African markets and business updates

Port Nelson has reported an underlying net profit after tax of NZ$ 12.7 million for the year ended June 30, 2026, supported by strong cargo throughput of 3.8 million tonnes and revenue of NZ$ 96.3 million, 15% ahead of the prior year. The board has declared a dividend of NZD 6.5 million to shareholder IHL, […] Port Nelson has reported an underlying net profit after tax of NZ$ 12.7 million for the year ended June 30, 2026, supported by strong cargo throughput of 3.8 million tonnes and revenue of NZ$ 96.3 million, 15% ahead of the prior year. The board has declared a dividend of NZD 6.5 million to shareholder IHL, owned by the Nelson City and Tasman District Councils.…

Nigeria’s push to localise financial data could boost local cloud infrastructure, but overlapping CBN and NITDA rules risk creating a complex compliance challenge for banks, fintechs and cloud providers.

The Central Bank of Nigeria's decision to cut its Monetary Policy Rate (MPR) to 23% marks a major shift in the country’s interest-rate environment, with implications for bond prices, mutual funds, pension portfolios and investors whose returns are linked to fixed-income and equity markets.

From Nigeria's handwoven aso-oke and indigo-dyed adire to Burkina Faso's faso dan fani, traditional fabrics are being reimagined. At African Fashion Week Sandton, Botswana designer Keabetswe Mogatusi's Technicolour Dreamcoat glows beneath the bright lights of the runway. An eye-catching piece with bright geometric patterns, its design draws on traditional African craftsmanship, with a modern flair. The statement coat is part of Mogatusi's Afro-Futurist collection and combines Malian fabrics, hemp-cotton blends and hand-painted textiles, the majority of which are sourced from within Africa.…

Kenyan Quakerism has always set itself apart with its use of music but lately, it has had to adapt to attract younger worshippers, with faster songs and modern instruments.

The Federal High Court in Abuja has ordered NMDPRA to continue issuing and renewing petroleum products import licences to three major oil marketers, ruling that the regulator’s refusal to do so violates the Petroleum Industry Act (PIA).

The shortage of African-language text data threatens to limit the development of AI tools that reflect the continent’s linguistic diversity. When Vambo AI, a Johannesburg-based artificial intelligence (AI) model builder, set out to build MORENA , a 1.5-billion-parameter model covering 12 African languages, it had access to a supercomputer through a United Nations Development Programme (UNDP)-backed programme. It had the graphics processing units (GPUs), specialised chips that power AI computing, but struggled to find enough real African-language text.…

Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 03633621 JSE share code: INL LSE share code: INVP JSE hybrid code: INPR JSE share code: INP JSE debt code: INLV ISIN: GB00B17BBQ50 NSX share code: […] Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 03633621 JSE share code: INL LSE share code: INVP JSE hybrid code: INPR JSE share code: INP JSE debt code: INLV ISIN: GB00B17BBQ50 NSX share code: IVD LEI: 2138007Z3U5GWDN3MY22 BSE share code: INVESTEC ISIN: ZAE000081949 ISIN: ZAE000063814 LEI: 213800CU7SM6O4UWOZ70 As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited (the “JSE”) of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules and the Listing Rules of the Financial Conduct Authority (the “FCA”) and/or the JSE Listings Requirements. INVESTEC LIMITED NON-REDEEMABLE, NON-CUMULATIVE, NON-PARTICIPATING PREFERENCE SHARES REPURCHASE Investec Limited (the “Company”) hereby announces the commencement of a repurchase of some of the non-redeemable, non-cumulative, non-participating preference shares (“Preference Shares”), in compliance with paragraphs 7.84 – 7.89 of the JSE Listings Requirements. The Company may, in accordance with a resolution passed by the Company’s board on 17 September 2026, repurchase up to a maximum of 20% of the Preference Shares in issue as at the date of and pursuant to the current general authority granted by the Company’s shareholders on 6 August 2026. The Company has notified the Prudential Authority in writing of the repurchase of the Preference Shares. No Preference Shares will be repurchased from directors of the Company. The repurchases will commence on 29 September 2026 at the opening of the market and the Company will issue a further announcement once the repurchases, on a cumulative basis, constitute 3% of the Preference Shares in issue or the repurchases have closed.…

A trade mission led by the Liguria Region has convened at the Port of Savannah, bringing together senior representatives from the Ports of Genoa and the Georgia Ports Authority to advance cooperation on port governance, intermodalism and transatlantic trade development. The Italian delegation included Massimiliano Nannini, Chief of Staff to the President of the Liguria […] A trade mission led by the Liguria Region has convened at the Port of Savannah, bringing together senior representatives from the Ports of Genoa and the Georgia Ports Authority to advance cooperation on port governance, intermodalism and transatlantic trade development.…

Coremars Asset Management Limited has announced the launch of its first mutual fund, the Coremars Money Market Fund, with an offer size of ₦1 billion, marking a significant milestone in the company’s evolution and its ambition to build a broader investment management platform in Nigeria. The launch follows regulatory approval from the Securities and Exchange […]