African markets and business updates

Speaking at the UN General Assembly, Taye Atske Selassie blamed 'external actors' for renewed conflict in the region.

The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has called for a major shift in the global approach to financing Africa’s development, urging the international community to make affordable, long-term capital available for infrastructure and energy projects across the continent. Oyedele, who made the call at the United Nations Dialogue […]

By Elizabeth Adegbesan Internally Generated Revenue, IGR, for the 36 states of the federation and the Federal Capital Territory, FCT, rose by 40.93 percent year-on-year (YoY) to N5.15 trillion in 2025 from N3.65 trillion in 2024. The National Bureau of Statistics, NBS, disclosed this yesterday in its IGR report for 2025, noting that Lagos State […]

Cameroon is moving to consolidate gains in its banana sector, supported by more than CFAF 31 billion in European Union grants since 2013. The funding was provided through the Banana Accompanying Measures Program, known by its French acronym MAB, whose final evaluation workshop was held in Yaounde on September 23, 2026. The meeting, co-chaired by Minister Delegate at MINEPAT Paul Tasong and EU Ambassador to Cameroon Veronika Boskovic Pohar, reviewed the program’s results and how they could be sustained.…

$430 million data center to rise in north Fort Worth, adding to technology growth along the AllianceTexas corridor. Called Colovore Alliance, the project will be located at 14700 Heritage Parkway. Construction records for the state of Texas show a one-story, 156,500 square foot building with four data halls and 32 megawatts of power capacity. Construction […]

A proposed $2.9 billion data-center campus could transform southeast Canton into a major hub for cloud computing and artificial-intelligence infrastructure, while raising questions about electricity, water, noise, traffic, property values and permanent employment. Texas-based developer Corscale is proposing the Midwest Digital Gateway, a hyperscale data-center campus on roughly 162 acres near Millerton Street SE and […]

Ethiopia and Djibouti have described Dangote Group’s $660 million Damarjog-Dewele Oil Terminal and Pipeline Project as a strategic investment expected to strengthen energy security, improve regional trade and deepen economic integration in the Horn of Africa.

The president spoke in Paris, France, at the signing of Memoranda of Understanding between the Ogun State Government and DP World.

President Donald Trump has welcomed Chinese President Xi Jinping to Washington, praising what he called their “truly great friendship” as the two leaders opened talks focused on trade, Taiwan, Iran and artificial intelligence.

South Africans in Pretoria are hoping to have cooked up a new Guinness World Record. Hundreds gathered on Thursday to fire up their grills and attempt the largest simultaneous barbecue ever recorded.