📈 Business & Macro
🇿🇦 South Africa – TFG Profit Slumps Amid Weak Consumer Demand
The Foschini Group (TFG), one of South Africa’s largest fashion retailers, reported a 21.3% drop in headline earnings per share and a 9.9% decline in operating profit to R2.3 billion for the six months ending September 2025. Despite a 12.2% rise in revenue, erratic monthly sales and subdued winter demand weighed heavily on margins BusinessTech Moneyweb.
🇰🇪 Kenya – Nairobi Securities Exchange Hits Historic Milestone
The Nairobi Securities Exchange (NSE) closed above KSh 3 trillion ($23 billion) in market capitalization on November 5, marking a historic high. The rally was driven by strong performance in blue-chip stocks like Safaricom, KCB Group, and EABL, alongside increased foreign inflows and portfolio rotation from fixed income rubianiwealth.com dawan.africa.
☀️ Climate & Energy
🇿🇲 Zambia – AfDB Backs 20MW Solar Project
The African Development Bank approved a $14.54 million financing package for the Garneton North solar project in Zambia’s Copperbelt Province. The 20MW plant will provide clean electricity to 82,000 people and eliminate 58,740 tonnes of CO₂ emissions annually, supporting AfDB’s Mission 300 electrification goal ESI Africa afdb.org.
🌐 Geopolitics & Policy
🇨🇲 Cameroon – Biya Sworn In for Eighth Term Amid Disputed Vote
President Paul Biya, aged 92, was sworn in for a new seven-year term on November 6, extending his rule to 43 years. Official results gave him 54% of the vote, but opposition leader Issa Tchiroma Bakary rejected the outcome, alleging fraud. Post-election protests have led to over a dozen deaths and 1,200 arrests, raising concerns over democratic integrity Crux Arise News.
🇺🇬 Uganda – ICC Confirms Charges Against Joseph Kony
The International Criminal Court confirmed 39 charges of war crimes and crimes against humanity against fugitive warlord Joseph Kony, leader of the Lord’s Resistance Army. The charges include murder, rape, sexual slavery, and use of child soldiers between 2002 and 2005. This marks the ICC’s first confirmation of charges in absentia The Business Standard Jurist.
💻 Tech & Deals
🇧🇫 Burkina Faso – Coris Holding Secures $115M Investment
Private equity firm Mediterrania Capital Partners, alongside European development finance institutions, led a €100 million ($115.7 million) co-investment in Coris Holding, the second-largest banking group in the WAEMU region. The funds will support regional expansion and strengthen financial inclusion Billionaires.Africa mcapitalp.com.
🇳🇬 Nigeria – Ventures Platform Closes $64M Tech Fund
Lagos-based VC firm Ventures Platform announced a $64 million first close of its Pan-African Fund II, targeting a final close of $75 million. Backers include Nigeria’s iDICE program, IFC, BII, and Proparco. The fund will support startups in fintech, healthtech, agritech, edtech, and AI, expanding into Francophone and North Africa Africa Business Communities TechCrunch.
In summary: Africa’s economic and political landscape is shifting rapidly—from record-breaking market rallies and tech investments to contested elections and landmark legal actions. The continent continues to balance growth with governance, innovation with inclusion, and energy transition with equity.
