African markets and business updates
Latest headlines from African markets, companies, and business sources.
Grant of Mining Lease accelerates Victory Metals’ rare earth ambitions
Grant of Mining Lease accelerates Victory Metals’ rare earth ambitions
Victory Metals Ltd. is pleased to announce the grant of a Mining Lease for its North Stanmore Heavy Rare Earth Project, a significant step in the path towards commercialisation. Mining Lease M20/564, covering almost 2006 hectares, was granted by the Western Australian Department of Mines, Petroleum and Exploration on 11 September 2026. The grant represents …
👨🏿🚀TechCabal Daily – Kenya’s big bank theory
👨🏿🚀TechCabal Daily – Kenya’s big bank theory
In today's edition: Uber defends UberX decision in SA || ‘Too important to fail’ || Bidvest suffers attack || Carrefour’s Kenya moment In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. Take a moment to say a prayer for African media businesses. The fight against automation is ultimately one many won’t be able to resist. Caxton Group , a South African newspaper group, recently told shareholders that it is piloting AI for copy-editing as revenue declines. Speaking of things happening in media, we’re also looking to hear from people who made meaningful connections at Moonshot.…
Pilot Crushtec uses decades of experience to de risk crushing and screening projects
Pilot Crushtec uses decades of experience to de risk crushing and screening projects
For many mining and quarrying projects, the temptation is to rush from concept to equipment selection, with front-end engineering design (FEED) treated as a formality. Crushing and screening specialist Pilot Crushtec takes the opposite view. Drawing on decades of experience in Africa, the company has made proper FEED studies the cornerstone of its project approach. …
How Togo’s Nihtael Dynasty is helping musicians build more sustainable careers
How Togo’s Nihtael Dynasty is helping musicians build more sustainable careers
Nodjigno Pierre Yao Nihtael is well-known in the Togolese music scene, with his Façonné Music label having contributed to the digital distribution of music by more than 50 artists, including Togo Joachin Migos, SCENARIO and IROK. But though Façonné Music serves as the main platform for Nihtael’s activities in the music sector, he is now [...] Nodjigno Pierre Yao Nihtael is well-known in the Togolese music scene, with his Façonné Music label having contributed to the digital distribution of music by more than 50 artists, including Togo Joachin Migos, SCENARIO and IROK.…
Uganda buries King Oyo as death sparks succession row
Uganda buries King Oyo as death sparks succession row
Thousands of people gathered in western Uganda on Saturday to pay their final respects to King Oyo. Oyo died last month at the age of 34, unmarried and without an official heir. Now a fight is underway over who will succeed him, pitting the royal clan against his closest relatives.
Cameroon’s $660,000 Presidential Helicopter Payment Caught in Qatar Liquidation
Cameroon’s $660,000 Presidential Helicopter Payment Caught in Qatar Liquidation
Cameroon is trying to recover $660,000 about CFA355 million allegedly paid in 2018 to complete repairs on a helicopter intended for the president, but its attempt to reclaim the money from the liquidation of a Qatari company has yet to clear a key procedural hurdle. The claim, filed on Cameroon’s behalf with the Civil and Commercial Court of the Qatar Financial Centre on January 21, 2025, concerns funds in the liquidation of Horizon Crescent Wealth LLC, or HCW. According to the filing, Cameroon had contracted with an HCW subsidiary to repair the helicopter. In January 2018, it allegedly paid $660,000 to settle the remaining amount and allow the work to be completed.…
Nofia Raises Capital Nearly Sevenfold to CFA8.2 Billion, Exits Regulatory Administration
Nofia Raises Capital Nearly Sevenfold to CFA8.2 Billion, Exits Regulatory Administration
Nouvelle Financière Africaine (Nofia SA) has exited provisional administration after a CFA7 billion capital increase strengthened its financial base and brought Cameroon Business and Trade (CBT) SA in as majority shareholder. The Douala-based microfinance institution announced on September 11, 2026, that the Central African Banking Commission (Cobac) had ended the measure imposed in June 2025. Nofia said its share capital rose from CFA1.2 billion to CFA8.2 billion, an increase of 583.3%. The recapitalization multiplied its capital by 6.8 and formed a key part of efforts to restore the institution to normal operations.…
Stock market losses N1.9trn to profit-taking
Stock market losses N1.9trn to profit-taking
•Analysts finger Dangote Refinery IPO By Peter Egwuatu The Nigerian equities market reversed bullish trend last week, as N1.9 trillion was lost to widespread profit-taking across major stocks. The market was bullish penultimate week, as investors gained N3.73 trillion on the Nigerian Exchange Limited, NGX. However, last week’s trading was characterised by heavy selling pressure […]