African markets and business updates

A.P. Moller Capital today announced that, through its Africa Infrastructure Fund I (“AIF I”), and Impala Energy Holdings (“Impala”), it has entered into an agreement under which a consortium led by Ardova Plc (“Ardova”) and including Diadem Energy (“Diadem”) will acquire Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited (“PEL”), together known as “Powergas”, […]

Humanitarian charity Save the Children and Vodafone Foundation, the philanthropic arm of multinational telecommunications company Vodafone, have formed a new global humanitarian partnership.

The charges stem from violent demonstrations between 2021 and 2024 during former President Macky Sall's tenure, which left dozens dead and injured.

Ethiopian forces battled overnight to repel an assault by Tigray rebels in the Afar region, a humanitarian source said Friday, with reports of an internet blackout in the north of the country

There high investor interest in the major oil and gas stocks on the Nigerian stock market—Seplat Energy PLC (SEPLAT) and Aradel Holdings PLC (SPIRIT)—driven by surging crude oil prices, strong earnings, and favorable macroeconomic developments.

Pope Leo XIV begins historic four-day visit to France with focus on Europe’s future.

The company selected 24 fellows from more than 600 applicants across Côte d'Ivoire, Ghana, Zambia, Senegal, Ethiopia, and Mozambique. In Abidjan, Côte d’Ivoire, six groups of young technologists had five minutes each on September 19 to pitch products they had spent the previous 12 weeks building. Bloom pitched a solution to make it easier to pay fares on informal buses; Africoded built a system connecting African job seekers to remote and cross-border work; and Harambee developed a waste-collection service connecting households with informal waste collectors.…

The 120km link, due to operational within 18 months, will connect Damerjog port in Djibouti to a distribution facility in Dewele, Ethiopia.

Nigeria’s subnational governments generated a combined N5.15 trillion in Internally Generated Revenue (IGR) in 2025, representing a 40.93% increase from the N3.65 trillion recorded in 2024.

Hospital admissions linked to drug use rose 38 percent last year to more than 32,280, according to government figures that experts say reflect only a fraction of the problem.