African markets and business updates

NuRAN could use Starlink to connect rural telecom sites where terrestrial links are limited or too costly. A test in Nigeria will assess Starlink’s performance, reliability, integration and commercial cost. Any deployment in Cameroon still depends on Starlink securing regulatory approval in the country. Canadian telecom infrastructure company NuRAN Wireless could use Starlink to provide backhaul for some of its rural 3G and 4G sites in Cameroon, a potential way to secure more bandwidth in areas where terrestrial connections are limited, unavailable or too expensive.…

The CBG said a recent industry study the bank conducted found that many banks employ foreigners.

Nigerian aviation group Caverton Offshore Support Group Plc decided to liquidate its wholly owned helicopter subsidiary in Cameroon, while another local company in which it owns a 49% stake nearly quintupled its profit in 2025. The decision was made in 2024 and appears again in the group’s audited 2025 financial statements, filed with the Nigerian Exchange in July 2026. The accounts do not explain why the subsidiary is being wound up or indicate whether the process has since been completed. The financial statements do, however, provide a longer view of the subsidiary’s accounting position. Caverton says Caverton Helicopter Cameroon has been fully impaired since 2018.…

Provisional results published on Thursday show the centre-right Authenticity and Modernity Party has taken 95 seats in the 395-seats in parliament.

The Africa Early-Stage Investor Summit (AESIS), co-created by ABAN and VC4A, will host its 13th edition in Cape Town, South Africa, on November 25-26. Since its launch in 2013, AESIS has welcomed more than 3,300 participants representing over 90 countries, establishing itself as one of Africa’s most influential platforms for shaping early-stage investment across the [...] The Africa Early-Stage Investor Summit (AESIS), co-created by ABAN and VC4A, will host its 13th edition in Cape Town, South Africa, on November 25-26.…

Airtel Africa Plc, has announced that its mobile money subsidiary, Airtel Mobile Commerce N.V., known as Airtel Money, intends to proceed with an Initial Public Offering (IPO) and seek admission to trading on the London Stock Exchange. The announcement was made in a statement by Mr Simon O’Hara, Airtel’s Group Company Secretary, and released on […]

By Providence Ayanfeoluwa Indigenous ship-owners have called on major cargo owners, particularly Dangote Group, to support Nigerian fleet development through long-term Contracts of Affreightment (CoAs). Former President of the African Ship-owners Association (ASA), Nigerian chapter, Capt. Ladi Olubowale, made the call at a Public-Private Dialogue with Chief Executives, organised by the Nigerian Chamber of Shipping […] By Providence Ayanfeoluwa Indigenous ship-owners have called on major cargo owners, particularly Dangote Group, to support Nigerian fleet development through long-term Contracts of Affreightment (CoAs).…

By Elizabeth Adegbesan The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), said it allotted a total of N6.69 billion to domestic investors for the September 2026 FGN Savings Bond, FGNSB . DMO disclosed this yesterday in the FGNSB results for the review period. The total allotment was across two tranches; 2-year […]

By Godwin Oritse Crude oil imports through Lagos Ports declined by 38.6 percent in September 2026, with a total of 1,470,109 metric tonnes imported during the month, compared to 2,392,354 metric tonnes recorded in the preceding month of August. The Lagos import chat, revealed this on Tuesday, meaning that the remaining eight days of the […]

Competition must lower pump prices, IPMAN Fuel under-dispensing: PETROAN orders nationwide meter checks By Obas Esiedesa, Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved the importation of 830,000 metric tonnes of Premium Motor Spirit (PMS), commonly known as petrol, for the fourth quarter of 2026, Q4’26.…