African markets and business updates

A multi-front offensive launched by the Tigray People's Liberation Front and its allies risks sparking a return to regional war. International Crisis Group (ICG) warns that Ethiopia is "slipping into renewed war" after rebel group the Tigray People's Liberation Front (TPLF) and its allies launched a coordinated offensive against the Ethiopian federal government. Large-scale ground fighting between the TPLF and government forces began last week, when the TPLF took over three Tigray airports that had been under federal control in Mekelle (pictured). TPLF forces also retook the major towns of Axum and Shire, replacing the federal police stationed with their own forces without a fight.…

The Tanzanian government, through the Ministry of Minerals, has announced plans to significantly increase the coverage of deep geophysical surveys from the current 16% to at least 50% of the country’s land area by 2030. This strategic initiative aims to enhance the mining sector’s contribution to the national economy and support sustainable mineral exploration. Speaking …

The ongoing Initial Public Offer (IPO) of Dangote Petroleum Refinery has surpassed the digital subscription levels achieved by the public offers of MTN Nigeria and GTCO within its first day, according to Chapel Hill Denham.

Zeta Brent Education (ZBE), an international education advisory firm, will bring representatives from international schools, sixth-form colleges and pathway providers into direct contact with Nigerian students and parents this October, as part of a programme designed to help families navigate an increasingly crowded field of international study options. The 2026 International Education & Future Pathways […]

As Nigerians subscribe to the Dangote Refinery offer from their smart devices, the systems connecting them to the capital market are facing one of their biggest tests yet. At about 9:15am on 14 September 2026, Tosin Onisuuru, a Lagos-based entrepreneur, opened the NGX Invest website and subscribed for shares in the Dangote Petroleum Refinery and […]

The Federal Government’s securitised Ways and Means debt declined by N613.34 billion in the second quarter of 2026, marking its first recorded reduction since the obligation was added to Nigeria’s public debt stock in 2023.

Newport has completed the deployment of M2INTELLIGENCE’s GVMS remote monitoring system across its fleet, giving shore-based teams direct access to live and recorded visual information from onboard operations. The fleet-wide rollout creates a common monitoring environment across Newport’s vessels. Shore teams can remotely follow activities in critical areas, review incidents and operational events, and use […] Newport has completed the deployment of M2INTELLIGENCE’s GVMS remote monitoring system across its fleet, giving shore-based teams direct access to live and recorded visual information from onboard operations.…

Shoprite Holdings Limited (Incorporated in the Republic of South Africa) Registration no. 1936/007721/06 ISIN: ZAE000012084 JSE share code: SHP A2X share code: SHP NSX share code: SRH LuSe share code: SHOPRITE (the “Company”) AVAILABILITY OF ANNUAL B-BBEE COMPLIANCE REPORT Shareholders are advised that the Company’s annual Black Economic Empowerment […] Shoprite Holdings Limited (Incorporated in the Republic of South Africa) Registration no.…

The official interbank/NAFEM market has remained relatively stable in the aftermath of previous structural shocks and aggressive peso devaluation. The large reserve buffer is preventing the sharp downward spirals seen in earlier quarters.

The Nigerian Navy has announced recruitment for the 2026 Batch 39 Basic Training School, with applications scheduled to open on October 2 and close on October 31, 2026.