African markets and business updates

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.…

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, 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.

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

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

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

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.

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…

The commission said the M-SIDP programme, which aims to foster safety and sustainability mechanisms for the ecosystem and technology, is structured around governance, research and development.

In commemoration of World Environment Day 2026, the UBA Foundation, the Corporate Social Responsibility arm of United Bank for Africa (UBA) Group, has reinforced its commitment to environmental sustainability through a tree-planting exercise at two of Lagos’ most iconic educational institutions – King’s College, Lagos, and CMS Grammar School, Bariga. The exercise marks the commencement […]