African markets and business updates
Latest headlines from African markets, companies, and business sources.
Panama Canal warns of strengthening El Niño threat to water levels
Panama Canal warns of strengthening El Niño threat to water levels
The Panama Canal is closely monitoring a strengthening El Niño event that could affect rainfall and water availability across its watershed. Experts from the Panama Canal, Smithsonian Tropical Research Institute (STRI) and Panama’s Institute of Meteorology and Hydrology (IMHPA) discussed the latest conditions and their potential impact on the country. Strong El Niño could bring […] The Panama Canal is closely monitoring a strengthening El Niño event that could affect rainfall and water availability across its watershed.…
Dangote unveils N2.15 trillion IPO, says offer to democratise wealth creation
Dangote unveils N2.15 trillion IPO, says offer to democratise wealth creation
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Ltd., says the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals (FZE) will democratise wealth creation for ordinary Nigerians and investors globally.
Dangote’s networth hits $51.3 billion as Refinery IPO opens
Dangote’s networth hits $51.3 billion as Refinery IPO opens
Africa’s richest man, Aliko Dangote, saw his fortune valued at $51.3 billion by Forbes on Monday, September 14, 2026
MacGregor wins equipment orders for four research vessels
MacGregor wins equipment orders for four research vessels
MacGregor has secured orders to supply deck cranes, handling equipment and deck machinery for four new oceanographic research vessels. Two vessels will be built in Spain for Germany’s Federal Maritime and Hydrographic Agency (BSH). The other two will be constructed in India for the Geological Survey of India (GSI). Four research vessels in Spain and […] MacGregor has secured orders to supply deck cranes, handling equipment and deck machinery for four new oceanographic research vessels . Two vessels will be built in Spain for Germany’s Federal Maritime and Hydrographic Agency (BSH). The other two will be constructed in India for the Geological Survey of India (GSI).…
DRC: Children killed in Bukavu school fire laid to rest
DRC: Children killed in Bukavu school fire laid to rest
Victims of a deadly fire and stampede at a school in Bukavu, in the east of the Democratic Republic of Congo, have been laid to rest. Relatives and members of the Rwanda-backed M23 armed group gathered to pay tribute.
Nigeria’s oil output rises 0.4% in August
Nigeria’s oil output rises 0.4% in August
The Nigeria Upstream Petroleum Regulatory Commission disclosed this in its crude oil and condensate statistics report released on Sunday.
Fake agency: FG mandates MDAs to submit establishment acts for 2027 budget proposal approval
Fake agency: FG mandates MDAs to submit establishment acts for 2027 budget proposal approval
The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to submit their establishment Acts alongside their 2027 personnel budget proposals, as it moves to prevent unestablished agencies from gaining entry into the federal budget.
Dangote Refinery IPO: My take
Dangote Refinery IPO: My take
The Dangote Refinery IPO is officially here, with the offer opening today, September 14, 2026. Tagged “The IPO of the People,” the shares are being offered at N525 per share through an offer for subscription. This is important because it means the money being raised is going directly into the company rather than to existing […]
Black Sea: The corridor war is no longer bilateral
Black Sea: The corridor war is no longer bilateral
Odesa and Taganrog strikes confirm a fully symmetric denial regime and its blast radius is starting to reach coastlines that never chose a side. For two years, the Black Sea’s commercial war ran on an asymmetry: Russia struck Ukrainian ports, Ukraine struck Russian terminals, each side treating the other’s shipping as the target. Odesa and Taganrog strikes confirm a fully symmetric denial regime and its blast radius is starting to reach coastlines that never chose a side. For two years, the Black Sea’s commercial war ran on an asymmetry: Russia struck Ukrainian ports, Ukraine struck Russian terminals, each side treating the other’s shipping as the target.…
Threads of fragility: Moroccan artist transforms Tangier museum
Threads of fragility: Moroccan artist transforms Tangier museum
The exhibition, "To be Hanging by a Thread", delves into themes of migration, displacement, and identity.