Africa's Markets, Startups & Money Moves — Updated Daily

OPEC+ Keeps Oil Production Targets Unchanged for November

OPEC+ agreed to keep oil production targets steady for November at a meeting on Sunday, the producer group said, in line with expectations that further output policy adjustments are unlikely until next year.

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Ferns N Petals (FNP) Planning to Go Public by the End of 2028

Ferns N Petals (FNP), an omni-channel gifting and floral retail company, is planning to go public by the end of 2028 as it looks to accelerate its expansion plans and pursue acquisitions, according to Reuters.

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Saudi Arabia Extends Period for Employers to Regularise Expired Work Permits

Saudi Arabia has extended the grace period for employers to regularise expired work permits for foreign workers until December 31, 2026, providing businesses with an additional six months

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Saudi Arabia’s Crucial East-West Pipeline Pumping Oil At Its Full Capacity

Saudi Arabia’s crucial East-West pipeline that circumvents the Strait of Hormuz is pumping oil at its full capacity of 7 million barrels a day, according to a person familiar with the matter.

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OPEC+ Agrees in Principle to Keep Oil Output Pause for March

OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when it meets later on Sunday, ⁠according to three delegates.

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