News

African markets and business updates

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

NDPC, Meta launch initiative to strengthen data protection in Nigeria

Premium Times Nigeria · 08 Jun 2026 · 12:22

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.

UBA Foundation marks World Environment Day 2026 with Tree-Planting Initiative in Iconic Lagos Schools

Nairametrics · 08 Jun 2026 · 12:15

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 […]

WATRA urges Nigeria to shift focus from telecom expansion to digital transformation

Nairametrics · 08 Jun 2026 · 12:04

The Executive Secretary of the West Africa Telecommunications Regulators Assembly (WATRA), Aliyu Yusuf Aboki, has urged Nigeria to build on the gains of its telecommunications reforms by focusing on economy-wide digital transformation as the next phase of development.

Payaza gets ‘A’ credit ratings from GCR (Moody’s), Agusto, DataPro, Intelligence Africa

Techpoint Africa · 08 Jun 2026 · 11:56

Payaza Africa Limited has secured upgraded credit ratings from four...

Zedvance To Triple Lending after Disbursing N120bn To SME’s in 2025

Nairametrics · 08 Jun 2026 · 11:47

The Group Managing Director of Zedcrest, parent company of Zedvance, Adedayo Amzat, has announced a strategic shift in the firm’s asset deployment, committing 100 per cent of its active loan portfolio to small and medium enterprises and critical ecosystem enablers. This is in a major move to address the financing constraints plaguing Nigeria’s mid-market enterprises. […]

Statement of the Catholic Bishops of Africa on the Tragic Killing of Most Rev. Osório Citora Afonso, Bishop of Quelimane and Apostolic Administrator of the Archdiocese of Beira

Africa Energy Chamber · 08 Jun 2026 · 11:41

The Catholic Bishops of Africa have received with profound shock, sorrow, and indignation the news of the violent killing of Bishop Osório Afonso in his episcopal residence in Quelimane, Mozambique. This heinous act, perpetrated against a shepherd of God’s people, constitutes not only an attack on the life and dignity of a devoted servant of the Gospel but also an assault on the values of peace, justice, human dignity, and religious freedom that are essential for the flourishing of every society.…

Blnk raises $37 million to target Egypt’s underserved credit market

TechCabal · 08 Jun 2026 · 11:29

Blnk , an Egyptian fintech that enables consumers to request loans during point-of-sale (PoS) checkouts, has raised $37.1 million in equity and debt financing to expand its lending to consumers with little or no formal access to credit. The raise includes a $12.5 million Series A equity round led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst, and existing investor Emirates International Investment Company. Blnk also secured $24.…

Nigerian banks found growth in Kenya. Now they need profits.

TechCabal · 08 Jun 2026 · 11:25

This is Follow the Money , our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. Deposits at the Kenyan subsidiaries of three of Nigeria’s biggest banks have more than doubled over the past five years, signalling growing customer uptake as the lenders expand their East African footprint through acquisitions and organic growth.…

DR Congo court sentences 54 to death in final verdict on murder of UN experts

Africanews EN · 08 Jun 2026 · 11:01

Nearly nine years after the killing of two United Nations experts in the Democratic Republic of Congo, the country's High Military Court has delivered its final verdict.

Journal of Public Health in Africa Expands with New Rapid Communications, Policy and News Sections

Africa Energy Chamber · 08 Jun 2026 · 10:44

The Journal of Public Health in Africa (JPHIA) ( ), owned by the Africa Centres for Disease Control and Prevention (Africa CDC) ( ), has launched three new article categories to accelerate the sharing of public health evidence, policy insights and news from across the continent. These new categories complement the journal’s existing article types, which include original research, reviews, opinions, implementation articles and case reports. The new categories – ‘Rapid Communications’…

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