IBOV 192,114.55 ▲ 2.63% IPSA 10,916.59 ▲ 0.08% IPC MEX 63,828.60 ▼ 0.60% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL5.22▼ 0.03% USD/MXN18.15▼ 0.83% USD/CLP989.60▲ 0.35% USD/COP3,254▼ 1.77% USD/PEN3.43▼ 0.53% USD/ARS1,524▼ 0.04% USD/UYU40.46▲ 3.55% USD/PYG5,821▲ 2.69% USD/BOB11.93▲ 2.09% USD/DOP59.90▲ 0.67% USD/CRC456.38▲ 3.02% USD/GTQ7.64▲ 3.14% USD/HNL26.86▲ 3.19% USD/NIO36.62▲ 2.63% USD/VES864.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▲ 1.67% EUR/BRL5.87▲ 0.03% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 192,114.55 ▲ 2.63% IPSA 10,916.59 ▲ 0.08% IPC MEX 63,828.60 ▼ 0.60% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Friday, October 2, 2026

Africa Africa Markets & Investment

African Pulse for Friday, October 2, 2026

By · October 2, 2026 · 7 min read
Cape Town and Table Mountain, South Africa, the city where Soul Sisters 2026 plays GrandWest on 3 October
Cape Town's city bowl beneath Devil's Peak and Table Mountain; GrandWest lies in the northern suburbs (Photo: Josep M. Gracia, CC BY-SA 4.0 via Wikimedia Commons)

Rio Times · Africa

Key Facts

—East Ethiopia and Eritrea have cut diplomatic ties, and Ethiopia has expelled 10 Eritrean diplomats.

—Central Congo’s Ebola death toll has passed 4,000, and the burning of a transit centre in Bunia sent about 19,000 people fleeing.

—West Nigerian public servants began a three-day warning strike, as Ghana parted with coach Carlos Queiroz.

—North Algeria’s lower house voted for the death penalty for forest arson and child abduction, a step towards ending a de facto freeze on executions that has lasted since 1993.

—South Zambia’s central bank cut its policy rate by 2.5 points to 10.75%, as inflation fell to 6.1%.

On the first Friday of October, Africa is asking who holds authority and who still trusts it: governments close doors and tighten laws, while workers, soldiers and patients test the limits.

Instrument Level Session
NGX All-Share (Nigeria) 250,808.27 -0.16%
USD/NGN 1,329.83 quote
EGX30 (Egypt) 53,055.03 closed (Thursday close)

Source: RT live market data (RT), Friday 2 October 2026. The NGX figure is the change from the 30 September close of 251,211.67, as the exchange was shut on Thursday for Independence Day; USD/NGN is a Friday quote, and a rise means a weaker naira. Egypt’s exchange is closed on Fridays.

The Continent’s Mood Today

Africa’s mood on Friday 2 October 2026 is one of strain between rulers and the ruled. Ethiopia and Eritrea have broken off diplomatic ties, Guinea-Bissau’s generals have barred a former president from coming home, and Algeria is moving to widen the death penalty.

Elsewhere, the pressure comes from below. Nigerian public servants have walked out over the cost of living, and in eastern Congo a frightened population is running from a disease that the state cannot yet contain.

There is a counter-current. Zambia’s central bank has cut borrowing costs sharply, and Nigeria’s private sector reports their best business conditions in more than four years.

Bronze figures raising the Kenyan flag at the Uhuru Gardens monument in Nairobi, Kenya, at dusk.
File photo: the flag-raising monument at Uhuru Gardens, Nairobi, Kenya.

East: A Border Becomes a Wall

Ethiopia ordered its embassy in Asmara closed on Thursday 1 October and gave 10 Eritrean diplomats 48 hours to leave. Its foreign ministry cited Eritrea’s “direct and indirect acts of hostility and belligerence”, and said the diplomats had threatened national security.

Eritrea answered that it had “no option but to reciprocate” and sever all diplomatic ties. The two countries had made peace in 2018. Our earlier report on the Eritrean decision to cut ties sets out the background.

For a foreigner, the practical meaning is simple: flights, border crossings and aid routes around northern Ethiopia and the Red Sea coast deserve extra caution. Whether the African Union’s call for restraint finds listeners is not yet known.

Central: Fear Spreads Faster Than the Virus

Congo’s Ebola outbreak has passed 4,000 deaths, with about 8,300 confirmed cases, according to health ministry figures published on Thursday 1 October. In mid-September the World Health Organization said the epidemic was “far from over”.

The harder problem is trust. A senior UN official said soldiers searching for weapons burned an Ebola-hit camp at Bunia, in Ituri province, and about 19,000 people fled. The official said the loss of the centre makes the outbreak harder to contain.

In practice, every lost treatment centre sets the response back. Aid groups must rebuild capacity while villagers weigh whether health workers and soldiers are friends or threats.

West: Strikes, Exile and a Coach Out

In Nigeria, the Joint National Public Service Negotiating Council began a three-day warning strike at midnight on Friday 2 October, to run until Sunday 4 October. It covers federal, state and local government workers.

The council wants petrol cut to N500 a litre (about US$0.38 at 1,329 naira per US dollar), an immediate wage award and talks on a new minimum wage before 2027. It says President Bola Tinubu’s Independence Day speech ignored its demands.

