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African markets and business updates

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

Refining isn't enough: How Africa can benefit from critical minerals

African Business · 08 Jun 2026 · 15:15

In some cases, processing facilities are struggling to remain profitable amid growing global capacity and increasingly competitive markets.

Africa Centres for Disease Control and Prevention (Africa CDC) Welcomes Pandemic Fund’s US$220m Support for Bundibugyo Virus Outbreak Response

Africa Energy Chamber · 08 Jun 2026 · 15:09

The Africa Centres for Disease Control and Prevention (Africa CDC) ( www.AfricaCDC.org ) has welcomed a US$220.6 million emergency financing package from the Pandemic Fund to support efforts to contain the Bundibugyo Ebola outbreak and protect at-risk countries across Central and Eastern Africa. The financing will facilitate implementation of the joint Africa CDC–World Health Organization (WHO) Continental Strategic Preparedness and Response Plan…

IATA revises African airlines’ net profit forecast to $100 million in 2026

Nairametrics · 08 Jun 2026 · 15:09

The International Air Transport Association (IATA) has revised African airlines’ net profit forecast for 2026 to $100 million.

Shuttlers brings bus routes to Google Maps after hitting 10 million trips

TechCabal · 08 Jun 2026 · 15:01

Shuttlers , the Nigerian shared mobility startup, has integrated its bus routes into Google Maps Transit, bringing its services to the navigation platform after completing more than 10 million trips since launching in 2016. The integration brings Shuttlers’ scheduled routes into Google Maps’ transit layer, allowing commuters to discover routes and book seats directly within Google Maps while navigating Nigeria’s major cities.…

One Account, Multiple Currencies: Doux Lets You Receive, Send and Spend in EUR, GBP, USD and NGN

Techpoint Africa · 08 Jun 2026 · 14:58

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

NiRA records 241,000 active .ng domains, targets nationwide adoption

Nairametrics · 08 Jun 2026 · 14:50

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.

Ambitious comms initiatives announced in West and North Africa

Developing Telecoms - Sub-Saharan Africa · 08 Jun 2026 · 14:49

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

500MW Cipher Data Center Campus Planned Near Sandy Creek Power Plant outside Waco, Texas

Construction Review Online - Africa · 08 Jun 2026 · 14:48

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 foreign trade surplus jumps 341% to N7.55 trillion in Q1 2026

Nairametrics · 08 Jun 2026 · 14:37

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.

Why Nigeria must end dependence on foreign internet routing – Expert

Nairametrics · 08 Jun 2026 · 14:34

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.

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