African markets and business updates

In this edition of After Hours, Abidemi Adetula shares how a confusing national conversation around taxation inspired him to build TaxInfo.

Telecom Namibia says it has signed a strategic partnership agreement with local open-access fibre network provider Demshi Investment Holdings to accelerate its fibre service rollout and replace its copper network with fibre in areas prone to cable theft and vandalism.

By Peter Egwuatu The Nigerian stock market reversed its upward trajectory last week with investors losing over N4.915 trillion of their investment listed on the Nigerian Exchange Limited, NGX. The development was driven by a sustained profit-taking move across major sectors. Consequently, the NGX market capitalisation, which represents the total value of stocks listed on the Exchange, declined to N155.593 trillion on Friday from N160.508 trillion the previous week. Analysts noted that the bearish close…

The Suez Canal Authority (SCA) has received FAKHR 1, Egypt’s first integrated petroleum supply and services vessel. The vessel arrived at Timsah Shipbuilding Company after completing a 33-day voyage from China. FAKHR 1 was built at Ningde Tai Jinzhou Yuajin Shipyard. The vessel transited the Suez Canal within the southbound convoy before reaching its berth. FAKHR 1 measures 64.8 meters in length and 16 meters in beam. It has a draft of 5 meters and accommodates 60 crew members.…

BIMCO has launched the Seafarer’s Digital Certificates Charter to support wider adoption of digital certification across shipping. The initiative aims to create a shared framework for secure and interoperable digital seafarer certificates. BIMCO said the charter encourages the use of digital certification solutions that meet clearly defined criteria. The organization aims to improve trust, consistency and efficiency as maritime digitalization accelerates. BIMCO has already secured support from LEDGID…

The Ghana edition of Cooking with Gamechangers was officially introduced to the media at a press briefing held at Labadi Beach Hotel, ahead of what promises to be one of the most refreshing reality TV formats to hit Ghanaian screens. Far from being just another food show, Cooking with Gamechangers brings together food, culture, entertainment […]

Hallmark Health Services Limited (Hallmark HMO), a subsidiary of Consolidated Hallmark Holdings Plc is set to host the 2026 edition of its annual Stakeholders Engagement Forum on Thursday, June 18, 2026, at The Colossus Lagos Hotel, Ikeja, Lagos, by 9:00am. With the theme, “Collaborating for Sustainable Healthcare Systems: Financial Stability, Intelligent Systems, Regulatory Excellence, and […]

A high-level Norwegian delegation led by Andreas Kravik, Norway’s Deputy Minister of Foreign Affairs, visited Lagos today to engage with key participants in Nigeria’s innovation ecosystem, underscoring growing international interest in the country’s entrepreneurial talent, technology sector and long-term economic potential. Hosted at the headquarters of OmniRetail, the award-winning B2B e-commerce and supply chain technology […]

CMA CGM announced new Freight All Kinds (FAK) rates from the Indian Subcontinent to multiple regions, reflecting continued pricing pressure across global trade lanes. The new rates to Central America, the Caribbean and South America’s west coast will apply from June 10, 2026, based on gate-in dates at origin ports. The carrier will apply the rates to dry and hazardous cargo moving from the Indian Subcontinent. Among Latin American destinations, La Guaira and Puerto Cabello recorded the highest pricing levels.…

MTN Nigeria put its data consumption on trial and invited its subscribers to be the jury, while renown consulting firm KPMG served as the referee.