Nigeria's government has asked a Milan court to order ENI and SHell to pay nearly $1.1bn as an immediate advance payment for damages related to alleged corruption deal. Air Namibia is planning to halve the salaries of employees who have been furloughed since march and to freeze filling vacant posts

South Africa has fallen deeper into recession, with gross domestic product (GDP) has dropped by 51% in the second quarter of this year.  Angola's state auditor says some government-owned companies are draining the state. Ethiopia plans to sell a 5% stake in its state-run telecommunications firm to its citizens as part of measures to break up the monopoly.

South Africa’s Unemployment Insurance Fund bosses sacked after auditor general reveals corruption in Covid-19 funding. Mauritius revokes Century Banking licence. Morocco’s trade deficit shrank by 18%

Nigeria’s central bank to grant more licenses for payment service banks but set a minimum capital base of $13 million.  South Africa’s SOEs seek covid-19 bailout funds.

Egypt signed a $2 billion conventional and islamic loan with several international and regional. AngloGold Ashanti and Barrick Gold will sell their effective 80% stake in the Morila Gold mine in Mali, as political crisis grips Mali

Uganda exports highest amount of coffee in almost 30 years. Angola unveiled a 2020-2025 energy roadmap. Mali’s military junta has allowed ousted president Ibrahim Boubacar Keita to return to his residence.

Harmony is allowed to buy AngloGold Ashanti’s South African mining assets. Botswana won’t be able to renew a deal with De Beers. Nigeria’s GDP to reflect further economic slowdown

Zambia’s central bank governor fired with immediate effect. Nigeria doubles its voting rights in the African Development Bank

Nigeria’s gross revenues rose to 676-Billion naira in July from 653-Billion naira in June due to higher crude oil sales and tax receipts.   Gold Fields reported a four-fold jump in half-year earnings, benefiting from a surge in the price of the precious metal.  Interim headline earnings per share jumped by 300% compared to the previous period. Standard Gank half-year profits dropped by 43%.

Anglogold Ashanti, Hummingbird Resources and Cora Gold are some of the mining companies operating as normal Mali while also monitoring coup.   MTN Group names Ralph Mupita as the new CEO replacing Rob Shuter.