africa

🌍 AFRICA | TOP TEN NEWS

🇪🇹 1. ETHIOPIA ACCUSES ERITREA OF INVASION AS TENSIONS ESCALATE

Ethiopia accused Eritrea of an invasion in a letter to the UN Security Council on 9 October, saying Eritrean troops had advanced into its territory. Eritrea rejected the accusation. The escalation follows embassy closures and diplomatic expulsions, raising fears of a wider regional conflict.
Source: Reuters · Edited & presented by GSR Analytix

🇨🇩 2. CONGO'S EBOLA CRISIS SPREADS TO NEW HOT SPOTS

Congo's Ebola outbreak has caused more than 4,000 deaths and over 8,500 recorded cases since May. North Kivu has become a major hot spot, while shortages and weak contact tracing hamper containment. Kenya also reported its first case linked to the outbreak.
Source: AP / Africa CDC · Edited & presented by GSR Analytix

🇲🇦 3. MOROCCO APPOINTS ITS FIRST WOMAN PRIME MINISTER

King Mohammed VI appointed Fatima Ezzahra El Mansouri as Morocco's first woman prime minister on 29 September after her Authenticity and Modernity Party won the most seats in the election. Coalition-building and preparations for the 2030 World Cup are among the incoming government's priorities.
Source: Reuters · Edited & presented by GSR Analytix

🇿🇲 4. ZAMBIA CUTS INTEREST RATE BY 250 BASIS POINTS

The Bank of Zambia lowered its policy rate from 13.25% to 10.75%, delivering a much larger cut than economists expected. September inflation eased to 6.1%, supporting further monetary easing as price pressures moved towards the lower end of the central bank's target range.
Source: Bank of Zambia / Reuters · Edited & presented by GSR Analytix

🇿🇦 5. SOUTH AFRICAN MANUFACTURING PMI REBOUNDS

South Africa's Absa manufacturing PMI increased to 50.7 in September from 45.8 in August, returning above the expansion threshold. New orders recovered sharply, but the business activity index remained below 50, indicating that the improvement in sentiment has yet to translate into a broad production recovery.
Source: Absa / Bureau for Economic Research · Edited & presented by GSR Analytix

🇳🇬 6. NIGERIAN PUBLIC SERVANTS HOLD WARNING STRIKE

Public service workers held a three-day warning strike from 2 to 4 October over rising living costs and unmet demands. Their negotiating council called for petrol prices of ₦500 per litre, an immediate wage award and negotiations on a new minimum wage.
Source: Punch / JNPSNC · Edited & presented by GSR Analytix

🇳🇬 7. DANGOTE REFINERY IPO APPROACHES DEADLINE

Dangote refinery's public share offer is scheduled to close on 13 October, targeting approximately ₦2.15 trillion. Chief executive David Bird says the company aims to attract 10 million retail investors, while the offering highlights continuing barriers to cross-border participation in African capital markets.
Source: Reuters · Edited & presented by GSR Analytix

🇰🇪 8. KENYA'S INFLATION RISES TO 6.8%

Kenya's annual inflation increased to 6.8% in September from 6.6% in August. Food inflation reached 9.5%, with higher vegetable and milk prices adding pressure on household budgets. The consumer price index rose by 0.4% over the month.
Source: KNBS / NCBA · Edited & presented by GSR Analytix

🇬🇼 9. GUINEA-BISSAU TO POSTPONE DECEMBER ELECTIONS

Guinea-Bissau will delay presidential and legislative elections previously scheduled for 6 December, Prime Minister Ilídio Vieira Té said on 8 October, without announcing a new date. The decision follows the military authorities' move to block former president Umaro Sissoco Embaló's planned return from exile.
Source: Reuters · Edited & presented by GSR Analytix

🇬🇭 10. GHANA'S CEDI WEAKENS 9.5% AGAINST THE DOLLAR

Ghana's cedi depreciated by 9.5% against the US dollar in the first nine months of 2026, according to reported Bank of Ghana figures. The interbank exchange rate stood at about GH₵11.55 per dollar in September, compared with GH₵10.45 at the end of 2025.
Source: MyJoyOnline, citing Bank of Ghana · Edited & presented by GSR Analytix