African markets and business updates

The President/Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has attributed the high price of petrol in Nigeria mostly to the continuous smuggling of the commodity to neighbouring countries where it sells for much more despite the surge in prices in Nigeria.

Korean Register (KR), HD Hyundai Heavy Industries (HD HHI), BAR Technologies and the Liberian Registry have joined forces to explore wind-assisted propulsion for a 174K LNG carrier. The partners signed a Memorandum of Understanding (MoU) at Gastech 2026 in Bangkok. The project will assess the technical feasibility and safety of installing BAR Technologies’ WindWings on […] Korean Register (KR), HD Hyundai Heavy Industries (HD HHI), BAR Technologies and the Liberian Registry have joined forces to explore wind-assisted propulsion for a 174K LNG carrier . The partners signed a Memorandum of Understanding (MoU) at Gastech 2026 in Bangkok.…

President Donald Trump dismissed the report and its concerns over supplies, insisting US ammunition stocks are “virtually unlimited”.

TMEIC Corporation Americas has opened a new 280,000-square-foot manufacturing facility in Waller County, Texas, expanding U.S. production of power electronics used by data centers, industrial facilities and energy infrastructure. The Twinwood facility is TMEIC’s third American manufacturing plant and its largest and most advanced manufacturing facility among the company’s 13 global locations. The facility represents […]

Nigeria’s headline inflation rate eased marginally to 15.39% in August 2026, from 15.43% in July, according to the National Bureau of Statistics (NBS).

ClassNK has issued Approval in Principle (AiP) for a 42,000 m³ liquefied CO₂ carrier jointly developed by six Japanese maritime companies. “K” LINE, MOL, Nihon Shipyard, NYK Line, MILES and Mitsubishi Shipbuilding developed the vessel concept, with the approval presented at Gastech 2026 in Bangkok. New carrier designed for CCS projects The vessel is intended […] ClassNK has issued Approval in Principle (AiP) for a 42,000 m³ liquefied CO₂ carrier jointly developed by six Japanese maritime companies. “K” LINE, MOL, Nihon Shipyard, NYK Line, MILES and Mitsubishi Shipbuilding developed the vessel concept, with the approval presented at Gastech 2026 in Bangkok.…

Hitachi Energy will invest $528 million to build a new transformer manufacturing facility in Gallman, Mississippi, expanding U.S. production of equipment needed to support a rapidly growing electricity system. The project marks the company’s largest single investment in the United States to date. It will also anchor Hitachi Energy’s approximately $1.5 billion U.S. manufacturing expansion […]

The furious debate over artificial intelligence has hardened into warring camps -- and a cautious middle.

The ruling could unwind one of Kenya’s biggest corporate transactions and force the government to return a stake it had already sold as part of a wider plan to raise money from state assets. Kenya’s High Court has voided Vodacom Group’s purchase of a 15% government s take in the country’s largest telco, Safaricom , putting a KES 204.3 billion ($1.58 billion) deal at risk less than three months after it closed. The ruling could unwind one of Kenya’s biggest corporate transactions and force the government to return a stake it had already sold as part of a wider plan to raise money from state assets.…

The Independent National Electoral Commission (INEC) has integrated the National Identification Number (NIN) into its voter registration process to audit, verify and clean the national voter register ahead of the 2027 general elections.