African markets and business updates
Latest headlines from African markets, companies, and business sources.
Dangote’s Kenya refinery to generate 1,000MW, double Lagos plant
Dangote’s Kenya refinery to generate 1,000MW, double Lagos plant
Dangote Group’s planned refinery in Lamu, Kenya, is expected to generate about 1,000 megawatts (MW) of electricity, twice the power-generation capacity of its refinery in Lagos.
DHL Express to raise US shipment prices by 5.9% in 2027
DHL Express to raise US shipment prices by 5.9% in 2027
DHL Express will increase shipment prices for its US account holders by an average of 5.9% from 1 January 2027. The company said a limited number of services and surcharges will also be adjusted as part of its annual pricing review. DHL cites inflation and operating costs DHL Express reviews its prices each year to […]
Mpumelelo Buthelezi wins the 2026 Africa Soft Power Climate storytelling fellowship & photo essay prize
Mpumelelo Buthelezi wins the 2026 Africa Soft Power Climate storytelling fellowship & photo essay prize
The South African photographer leads a group of five young African image-makers whose work begin an international exhibition tour at The Africa Center in New York this September. South African photographer Mpumelelo Buthelezi has been named the 2026 winner of the Africa Soft Power Climate Storytelling Fellowship & Photo Essay Prize for E'Plazini: A Place to Call Home for Waste Collectors . The series follows waste pickers living in the Dryhook informal settlement near Soweto. In his accompanying text, Buthelezi describes a community that has spent years collecting and sorting discarded plastic, cardboard, glass and metal for sale to recycling companies.…
$314 Million for 100 Jobs: Was Brookwood’s Data Center Deal Worth It?
$314 Million for 100 Jobs: Was Brookwood’s Data Center Deal Worth It?
On Thursday, September 24, 2026, the Tuscaloosa County Economic Development Authority approved an incentive package for Applied Digital’s Delta Forge 2 AI data center in Brookwood, Alabama. The project represents an investment exceeding $3.2 billion and is expected to support more than 1,000 construction workers at peak activity and roughly 100 permanent operational jobs. Size: […]
King Salman Park Investment: $13bn Private Capital to Accelerate Riyadh’s Landmark Construction
King Salman Park Investment: $13bn Private Capital to Accelerate Riyadh’s Landmark Construction
King Salman Park investment plans are gaining momentum as the Riyadh megaproject targets $13 billion in private capital. The funding drive will support mixed-use construction, cultural facilities, hospitality and residential development. The update followed remarks by Dale Chadwick, acting CEO of the King Salman Park Foundation. The project covers nearly 17 square kilometers in central […]
Call for Entries Issued for the 2027 Middle East & North Africa Stevie® Awards
Call for Entries Issued for the 2027 Middle East & North Africa Stevie® Awards
The Stevie® Awards, organizer of the world’s premier business awards programs, has issued a call for entries for the 2027 (eighth annual) Middle East & North Africa Stevie Awards ( www.MENA.StevieAwards.com ), sponsored by the RAK Chamber of Commerce & Industry ( www.RAKChamber.ae ). Entry kits and complete details on the competition are available at . The Middle East & North Africa Stevie Awards are the region’s only awards program to recognize innovation in the workplace in all its forms.…
Maersk revises export dry port surcharges in India
Maersk revises export dry port surcharges in India
Maersk has announced revised Dry Port Surcharge (DPS) levels for dry container exports from eight inland locations in India to destinations worldwide. The surcharge applies to cargo transported through Indian ports under AFLS arrangements. The new rates will take effect on 1 October 2026 for non-regulated countries and 26 October 2026 for regulated countries. The […]
NCGC-backed loans reach N46.95bn in first year – Tinubu
NCGC-backed loans reach N46.95bn in first year – Tinubu
The credit guarantee company has supported 67,512 borrowers across 25 states and the FCT, with about a third accessing formal credit for the first time.