangote Refinery Secures $750 Million Eurobond for Debt Optimization Ahead of IPO
Dangote Refinery successfully issued its inaugural $750 million Eurobond, due in July 2031 with a 7.50% yield, marking a strategic move to optimize its debt profile ahead of a potential IPO. The bond's pricing aligns with Nigeria's sovereign curve, reflecting strong investor confidence in the company's export-oriented operations.