African markets and business updates

Moneda Investment Limited has raised N6 billion through its Series 1 Commercial Paper issuance, exceeding its initial N5 billion target by 20% under its N30 billion Commercial Paper Programme. The transaction, which represents the first issuance under the programme, recorded 120% subscription, with investor demand allowing the company to increase the amount raised by N1 […]

Sandy Ridge data center plans are entering a crucial financing stage as Hong Kong seeks to expand its construction pipeline. The project forms part of the city’s strategy to strengthen artificial intelligence infrastructure and attract high-value digital industries. However, financing negotiations could determine how quickly the development progresses. Hong Kong awarded the Sandy Ridge site […]

The President of the Republic of Liberia, His Excellency Joseph Nyuma Boakai, Sr., has, by proclamation, declared Wednesday, September 16, 2026, as “International Ozone Day,” to be observed throughout the country as a working holiday. The proclamation calls on citizens, government ministries and agencies, foreign residents, as well as national and international organizations to join the Environmental Protection Agency (EPA) in undertaking appropriate programs and activities befitting the occasion.…

Huawei 3D data center represents a new construction model for artificial intelligence infrastructure, using vertical stacking to support ultra-dense computing. The facility debuted in Wuhu, Anhui, during the 2026 AIDC Industry Development Conference. Huawei says the architecture can support Ascend super node clusters exceeding 100,000 cards. The facility can support up to 168MW within a […]

The President of the Republic of Liberia, His Excellency Joseph Nyuma Boakai Sr., has, by proclamation, declared Wednesday, September 16, 2026, as “National Identification Day,” to be observed throughout the Republic as a working holiday. According to a Foreign Ministry release, the proclamation requests the National Identification Registry (NIR), other government agencies, and relevant international organizations to initiate and implement appropriate activities and programs befitting the occasion. The Presidential Proclamation focuses on three fundamental principles of identity: inclusion, protection, and utility.…

The Ministry of Foreign Affairs, in collaboration with the Ministry of Finance, Planning and Economic Development (MOFPED), is convening the 1st Annual Economic and Commercial Diplomacy (ECD) Performance Review Retreat 2026 at Lake Victoria Serena Golf Resort & Spa from 16–18 September 2026 under the theme “From Performance Review to Institutional Commitments: Strengthening ECD Delivery and Opportunity Conversion.” The retreat brings together officials from the Ministry, Uganda’s Missions abroad, Ministries, Departments and Agencies (MDAs), and private-sector partners to review the implementation and performance of the ECD Strategy during FY2025/26 and strengthen the conversion of identified opportunities into tangible economic outcomes.…

Australia is preparing to tighten immigration rules for international students, with the federal government considering restrictions.

Mesa City Council has unanimously approved a development agreement for Legacy Park and Gateway Crossing, a $3 billion mixed-use project representing the largest development in Mesa’s history. As a result, the East Valley suburb overcame significant regulatory challenges such as annexation, zoning ordinance and retail tax incentive agreements. The development will occupy approximately 200 acres […]

Extell Development Co. has closed a $1.25 billion construction loan for The Torch, a 60-story mixed-use tower at 740 Eighth Avenue in Times Square. With the agreement, one of the city’s most ambitious projects for hospitality and entertainment looks a little closer to reality. About 40 of the 60 levels that were completed were done […]

DHL Supply Chain has agreed to acquire Colombian logistics and transport operator Open Market, expanding its warehousing, transport and temperature-controlled capabilities in the country. The acquisition supports DHL Group’s Strategy 2030 and strengthens its position in Colombia and the wider Latin American market. The transaction remains subject to customary closing conditions. DHL did not disclose […] DHL Supply Chain has agreed to acquire Colombian logistics and transport operator Open Market, expanding its warehousing, transport and temperature-controlled capabilities in the country.…