African markets and business updates

By Yinka Kolawole & Adaobi AbimbolaThe Lagos Chamber of Commerce and Industry (LCCI) has called for the development of a digitally intelligent tourism ecosystem in Nigeria, urging the government and private sector to leverage artificial intelligence (AI), digital infrastructure and data-driven solutions to unlock the sector’s economic potential.President of LCCI, Engr.…

Cameroon’s Ministry of Small and Medium-Sized Enterprises, Social Economy and Handicrafts (MINPMEESA) on September 25 invited local businesses to explore financing opportunities under the U.S.-Africa Strategic Investment Program, a $500 million initiative focused partly on critical minerals and commercial investment in sub-Saharan Africa. The U.S. Department of State launched the program in July. According to the official grant notice, about 10 awards are expected, ranging from $5 million to $50 million each. The initiative has two main focus areas: Critical Minerals Investment and Commercial Diplomacy Acceleration.…

Amtrak and NJ TRANSIT will begin the final major construction phase of the $1.56 billion Portal North Bridge on October 9, moving the project closer to replacing the century-old rail crossing over New Jersey’s Hackensack River. Crews will transfer the final track from the existing Portal Bridge to the new fixed-span structure between Kearny and […]

The MSGBC basin is moving from frontier exploration toward commercial gas production, and the investment conversation is shifting with it. The CEO Regional Leadership Panel at MSGBC Oil, Gas & Power 2026 – “Is MSGBC the Next Global Gas Hotspot?” – will bring together senior executives from international oil companies and energy investors to examine the forces driving capital into the region’s gas sector. The panel will also explore how MSGBC countries can compete for a larger share of global investment by monetizing the basin’s emerging gas resources. The basin now has a producing track record to support its monetization ambitions.…

Konecranes has raised its financial targets as part of a new strategy focused on accelerating profitable growth, with its Port Solutions business targeting annual net sales growth of 7%. The Finnish lifting equipment group has also increased the profitability target for Port Solutions. The business now aims for a comparable EBITA margin of 9–12%, compared […] Konecranes has raised its financial targets as part of a new strategy focused on accelerating profitable growth, with its Port Solutions business targeting annual net sales growth of 7%. The Finnish lifting equipment group has also increased the profitability target for Port Solutions.…

The first tunnel boring machines for the Hudson Tunnel Project are beginning excavation in New Jersey, moving the long-planned rail connection into a new phase of construction. The Gateway Development Commission said the first pair of machines will bore through the hard rock beneath the Palisades Cliffs before reaching the Hudson County Access Shaft near […]

In the exercise of the powers conferred on the Securities and Exchange Commission (hereinafter referred to as “the SEC”) by section 209 of the Securities Industry Act 2016, (Act 929), as amended by the Securities Industry (Amendment) Act, 2021 (Act 1062), these Guidelines are made this 28th day of September 2026. PART A: PRELIMINARY […] In the exercise of the powers conferred on the Securities and Exchange Commission (hereinafter referred to as “the SEC”) by section 209 of the Securities Industry Act 2016, (Act 929), as amended by the Securities Industry (Amendment) Act, 2021 (Act 1062), these Guidelines are made this 28 th day of September 2026.…

Captain Ibrahim Traoré has now led Burkina Faso for four years, the same length of time Thomas Sankara was in power.

Venezuela’s energy sector is entering a period of significant commercial change, with a reworked hydrocarbons framework beginning to translate into new agreements with international energy companies. At African Energy Week (AEW) 2026, the Venezuela Global Investment Forum: Shaping the Renaissance of a Hydrocarbon Giant will bring Venezuelan policymakers, national oil company executives and international investors together to examine the opportunities emerging from that transition. The forum comes as Venezuela moves from regulatory reform toward implementation.…

Fighting is intensifying in northern Ethiopia, with pro-government forces saying they have retaken the strategic town of Alamata in southern Tigray.