African markets and business updates

The Office of the Auditor General (OAG) can only audit 4,500 out of 16,000 entities that fall within its mandate because of resource constraints, MPs have been told. The revelation was made during a meeting with officials from the OAG and MPs on the Budget Committee chaired by Hon. Amos Kankunda, on Tuesday, 15 September 2026. During the meeting, Assistant Auditor General, James Bantu, calmed the committee members, with assurances that they audit recoverable costs claimed by oil companies, amid concerns that the US$3.1 billion in claimed costs could significantly reduce Uganda’s future petroleum revenues.…

A woman’s body was found on Tuesday in the same area east of Johannesburg in South Africa where the discovery of several other victims in the past two months has sparked fear of a potential serial killer at large and led to a public warning by the police.

BuuPass has partnered with SafariBucks to let travellers pay for transport across African markets without switching between currencies or payment methods. BuuPass, the Kenyan travel-booking startup, is adding cross-border payments to its platform through a partnership with Nairobi-based digital wallet SafariBucks, as it expands beyond ticketing into corporate and regional travel. The partnership will let travellers use SafariBucks to pay for BuuPass buses, flights and transfers, with transactions settled through local payment rails.…

APM Terminals Apapa will introduce 24-hour barge operations at its dedicated Finger Jetty in the fourth quarter of 2026. The Nigerian container terminal is also targeting a major increase in rail use, with an ambition to move 60% of its export containers by rail. The initiatives are aimed at improving cargo flows and reducing bottlenecks […] APM Terminals Apapa will introduce 24-hour barge operations at its dedicated Finger Jetty in the fourth quarter of 2026. The Nigerian container terminal is also targeting a major increase in rail use, with an ambition to move 60% of its export containers by rail .…

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AiWB, an AI-powered construction technology platform developed by Wan Bridge, today announced the start of development on Cadia Grand Court, a new 144-home build-to-rent community in Richmond, Texas. This project joins other residential community projects such as the one in Wolf Ranch that are coming up in Texas. What is AiWB Cadia Grand Court serves […]

A judicial commission set up by South Africa's president to investigate explosive claims by a top cop linking politicians to criminal gangs began its public hearings on Wednesday, weeks after a delayed start.

The inflation rate declined slightly in August, while food inflation recorded a sharp slowdown after rising significantly in July.

Fitch Ratings has raised concerns over Nigeria’s use of Total Return Swaps (TRS) and repo transactions as alternative financing tools, warning that the structures could create transparency, liquidity, and creditor-recovery risks despite helping governments diversify funding sources.

Nigerian banking stocks have rallied strongly in 2026, adding more than N11 trillion in market value in less than nine months.