Business tells a brighter story. The Stanbic IBTC Nigeria Purchasing Managers’ Index (PMI), a survey of company managers, rose to 56.4 in September from 54.3 in August. Any reading above 50 signals growth, and this is the strongest since February 2022.

Guinea-Bissau’s military command said security conditions were not right for former President Umaro Sissoco Embaló to return, after he had announced he would come back on Sunday 4 October to contest the election set for 6 December. Restrictions on political gatherings remain in force. See our report on his plan to return.

In football, the Ghana Football Association and coach Carlos Queiroz agreed to end his contract on Thursday. Ghana had lost 2-0 to Ivory Coast and 4-2 to The Gambia in qualifiers for the 2027 Africa Cup of Nations.

Ghana also awaits its September inflation figure. The August rate was 5.0%, and the new reading was not yet public at the time of writing.

North: Fire Laws and a Quiet Friday

Algeria’s National People’s Assembly voted on Thursday 1 October to amend the penal code. The text provides for the death penalty for deliberately setting fire to forests or fields, and for child abduction, after a summer of deadly wildfires. Algerian outlets say the penalty is heavier when the abduction involves torture, sexual assault or abuse; reports differ on whether every abduction is covered.

The bill still needs approval from the Council of the Nation, the upper house. Algeria has observed a de facto moratorium on executions since 1993, and Hespress notes that the broad wording on harm to public order raises questions about how far the law could reach.

Egypt’s exchange is closed on Fridays, so Cairo pauses after Thursday’s EGX30 close at 53,055.03 points. For a visitor or investor, the next signal comes when trading reopens on Sunday.

South: Zambia Cuts Its Rate

Zambia offers the day’s clearest good news. The Bank of Zambia cut its policy rate by 250 basis points (2.5 percentage points) to 10.75% from 13.25% on Wednesday 30 September, Governor Denny Kalyalya announced.

Annual inflation eased to 6.1% in September from 6.2% in August, the lowest since 2018, according to the national statistics agency. The bank pointed to lower maize prices and a firmer kwacha.

For businesses in Lusaka, cheaper credit may arrive within months. The open question is whether the bank can keep inflation inside its 6% to 8% target range if the kwacha softens.

The Markets Signal

Markets are a footnote today. Nigeria’s NGX All-Share slipped 0.16% to 250,808.27 points in its first session after the holiday. For full market detail, see our Kenya market report. Egypt was closed for the weekly Friday break; the previous session is covered in our wraps for South Africa, Egypt and Morocco.

The Through-Line

The thread running through the day is trust in institutions. Algeria trusts harsher law, Guinea-Bissau trusts its generals, Ethiopia trusts a diplomatic rupture, and Nigerian workers no longer trust a speech. In Congo, the lack of trust is itself the epidemic’s accelerant.

Zambia’s rate cut and Nigeria’s business survey show the other side: where policy is predictable and credit is cheaper, confidence returns quickly. What could tip the balance is the Horn of Africa, where a broken diplomatic channel leaves fewer ways to calm a conflict.

For readers working or travelling across the continent, the useful habit is to check each country’s rules and security advice before the weekend. Monday will show whether Nigeria’s strike ended on schedule.

Why did Ethiopia and Eritrea cut diplomatic ties?

Ethiopia closed its embassy in Asmara on 1 October and expelled 10 Eritrean diplomats, citing hostile acts and threats to national security. Eritrea then severed all ties. The two countries had made peace in 2018.

How many people have died in Congo’s Ebola outbreak?

Health ministry figures published on 1 October put the toll above 4,000 deaths, with about 8,300 confirmed cases. In mid-September the World Health Organization said the outbreak was far from over.

Why are Nigerian public servants on strike?

The Joint National Public Service Negotiating Council called a warning strike from 2 to 4 October. It demands cheaper petrol, a wage award and talks on a new minimum wage before 2027.

Has Algeria reintroduced executions?

Not yet. The National People’s Assembly approved a penal code amendment on 1 October that adds the death penalty for forest arson and child abduction, with heavier penalties where torture or sexual assault is involved. It still needs the upper house and publication in the official journal.

What did the Bank of Zambia decide?

It cut its policy rate by 250 basis points to 10.75% on 30 September, after annual inflation fell to 6.1% in September, the lowest since 2018.

Sources: allAfrica, Ethiopian foreign ministry statement, TSA Algérie, Hespress, Citi Newsroom, Lusaka Times, Ripples Nigeria, Leadership Nigeria, Voice of Nigeria, Al Jazeera; market data from RT live market data (RT).

Connected Coverage

Eritrea Cuts Ties With Ethiopia After Embassy Order

Guinea-Bissau’s Ousted President Embaló Vows to Return and Run in December

Africa Markets & Investment


The Big Picture

Africa: The New Scramble — why the world’s powers are competing for the continent

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.

Frequently Asked Questions

RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

Africa Intelligence

One email, every weekday morning. African markets, politics and business — filed from our newsroom in Rio.

Yesterday’s subject line: “Eritrea cuts ties with Ethiopia: the 2018 peace is over”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.