African markets and business updates

By Efe Onodjae Lagos ports handled an estimated N35.07 trillion, or about 84.6 per cent, of Nigeria’s N41.44 trillion total merchandise trade in the second quarter of 2026, Q2’26, underscoring the overwhelming dominance of the nation’s commercial capital as the country’s principal trade gateway. The latest Foreign Trade in Goods Statistics released by the National […] By Efe Onodjae Lagos ports handled an estimated N35.07 trillion, or about 84.6 per cent, of Nigeria’s N41.44 trillion total merchandise trade in the second quarter of 2026, Q2’26, underscoring the overwhelming dominance of the nation’s commercial capital as the country’s principal trade gateway.…

The president of Cape Verde, Jose Maria Neves, says he’ll run for a second five-year term in the country’s November elections. Making the announcement on Monday, Neves said he wants to continue to champion the causes he’s pursued which cannot be circumscribed to one election cycle.

…accuses NASS of oversight failure By Emma Ujah The Centre for Social Justice (CSJ) has urged the Federal Government (FG) to immediately commence the implementation of the 2026 Capital Budget, warning that continued delays violate the provisions of the Constitution, the Fiscal Responsibility Act and the Appropriation Act. The demand was contained in an open […]

By Folarin Kehinde, Abuja The Federal Government (FG) has signed the N728.979 billion Series-2 bond under its N4 trillion Power Sector Debt Reduction Programme, in a fresh move to settle verified legacy debts owed to electricity generation companies and restore liquidity to Nigeria’s power sector. The transaction comprises N402 billion in cash bonds raised from […]

At least two people were killed and several others injured in Israeli strikes across Gaza on Monday, 14 September, according to hospital and health officials.

Egyptian AI company Synapse Analytics has raised US$13 million in Series A funding to scale its team, accelerate product development and expand international market reach. Founded in 2018 by Ahmed Abaza and Galal Elbeshbishy, Synapse Analytics is an agentic decisioning platform that allows regulated financial institutions to own and control their decisioning outright. Its unified, [...] Egyptian AI company Synapse Analytics has raised US$13 million in Series A funding to scale its team, accelerate product development and expand international market reach.…

Egyptian AI company Synapse Analytics has raised US$13 million in Series A funding to scale its team, accelerate product development and expand international market reach. Founded in 2018 by Ahmed Abaza and Galal Elbeshbishy, Synapse Analytics is an agentic decisioning platform that allows regulated financial institutions to own and control their decisioning outright. Its unified, [...]

Hapag-Lloyd will increase ocean tariff rates from Europe to South-East India, Sri Lanka and Bangladesh. The revised rates will apply to sailings starting on 1 October 2026. New tariff levels For 20-foot dry containers from South Europe, Hapag-Lloyd will apply the following rates: Destination Current rate New rate Increase Ennore US$877 US$977 US$100 Chittagong US$1,625 […]

Serbia’s university students formally entered the election race on Monday, 14 September, challenging President Aleksandar Vučić and his ruling party ahead of the 25 October early parliamentary vote.

In today's edition: Dangote Refinery’s IPO proves too hot to handle || Twiga Foods enters administration || Egypt's Beltone VC eyes LNKO exit || Spiro and Yadea partner to co-build e-bikes In partnership with Lire en Français اقرأ هذا باللغة العربية Wazzup. Terra Industries is having quite the year. The Nigerian defence-tech company, which has raised $52 million this year, has secured another $1 million contract , this time to provide autonomous surveillance and site protection for a gold, lithium, copper and nickel project in Kaduna. The deal comes less than two weeks after Terra announced $2 million in contracts to secure two Nigerian lithium mining operations.…