African markets and business updates

The Rathrush Green Energy Project in Carlow represents a €2 billion long-duration energy storage development designed to strengthen Ireland’s electricity system. Net Zero Energy (NZE) is developing the facility near Tullow in the Rathoe area to convert surplus renewable electricity into stored hydrogen. The project uses hydrolysis to separate hydrogen from wastewater using excess wind […]

Kuehne+Nagel has expanded its own-controlled air freight network by adding Frankfurt to its Inspire aircraft rotation. The move strengthens connections between North America, Europe and Asia. It also improves support for pharmaceutical and other time-sensitive cargo shipments. The first Inspire flight arrived in Frankfurt as part of the expanded network. Frankfurt is Europe’s largest air cargo hub.…

WhatsApp said it has shut down a sophisticated spyware campaign that targeted users on its platform, attributing the attack to NSO Group, the Israeli firm behind the controversial Pegasus surveillance software.

FCMB Group Plc has announced that it will pay a final dividend of 35 kobo per 50 kobo ordinary share to its shareholders on Tuesday, June 30, 2026.

The Eugenides Foundation hosted a high-level event at Posidonia 2026 focused on the training and upskilling of the next generation of seafarers, bringing together leading figures from international maritime education and industry. The event, titled “Skilling and Upskilling the NextGen Seafarers: Eugenides Foundation Advances into the International Education Ecosystem”, drew on the Foundation’s 70 years of experience in education and skills development in Greece.…

Experts have linked the market slowdown in the first week of June to the newly-launched T+1 settlement cycle.

Gulf energy projects activity continues to gain momentum across the Middle East after three engineering, procurement and construction contracts worth more than $500 million were awarded to Target Engineering Construction Company. The projects span the oil and gas sector in the Gulf region and will strengthen energy infrastructure capacity while creating substantial opportunities for suppliers, […]

Nigeria’s money market is set for a major liquidity boost this week as approximately N2.09 trillion in Open Market Operations (OMO) maturities and N464.60 billion in maturing Nigerian Treasury Bills (NTBs) flow back into the banking system, creating fresh refinancing and liquidity management challenges for the Central Bank of Nigeria (CBN).

Fintech company Moniepoint said it aims to address Nigeria’s growing digital talent shortage with its DreamDevs Bootcamp, a software engineering training programme aimed at strengthening the country’s technology workforce.

The Economic and Financial Crimes Commission (EFCC) has arraigned a couple, Olorunbukunmi Taiwo and Awolegan Omolola Omotola, over an alleged N1.09 billion fraud involving a widow who was reportedly deceived into financing a purported road construction contract.