African markets and business updates

For Nigeria’s heavy manufacturing and fast-moving consumer goods (FMCG) sectors, boardroom conversations around energy have fundamentally changed. It is no longer an issue of corporate social responsibility or an abstract long-term ESG goal. In an aggressive macroeconomic environment marked by intense currency fluctuations, high interest rates, and soaring production inputs, energy has become the primary […]

Two weeks after the Houthis took the Yemeni side of Bab el-Mandeb, renewed fighting in northern Ethiopia puts the African side in play, and Ethiopia’s sea corridors along with it. Two weeks after the Houthis took the Yemeni side of Bab el-Mandeb, renewed fighting in northern Ethiopia puts the African side in play, and Ethiopia’s sea corridors along with it. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don't have an account? Register

SKELETON BASIN INVESTMENTS LIMITED (Incorporated in the Republic of Namibia) (Registration number: 2026/1470) ISIN: NA000A42LSF7 Share Code (NSX): RIG (“Skeleton Basin” or “the Company”) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS Shareholders are advised that, in accordance with paragraph 3.59(a) of the Namibia Securities Exchange (“NSX”) Listings Requirements, the Board of Directors […] SKELETON BASIN INVESTMENTS LIMITED (Incorporated in the Republic of Namibia) (Registration number: 2026/1470) ISIN: NA000A42LSF7 Share Code (NSX): RIG (“Skeleton Basin” or “the Company”) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS Shareholders are advised that, in accordance with paragraph 3.59(a) of the Namibia Securities Exchange (“NSX”) Listings Requirements, the Board of Directors of Skeleton Basin (“the Board”) has approved the appointment of the following persons as independent non-executive directors of the Company, with effect from 25 September 2026: 1.…

Click below to view full PDF article Namibian Breweries Limited – Unaudited Condensed Consolidated Results for the six months ended 30 June 2026 Namibia Breweries Limited (“NBL” or “the Company”) (Incorporated in the Republic of Namibia) (Registration number 2/1920) Share code: NBS ISIN: NA0009114944 Unaudited Condensed Consolidated Results for the six months ended 30 […] Click below to view full PDF article Namibian Breweries Limited – Unaudited Condensed Consolidated Results for the six months ended 30 June 2026 Namibia Breweries Limited (“NBL” or “the Company”) (Incorporated in the Republic of Namibia) (Registration number 2/1920) Share code: NBS ISIN: NA0009114944 Unaudited Condensed Consolidated Results for the six months ended 30 June 2026 6 months ended 6 months ended 12 months ended 30 June 2026 30 June 2025 31 December 2025 N$’000 N$’000 N$’000 Unaudited Unaudited Audited Net revenue 2 022 589 2 104 346 4 869 134 Operating profit 221 779 279 279 830 364 Profit before tax 206 345 264 711 790 367 Profit for the period attributable to 153 764 198 865 632 234 owners of the parent Ordinary shares in issue 206 529 206 529 206 529 (thousands) Basic earnings per share (cents) 74.45 96.3 306.1 Headline earnings per share (cents) 74 97.8 300.6 Interim Dividend per Share (cents) 74.45 96.29 209.84 Net Asset Value 2 171 912 2 214 767 2 451 810 Performance overview NBL delivered resilient domestic performance in a materially tougher first half, gaining total portfolio market share while consumers remained under sustained affordability pressure. Reported results were, however, affected by the planned reduction of the South African export volumes, following the expiry of minimum supply arrangement with HEINEKEN Beverages South Africa. The period, therefore, reflects two distinct dynamics: a resilient Namibian business and a structurally lower base of HEINEKEN Beverages South African export volumes. Volume and brand performance NBL’s multi-category portfolio provided an important buffer against category-specific pressures, with growth in ciders, low- and no-alcohol and the newly added energy drink category offsetting declines in beer and wine. Beer volumes in Namibia declined slightly by 3%, with strong momentum in the non-alcoholic range, led by Windhoek Non-Alcoholic Lemon, meaningfully cushioned the category.…

Cameroon will host the Board of Directors of the International Cocoa Initiative (ICI) for the first time from November 2 to 5, 2026. The meeting comes as the organization expands its presence in the country and engages authorities on producer livelihoods, working conditions and child protection in cocoa-growing communities. The upcoming meeting was announced following a September 22 audience granted by Trade Minister Luc Magloire Mbarga Atangana to ICI West and Central Africa Director Euphrasie Aka, according to information published by the Ministry of Trade. ICI holds its board meeting in a cocoa-producing country every two years.…

The Steering Committee of Cameroon’s $200 million (about CFAF 120 billion) World Bank-financed Sustainable Cities and Land Management Project (PVGFD) has called for faster implementation of planned road and drainage works in Douala and Yaounde, with activities still tied up in studies, procedures and preparatory work expected to move more quickly toward implementation on the ground. The directive was issued during the committee’s first session, held in Yaounde on September 22. The project’s investment program includes 14.02 km of roads and 10 km of major drains in Douala, while close to 13 km of roads are planned for construction or rehabilitation in Yaounde.…

Pix of the Day, 25 September, 2026 - Across the world

A three-member panel led by Justice Adebukola Banjoko delivered the judgement on 14 September Keywords: Fidelity Bank

In Uvira, in the east of the Democratic Republic of the Congo, football is also being used as a way to rebuild lives. From 23 to 25 September, amputee players from North Kivu, South Kivu and Tanganyika came together for the first national amputee football tournament.

Critics have questioned whether credible elections can be held in just three months, amid concerns over security, political space and the absence of a permanent constitution.