African markets and business updates

A $219 million construction loan has cleared the way for the conversion of lower floors at 100 Wall Street in Manhattan’s Financial District into 168 residential rental apartments. Northwind Group provided the first mortgage construction financing for the 29-story, 463,000-square-foot office building. The loan replaces existing property debt and funds the next phase of the […]

Container shipping measures performance obsessively at the ocean and the terminal: vessel schedules, berth waiting times, freight indexes, and port throughput. For good reason, those are the stages where the industry has spent decades building standardization, and where a single carrier or terminal operator can move the needle for thousands of shipments at once. Every […] Container shipping measures performance obsessively at the ocean and the terminal: vessel schedules, berth waiting times, freight indexes, and port throughput.…

Investors poured a whopping N1.5 trillion into the Dangote Petroleum Refinery and Petrochemicals (DPRP) Initial Public Offering (IPO) within first hour after the offer opened on Monday, September 14, 2026, on the Nigerian Exchange (NGX), signalling strong institutional and retail demand for what is set to become Africa's largest public share offer.

The launch makes Lebara the second MVNO to begin commercial service under Nigeria’s 2022 regulatory framework, after Vitel Wireless launched in October 2025. Lebara Nigeria, the local subsidiary of London-based mobile virtual network operator Lebara Group, has begun commercial operations, becoming the newest player in the country’s crowded mobile market. Lebara is entering a market dominated by MTN Nigeria, Airtel Nigeria, Globacom and 9mobile, which own the networks and distribution infrastructure that connect most Nigerians.…

President Bola Tinubu on Monday directed the timely release of funds due to the Regional Development Commissions, amounting to about N1.3 trillion in statutory transfers, according to the 2026 Appropriation Act.

A four-month vocational training program has been provided to 480 students in Barentu sub-zone. The training covered basic computer applications, first aid, beauty salon services, painting, drama, and cosmetics. Speaking at the closing ceremony on 10 September, Mr. Furtunato Mohammed-Saleh, head of the National Union of Eritrean Youth and Students in Barentu sub-zone, noted that acquiring skills at a young age can have a significant influence on later life. He commended the students for the interest they demonstrated throughout the program. Noting that awareness and organization are key to success, Mr.…

Cavotec and EVIAS have signed an exclusive global distribution agreement for automatic charging technology aimed at electric vehicles operating inside ports. Under the agreement, Cavotec will distribute and install EVIAS technology for the port sector worldwide. The system can charge electric terminal vehicles while they are moving or waiting for containers, reducing the need to […] Cavotec and EVIAS have signed an exclusive global distribution agreement for automatic charging technology aimed at electric vehicles operating inside ports. Under the agreement, Cavotec will distribute and install EVIAS technology for the port sector worldwide.…

From Nigeria’s landmark refinery share offering to mourning in the Democratic Republic of Congo and efforts to improve inclusion in Côte d’Ivoire, here are the main stories from Africa.

Al-Dia’e Junior and Secondary School and Awate Elementary and Junior School have recognized outstanding students who achieved high marks in the national school leaving and eighth-grade national examinations for the 2025/2026 academic year. At the recognition ceremony held on 13 September at Al-Dia’e School in Akria sub-zone, Mr. Sahle Abraham, director of the school, said that 11 students scored above 90 points in the eighth-grade national examination and 17 students attained GPAs ranging from 3.0 to 4.0 in the national school leaving examination. Likewise, Awate Elementary and Junior School recognized outstanding students who scored above 90 points in the eighth-grade national examination.…

The company said its refining operations require a continuous and reliable supply of crude oil, noting that any interruption, delay or reduction in availability could affect its ability to operate efficiently.