African markets and business updates

Most financial accounts were built around a single assumption: that...

Nigeria Internet Registration Association has recorded 241,000 active domains, with 98,285 new registrations, 71,470 renewals, and 1,970 restorations logged over the past year.

A number of important initiatives have been announced in recent days aimed at enhancing digital connectivity in West and North Africa.

A 500MW data center campus by Cipher Digital is being planned near Sandy Creek power plant outside Waco, Texas. More details have been provided around the project as local outlets report the company is looking to develop near Riesel in McLennan County. Cipher told a local outlet that it has acquired a large area of […]

Nigeria's merchandise trade surplus surged to N7.55 trillion in the first quarter of 2026, representing a 340.88% increase from the N1.71 trillion recorded in the preceding quarter, driven by stronger crude oil exports and a sharp decline in import spending.

Technology policy adviser Jide Awe has called on Nigeria to redesign its internet ecosystem around local routing, warning that the current practice of sending domestic traffic through foreign exchange points is quietly draining the economy and exposing the country to risks it can largely avoid.

The Reykjavík District Court has dismissed a tort case brought by Alcoa Fjarðaál against Eimskip , Eimskip Ísland, Samskip and Samskip Holding. The case was the second legal action filed by Alcoa concerning the same underlying matter. In May 2025, Alcoa suspended its original lawsuit against Eimskip and agreed to pay the associated litigation costs. The company subsequently filed a new case in December 2025, seeking recognition of liability for damages without specifying a compensation amount.…

According to the statement signed by Mary-Ann Duke, the senior special assistant on communication and press secretary to the minister of finance, contractors with verified claims of N100 million or below were given priority in the latest round of disbursement.

Aions Ventures , a South African venture capital firm, believes the country’s next billion-dollar startup will emerge from climate, energy or water innovation rather than fintech. The firm has backed that conviction with a new R100 million ($6 million) seed fund. Aions Ventures CEO Kerryn Campion told TechCabal that the Johannesburg-based company has launched Aions Seed Fund I to support early-stage startups developing solutions in climate technology, energy innovation…

Nigeria’s telecom operators have pushed back against data showing a sharp collapse in foreign investment into the sector, arguing that the figures fail to capture the true scale of capital being deployed into network infrastructure and expansion. Capital inflows into the telecommunications sector plunged to $7.24 million in the first quarter of 2026, according to the National Bureau of Statistics (NBS), down 93% from the previous quarter and 91% year-on-year.…