African markets and business updates

FedEx has completed the spin-off of FedEx Freight, creating two separate publicly traded companies. FedEx Freight started trading on the New York Stock Exchange on June 1 under the ticker symbol FDXF. FedEx continues trading under the ticker symbol FDX. The move establishes FedEx Freight as an independent company focused on the North American less-than-truckload (LTL) market. “The successful separation of FedEx Freight is a pivotal milestone…

. ..Subscribers insist on data transparency, freebies, among others SENIOR executives of telecom firm, MTN addressed burning consumer complaints regarding persistent network disruptions, high investment costs, and the controversial phenomenon of “data disappearance” during a passionate stakeholder forum, tagged: “Data

The National Insurance Corporation of Eritrea (NICE) conducted its annual shareholders meeting today, 6 June, at Asmara Palace. Mr. Paulos Tekleab, Acting Manager of the Corporation, indicated that the Corporation generated 321 million Nakfa in revenue from general insurance services in 2025. He went on to say that out of the 91 million Nakfa profit registered, 83 million Nakfa has been disbursed as dividends to shareholders. Noting that, as a result of sustainable awareness-raising activities…

Table of contents When and how to watch the Apple WWDC 2026 What to expect at the Apple WWDC 2026 When will you actually get these features? One more thing: Tim Cook’s farewell Apple’s WWDC 2026 keynote will be held on Monday, June 8, at 10 a.m. PT (6:00 p.m. WAT). If you have ever skipped an Apple software event because it felt like a routine update show, this is the year to pay attention. Two things make this year’s Apple WWDC different from any keynote in the past decade. One…

The Finance Students Association of the University of Lagos (FINSA) is bringing back one of Nigeria’s most recognised student-led finance events. The Finance Symposium 5.0 is scheduled to be held on June 9, 2026, at the J.F. Ade Ajayi Auditorium, University of Lagos. Themed “Africa’s Financial Renaissance: Unlocking Potentials for Growth,” this year’s edition centres […]

MSC Mediterranean Shipping Company has revised its China–Australia and New Zealand network by restructuring its Wallaby service and shifting New Zealand coverage to a separate feeder connection, as reported by DynaLiners. Under the changes, MSC has removed New Zealand port calls from the Wallaby service to focus exclusively on Australia-bound cargo flows. As part of the restructuring, Auckland, Bluff, Lyttelton, Napier, Port Chalmers and Wellington have been removed from the Wallaby rotation.…

Several African economies are expected to maintain strong growth momentum in 2026, with countries projected to expand at rates well above the global average

Pope Leo XIV has praised Spain for its stance on Gaza, Iran, and Ukraine, and for welcoming migrants, at the start of a weeklong state visit that marks the first papal trip to the country in fifteen years.

Elon Musks’s SpaceX gets $30B Google computing deal

MTN Nigeria has been named Capital Market Company of the Year at the 2026 Nairametrics Capital Market Choice Awards, emerging as the biggest winner in one of the night's most prestigious categories.