African markets and business updates

Madica, a structured investment programme for pre-seed African startups, has announced five new investments, expanding its portfolio into Algeria and Cameroon for the first time, while strengthening its presence across Africa. Launched in 2022, Madica is an Africa-focused pre-seed investment programme empowering underrepresented and underfunded mission-driven founders on the continent. The sector-agnostic platform, affiliated with [...] Madica, a structured investment programme for pre-seed African startups, has announced five new investments, expanding its portfolio into Algeria and Cameroon for the first time, while strengthening its presence across Africa.…

Nigeria’s foreign exchange reserves have climbed above the $54 billion mark, strengthening the country’s external position and providing additional buffers for the Central Bank of Nigeria (CBN) to manage pressure in the foreign exchange market.

Egypt’s president Abdel Fattah al-Sissi welcomed Saudi Arabia’s Crown Prince Mohammed bin Salman to Cairo on Tuesday for talks on regional security.

Peel Ports Group has appointed Jamie Strain as Port Director for its Scottish operations. Strain will lead the Peel Ports Clydeport business, overseeing the Port of Greenock, Hunterston PARC, King George V Dock in Glasgow and Inchgreen Marine Park. He replaces Jim McSporran, who is set to retire later this month. Strain joins from Amazon […] Peel Ports Group has appointed Jamie Strain as Port Director for its Scottish operations. Strain will lead the Peel Ports Clydeport business, overseeing the Port of Greenock, Hunterston PARC, King George V Dock in Glasgow and Inchgreen Marine Park. He replaces Jim McSporran, who is set to retire later this month.…

The Naira yesterday appreciated to N1,380 per dollar from N1,390 in the parallel market on Monday.

Lloyd’s Register (LR) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) are advancing two technologies aimed at improving the efficiency and operation of future LNG carriers. The developments cover AI-powered machinery optimisation and hybrid electric propulsion, with both projects presented at Gastech 2026 in Bangkok. One project involves HD KSOE’s VesselWise technology, while the […] Lloyd’s Register (LR) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) are advancing two technologies aimed at improving the efficiency and operation of future LNG carriers.…

Jiangnan Shipyard has received Approval in Principle (AiP) from Bureau Veritas for a new electric-propelled Very Large Ammonia Carrier (VLAC). The vessel concept combines ammonia-fueled power generation with batteries, fuel cells and wind-assisted propulsion. Jiangnan Shipyard, a subsidiary of China State Shipbuilding Corporation (CSSC), developed the design in-house. VLAC combines three power sources The vessel […] Jiangnan Shipyard has received Approval in Principle (AiP) from Bureau Veritas for a new electric-propelled Very Large Ammonia Carrier (VLAC). The vessel concept combines ammonia-fueled power generation with batteries, fuel cells and wind-assisted propulsion.…

Griffin Museum of Science and Industry is planning a new above-ground Welcome Hall at its historic North Portico in Chicago, creating a more accessible entrance while preserving the landmark building’s historic architecture. The project will replace the museum’s current multi-level arrival sequence with a more direct route from the North Portico into the museum’s main […]

Pearl Harbor Aviation Museum has officially broken ground on the transformation of historic Hangar 79 on Ford Island, launching the first major construction phase of a campus-wide master plan. The project will convert the 80,000-square-foot World War II industrial facility into modern exhibit and educational spaces while preserving its original architectural character. Construction is scheduled […]

KLN Logistics Group and SATS have signed a Memorandum of Understanding (MoU) to develop temperature-controlled and time-critical logistics solutions. The partnership will initially focus on Singapore before potentially expanding across the companies’ networks in Asia, Europe and the Americas. Singapore to serve as first station The agreement brings together KLN’s freight forwarding and logistics operations […] KLN Logistics Group and SATS have signed a Memorandum of Understanding (MoU) to develop temperature-controlled and time-critical logistics solutions .…