African markets and business updates

By Rosemary Iwunze Following the successful completion of its recapitalisation, Mutual Benefits is positioning for sustainable growth while strengthening its role as a trusted protection partner to Nigerians. The company, in a statement, noted that for more than 30 years, it has built its reputation on a simple promise: being there for Nigerians when protection […]

Africa’s richest man, Aliko Dangote, hailed Monday’s share sale of his Nigerian oil refinery as an opportunity to create value for millions of people across Africa.

Drone strikes launched from Iraqi soil shut Saudi Arabia’s Hormuz-bypass pipeline, forcing Baghdad into a containment posture that exposes the limits of its own corridor ambitions.

Victoria International Container Terminal (VICT) has officially started its Phase 3B expansion at the Port of Melbourne, with the project expected to increase terminal capacity by approximately 18%. Melbourne’s VICT proceeds with expansion project VICT, a wholly owned subsidiary of International Container Terminal Services, Inc. (ICTSI), announced the start of the expansion following a ceremony […] Victoria International Container Terminal (VICT) has officially started its Phase 3B expansion at the Port of Melbourne, with the project expected to increase terminal capacity by approximately 18%.…

Maersk will introduce a planned winter blank sailing programme on its Canada Atlantic Express service from October 2026. The carrier will suspend one sailing every fifth week during the winter months. Maersk said the programme aims to reduce the impact of severe North Atlantic weather on schedule reliability. Canada Atlantic Express winter schedule Vessel HH […] Maersk will introduce a planned winter blank sailing programme on its Canada Atlantic Express service from October 2026. The carrier will suspend one sailing every fifth week during the winter months. Maersk said the programme aims to reduce the impact of severe North Atlantic weather on schedule reliability.…

By Rosemary Iwunze Cornerstone Insurance Plc has unveiled key elements of its transformation agenda, “Cornerstone 3.0,” aimed at strengthening its operations, enhancing customer experience and positioning the company for sustainable growth. The agenda was a major focus at the company’s 2026 Brokers’ Business Lunch, recently held in Lagos, with brokers, stakeholders and members of Cornerstone’s […]

By Rosemary Iwunze Cornerstone Insurance Plc has partnered with the Africa Film Finance, Insurance & Risk Management Framework (AFFIRM), an initiative focused on improving risk management and access to funding for Nigeria’s creative film industry. The partnership brings together Cornerstone, film producers, financial institutions, completion partners and other industry stakeholders to create a more structured […]

ID Logistics is expanding its Benelux network with a new 53,000 sqm logistics facility in Tiel, the Netherlands. Developed with Heembouw, the site is scheduled to become operational in October 2027. The facility is located along the A15 motorway and close to the Port of Rotterdam. New capacity in the Netherlands The development will provide […] ID Logistics is expanding its Benelux network with a new 53,000 sqm logistics facility in Tiel, the Netherlands . Developed with Heembouw, the site is scheduled to become operational in October 2027 . The facility is located along the A15 motorway and close to the Port of Rotterdam.…

Port Houston’s proposed Barbours Cut Northside Expansion has entered the federal environmental review stage, moving the port authority closer to building a major new container terminal on Spilman Island in Galveston Bay. On Sept. 2, 2026, the U.S. Army Corps of Engineers, Galveston District, published a public notice (SWG-2025-00640) opening the scoping process for an […]

Construction has begun on the $669 million Delaware Container Terminal (DCT) at the former Edgemoor industrial site in Wilmington, Delaware, marking the start of a major expansion of the state’s container-handling infrastructure. Enstructure and the Diamond State Port Corporation (DSPC) held the groundbreaking on September 14, 2026. The project is being developed through a public-private […]