African markets and business updates

Sterling Financial Holdings Company Plc has announced the appointment of Laoye Jaiyeola and Chinedu Ikwudinma as Independent Non-Executive Directors of Sterling Bank Limited.

The Port Authority of Douala (PAD) and Afisa Food Industry have developed eight grain silos at the Port of Douala-Bonabéri, adding 40,000 tons of storage capacity. PAD says the facility is designed to shorten vessel unloading times and provide additional storage for Afisa’s food-processing operations. The facility was developed jointly by PAD and Afisa, a subsidiary of Sudan’s Elnefeidi Group. Each silo can hold 5,000 tons of cereals. Under the arrangement, Afisa is expected to operate the facility for about 20 years before transferring it to PAD.…

Cameroon has awarded a CFA47.5 million contract to establish how much was spent and how much work was completed under the original Bini à Warak hydropower project. The audit will give the government a consolidated technical and financial picture before it proceeds with a new development plan for the project. Water and Energy Minister Gaston Eloundou Essomba awarded the contract to the Brainstorm Consulting SARL/Moore Stephen CA/Labogext consortium on September 11, 2026. The technical and financial audit must be completed within three months. The consultants will examine work completed since the project was initially awarded to China’s Sinohydro Corporation Limited in 2013.…

Two deadlines are looming for Iraq at the end of the month: the end of a decades-long US military presence and the disarmament of non-state armed groups.

Deaths of eight women have led to a backlash against government’s response to endemic violence

Nigeria’s economy is already broad, and its exports are shifting. But diverse is not the same as diversified, and for anyone deploying capital the difference is where both the risk and the opportunity sit.

Jupiter Power has closed $1.4 billion across four financing transactions to support 10 utility-scale battery energy storage projects totaling 1,500 MW / 3,600 MWh in Texas and Michigan. The transactions, which closed between April and July 2026, include senior secured project debt, tax equity bridge loans and an investment-grade U.S. private placement. The latest financing […]

Anthropic CEO Dario Amodei is pushing to halt AI development long enough for safety research and governance to catch up In his September 2026 essay , “We Must Pace the Frontier,” Anthropic CEO Dario Amodei argues that AI capabilities are advancing faster than society’s ability to understand, evaluate and control increasingly powerful systems. His proposal is not to halt AI development, but to slow the pace of capability gains long enough for safety research and governance to catch up. Amodei points to the potential for recursive self-improvement and increasingly autonomous AI agents, warning that unchecked progress could eventually outrun humanity’s ability to control these systems.…

On September 15, the dinner banquet on the 200 years of the establishment of Ministry of Foreign Affairs of Egypt was held at the Ambassador’s residence, and from the Japanese side, MOFA officials, State Minister of Economy, Trade and Industry, Mr. YAMADA Kenji as the Director General of the Japan-Egypt Friendship Parliamentary Association and others attended the celebration. In his opening remarks, H.E. Mr.…

Authorities are offering a 400,000-rand reward for information that could lead to arrests as the investigation continues.