News

African markets and business updates

Latest headlines from African markets, companies, and business sources.

Culture is economic infrastructure. Now what?

Nairametrics · 08 Jun 2026 · 13:59

When I published the first article in this series, Culture Is No Longer Soft Power. It Is Economic Infrastructure, in April 2026, the objective was to introduce a different framework for thinking about culture and development in Africa. The argument was specific: culture should no longer be understood primarily through the lens of identity or influence, but as […]

FCCPC seals PWAN MAX office over alleged regulatory non-compliance

Nairametrics · 08 Jun 2026 · 13:54

The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the Lagos office of PWAN MAX Property and Business Solutions Ltd.

Busan’s maritime hub goal gains impetus as former minister becomes mayor

Container News · 08 Jun 2026 · 13:30

Pan Ocean and Sinokor Merchant Marine may join other South Korean shipping companies in relocating to Busan, after Jeon Jae-soo, a member of the ruling Democratic Party and former Minister of Oceans and Fisheries, was elected as Busan’s new mayor. Jeon was elected on 3 June, with 50.5% of votes counted. Many shipping companies, originally based in Seoul, are being encouraged to move to Busan to fulfil President Lee Jae-myung’s pledge to revitalise the port city into the country’s maritime capital.…

New Sugar Tax backlash: Manufacturers warn of job, investment risks

Nairametrics · 08 Jun 2026 · 13:29

Major business groups and manufacturers in Nigeria have voiced strong opposition to the proposed Customs and Excise Tariff (Amendment) Bill (CETA) 2025, warning that the legislation could worsen the country's already challenging business environment if eventually passed into law.

Pointe-Noire celebrates African textiles at 13th International Fashion Carousel

Africanews EN · 08 Jun 2026 · 13:27

Pointe-Noire, the economic capital of the Republic of Congo, welcomed designers, models and fashion enthusiasts from across the continent for the 13th edition of the Carrousel International de la Mode, held from June 4 to 7, 2026.

Schneider Electric progresses phased-delivery of over $290M in AI Infrastructure Solutions, including Motivair technologies, at TeraWulf’s Google-Backed Lake Mariner Campus

Techpoint Africa · 08 Jun 2026 · 13:24

TeraWulf's 750 MW Lake Mariner data center campus leverages Schneider...

As climate shifts, malaria gains ground in southern Africa

Africanews EN · 08 Jun 2026 · 13:14

According health officials, climate change is supercharging existing hotspots and lengthening transmission windows, fuelling far more intense outbreaks

Top 10 highest-rated loan apps in Nigeria—June 2026

Nairametrics · 08 Jun 2026 · 13:11

Mobile lending platforms have changed access to finance in Nigeria by reducing the need for physical paperwork, collateral, and long waiting periods.

FCMB FY 2025 profit hits N202 billion, proposes a 35 kobo dividend

Nairametrics · 08 Jun 2026 · 12:57

FCMB Group Plc reported a profit before tax of N202.100 billion for the year ended 31 December 2025, according to its audited financial statements just released.

Africa Centres for Disease Control and Prevention (Africa CDC) and World Health Organization (WHO) Launch Joint Continental Ebola Response Plan

Africa Energy Chamber · 08 Jun 2026 · 12:37

The Africa Centres for Disease Control and Prevention (Africa CDC) ( www.AfricaCDC.org ) and the World Health Organization (WHO) today launched a joint continental preparedness and response plan on the ongoing Ebola outbreak caused by the Bundibugyo virus. The plan aims to raise US$ 518 million to support African countries together with partners to prepare for, rapidly detect and respond to the outbreak. The six-month plan, covering June to November 2026, brings together governments…

Page 20