African markets and business updates

MTN Nigeria has emerged as the dominant player in Nigeria’s fibre internet market, but its growing lead masks a bigger problem: fixed broadband remains a tiny part of the country’s internet market. MTN Nigeria has emerged as the dominant player in Nigeria’s fibre internet market, but its growing lead masks a bigger problem: fixed broadband remains a tiny part of the country’s internet market. Data from the Nigerian Communications Commission (NCC) for June 2026 shows MTN had 176,468 Fibre-To-The-x (FTTx) subscribers, customers connected to the internet through fibre cables that run directly to homes, offices, or buildings. That gave MTN 55.2% of Nigeria’s 319,735 FTTx connections.…

At the recent September 9 auction, total investor demand reached ₦2.64 trillion ($1.99 billion). The Debt Management Office (DMO) ultimately allotted ₦1.05 trillion ($792.8 million)—more than double its initial planned offer—with 364-day bills accounting for 91% of total subscription volume. This is Follow the Money , our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. Leaving ₦100,000 ($75.5) idle in a commercial bank account might feel safe, but with inflation eroding the purchasing power of cash , more Nigerians are seeking higher-yielding alternatives.…

Some 75,000 people with hearing loss live in Ivory Coast. For many of them, daily tasks that often require speaking and hearing are incredibly difficult to navigate. Israël Mansaré, a psychologist and interpreter, has decided to become their voice and ears.

With longer routes potentially increasing costs and delays, disruptions could eventually affect prices and supplies in Somali markets.

“By doing so, because the company will be very, very large, we will be having 10 per cent of the total America’s capacity,” Mr Dangote added.

Nigeria is stepping up efforts to accelerate cloud adoption and strengthen its digital infrastructure with a comprehensive policy package to promote data sovereignty, improve security, and attract large-scale investment. Introduced by the National Information Technology Development Agency (NITDA), the initiative brings together four interconnected frameworks designed to create a secure, resilient, and standardized cloud ecosystem […]

The Economic and Financial Crimes Commission (EFCC) has warned Nigerian lawyers against charging clients in foreign currencies, describing the practice as illegal and unethical.

TrustBanc Capital Management Limited has reported overwhelming expressions of interest from people across Africa in the Dangote Refinery Initial Public Offering (IPO), following its investor sensitisation and awareness sessions.According to the Managing Director, TrustBanc Capital Management, Ayinde Akinsola, FCS, the response reflects growing interest in owning a stake in Africa’s industrial development and the importance […]

African digital infrastructure convener, Hyperscalers Convergence Africa (HCA) ( ) 2026 concluded with a clear action agenda for accelerating Africa’s digital infrastructure development. The conference also honoured twelve pioneers whose work helped shape the continent’s digital economy and recognised 100 women leading innovation across telecommunications, cloud, data centres, policy, finance and technology. Held under the theme “Africa’s Great Digital Buildout ( ),” the third edition brought together policymakers, regulators, investors, development finance institutions, technology companies, infrastructure operators and enterprise leaders from across the continent.…

At least two people were killed and 13 others wounded on Sunday, 13 September, when an Israeli airstrike hit a car in Gaza City's Tel al-Hawa neighbourhood, according to local medical sources cited by news agencies. Israel said the strike targeted two Hamas engineers involved in weapons production.