African markets and business updates

Tinubu looks vulnerable on the economy, but whether the opposition can turn discontent into voter support remains an open question. For Nigerian opposition parties, unity was always the surest path to winning an election against a wily incumbent such as President Bola Tinubu. As the build-up to the 2027 presidential election began, the top three runners-up in the 2023 election teamed up in the African Democratic Congress (ADC). Among them were former vice president Atiku Abubakar, now 80, who has been seeking the presidency since 1992 and scored 29.07% of the votes as the candidate for the People's Democratic Party, behind Tinubu's 36.6%, in the 2023 election.…

The developments follow a series of reported drone strikes in Tigray. Regional authorities say at least 14 people were killed and 22 injured in a strike on the town of Alamata on Tuesday, with the mayor accusing federal forces of targeting schools.

In his address to the UN General Assembly on Wednesday, William Ruto lamented Africa's exclusion from permanent representation on the UN Security Council, despite accounting for more than a quarter of the assembly's membership.

Fighting between Tigrayan People’s Liberation Front and government forces threatens to restart brutal conflict after four years of fragile peace

A summer of events at the Barbican in London built on a series of global events that have brought pan-Africanism back into prominence. When Project a Black Planet: The Art and Culture of Panafrica closed at the Barbican in London in September, it marked the penultimate stop in a journey that began at the Art Institute of Chicago in December 2024, travelled to Barcelona's MACBA, and will conclude next spring at KANAL-Centre Pompidou in Brussels. Across its four iterations, the exhibition has brought together almost 500 works by around 100 artists, spanning the 1920s to the present and ranging across Africa, Brazil, the Caribbean, North America and Western Europe.…

Nigeria-founded Yellow Card, a leading global stablecoin infrastructure provider, has marked its expansion into Canada, further extending its network into North America. Initially launched in Nigeria, Yellow Card is a leading global stablecoin infrastructure provider, enabling banks, fintechs, and multinational businesses to access US dollars, manage treasury, and move money across borders. Supporting more than [...]

Nigeria-founded Yellow Card, a leading global stablecoin infrastructure provider, has marked its expansion into Canada, further extending its network into North America. Initially launched in Nigeria, Yellow Card is a leading global stablecoin infrastructure provider, enabling banks, fintechs, and multinational businesses to access US dollars, manage treasury, and move money across borders. Supporting more than [...] Nigeria-founded Yellow Card, a leading global stablecoin infrastructure provider, has marked its expansion into Canada, further extending its network into North America.…

Plantations du Haut Penja (PHP), Cameroon’s largest banana exporter, accumulated CFA10.4 billion in losses over 2024 and 2025, while its revenue fell by nearly a third last year despite only a slight decline in banana export volumes. PHP, the main Cameroon subsidiary of Compagnie Fruitière, posted a loss of €8.80 million, or about CFA5.78 billion, in 2025. That compares with €7.04 million, or CFA4.62 billion, in 2024. The annual loss therefore widened by about 25%. Revenue fell even more sharply. PHP recorded €87.39 million in revenue in 2025, down 32.4% from €129.25 million a year earlier.…

Dibamba Douala Port Logistics Platform (DDLP) has opened financing talks with AFG Bank for the logistics component of the Arise IIP/Dibamba project, which carries an announced investment of CFA160 billion. DDLP’s board approved a term sheet and authorized further discussions with the bank, according to a legal notice that details decisions taken on November 12, 2025. The document does not disclose the amount DDLP wants to raise, the type of financing under consideration or the terms of the proposed deal. It also provides no evidence that the parties have signed a financing agreement.…

Nigerian carrier Enugu Air launched its first international service on September 23, 2026, with a direct route between Enugu and Douala that gives Cameroon a new air connection to southeast Nigeria. The airline, which is owned by Enugu State, will operate two flights a week, on Mondays and Wednesdays, with a 76-seat Embraer E170. Douala becomes its first international destination. The inaugural aircraft departed Akanu Ibiam International Airport and landed at Douala International Airport, where officials held a welcoming ceremony, before it returned to Enugu. The flight confirmed the start of a route announced a few days earlier. Flights from Enugu are scheduled to depart at 12:45 p.m.…