African markets and business updates

The SAMENA Telecommunications Council – the industry body representing the telecoms sectors in South Asia, the Middle East and North Africa – has called for stronger practical cooperation between the Arab region and Africa to invest and implement AI.

Pan-African telecoms firm Africell confirmed on Friday it has secured a US$99.6 million direct loan from the US Export-Import Bank (ExIm) primarily to enable the American-owned company to buy only US and European mobile network equipment.

Manufacturing companies across sectors listed on the Nigerian Exchange Limited, NGX, entered the second quarter of 2026 with combined inventories (unsold goods) of about N1.77 trillion, even as their cost of sales rose to N1.43 trillion, highlighting the growing financial pressures confronting businesses and consumers.

South Africa-based Digital Parks Africa (DPA) says it’s expanding into West Africa with plans to develop a new carrier-neutral data centre in Nigeria in association with the Master Power Technologies Group.

APSEZ has emerged as the highest bidder and received the Letter of Award for the development and operation of two dry bulk berths at Paradip Port in Odisha, adding 18 million metric tonnes of new capacity and bringing APSEZ’s total portfolio to 671 MMTPA. The concession advances the company’s target of reaching 1 billion tonnes […] APSEZ has emerged as the highest bidder and received the Letter of Award for the development and operation of two dry bulk berths at Paradip Port in Odisha, adding 18 million metric tonnes of new capacity and bringing APSEZ’s total portfolio to 671 MMTPA. The concession advances the company’s target of reaching 1 billion tonnes of annual cargo throughput by 2030.…

Summary of FGN Bond Auction Results for September, 2026

Summary of FGN Bond Auction Results for September, 2026

Houthi drones and missiles struck Saudi Aramco’s Jazan refinery and its adjoining tank farms for the second time this year, forcing the plant offline and igniting fires visible from orbit. Houthi drones and missiles struck Saudi Aramco’s Jazan refinery and its adjoining tank farms for the second time this year, forcing the plant offline and igniting fires visible from orbit. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don't have an account? Register

Nigeria’s 2027 presidential race will feature a mix of experienced politicians, former office holders, activists and a smaller but notable group of younger contenders seeking to break into the country’s highest political office.The Independent National Electoral Commission (INEC), in its final list of presidential and vice-presidential candidates released on September 12, 2026, listed 18 candidates […]

Nigeria maintained compliance with its Organization of the Petroleum Exporting Countries (OPEC) production quota for the fourth consecutive month in August 2026, as crude oil output recorded a modest increase compared to the previous month.