African markets and business updates

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is yet to complete data verification, a critical part of the promised revenue sharing formula review scheduled for completion last year, in three geopolitical zones. Last week, the commission moved to Abia

The Central Bank of Nigeria (CBN) has unveiled a sweeping revision of its foreign exchange regulatory framework, introducing a N100 million penalty for banks that process foreign exchange (FX) transactions without adequate documentation and tightening compliance requirements across the market.

The National Insurance Commission (NAICOM) has engaged global professional services firm, Ernst & Young (EY), to fast-track the implementation of the Risk-Based Capital (RBC) framework, signalling a major shift in the regulation of Nigeria’s Insurance industry. The appointment formalised during

In this edition of After Hours, Abidemi Adetula shares how a confusing national conversation around taxation inspired him to build TaxInfo.

Telecom Namibia says it has signed a strategic partnership agreement with local open-access fibre network provider Demshi Investment Holdings to accelerate its fibre service rollout and replace its copper network with fibre in areas prone to cable theft and vandalism.

The Suez Canal Authority (SCA) has received FAKHR 1, Egypt’s first integrated petroleum supply and services vessel. The vessel arrived at Timsah Shipbuilding Company after completing a 33-day voyage from China. FAKHR 1 was built at Ningde Tai Jinzhou Yuajin Shipyard. The vessel transited the Suez Canal within the southbound convoy before reaching its berth. FAKHR 1 measures 64.8 meters in length and 16 meters in beam. It has a draft of 5 meters and accommodates 60 crew members.…

BIMCO has launched the Seafarer’s Digital Certificates Charter to support wider adoption of digital certification across shipping. The initiative aims to create a shared framework for secure and interoperable digital seafarer certificates. BIMCO said the charter encourages the use of digital certification solutions that meet clearly defined criteria. The organization aims to improve trust, consistency and efficiency as maritime digitalization accelerates. BIMCO has already secured support from LEDGID…

The Ghana edition of Cooking with Gamechangers was officially introduced to the media at a press briefing held at Labadi Beach Hotel, ahead of what promises to be one of the most refreshing reality TV formats to hit Ghanaian screens. Far from being just another food show, Cooking with Gamechangers brings together food, culture, entertainment […]

Hallmark Health Services Limited (Hallmark HMO), a subsidiary of Consolidated Hallmark Holdings Plc is set to host the 2026 edition of its annual Stakeholders Engagement Forum on Thursday, June 18, 2026, at The Colossus Lagos Hotel, Ikeja, Lagos, by 9:00am. With the theme, “Collaborating for Sustainable Healthcare Systems: Financial Stability, Intelligent Systems, Regulatory Excellence, and […]

A high-level Norwegian delegation led by Andreas Kravik, Norway’s Deputy Minister of Foreign Affairs, visited Lagos today to engage with key participants in Nigeria’s innovation ecosystem, underscoring growing international interest in the country’s entrepreneurial talent, technology sector and long-term economic potential. Hosted at the headquarters of OmniRetail, the award-winning B2B e-commerce and supply chain technology […]