African markets and business updates

Traders are facing significant losses after Uganda closed its border with the Democratic Republic of the Congo due to Ebola fears.

The Port of Osaka handled 180,600 TEUs of international container traffic in April. This represented a 0.5% year-on-year decline and marked the port’s first contraction in five months. Export volumes fell during the month. The port handled 83,371 TEUs of exports, down 2.9%. Imports performed better, rising 1.7% to 97,229 TEUs. Loaded container volumes remained stable overall. Osaka processed 126,778 loaded TEUs, up 0.1% year-on-year. Loaded exports increased 8.8% to 37,166 TEUs. Loaded imports declined 3.1% to 89…

With only a few days to go until the FIFA World Cup 2026 kicks off, AIPS ( www.AIPSMedia.com ) finds it unacceptable that many colleagues, who have been duly accredited by FIFA to cover the tournament, are facing varying degrees of US visa challenges. AIPS is calling on FIFA to intervene and ensure that the affected media representatives are not wrongfully denied entry into the USA. On Friday (June 5), the AIPS President Gianni Merlo, on behalf of the AIPS Executive Committee…

Nigerian equities closed the first trading week of June 2026 on a negative note as sustained profit-taking across banking, industrial, and oil and gas counters dragged the NGX All-Share Index (ASI) down 3.11% to settle at 242,593.31 points.

Nearly three years after a catastrophic storm tore through eastern Libya's port city of Derna killing almost 4,000 people the city is getting back on its feet, but the trauma persists.

President John Dramani Mahama has arrived in Minsk to begin a state visit to the Republic of Belarus. From the airport where he was received by Deputy Prime Minister Viktor Karankevich and a delegation of senior Belarusian officials, President Mahama visited the Victory Monument to lay a wreath in honour of Belarusian and Soviet Army soldiers who died liberating the country in World War II. The wreath laying ceremony was witnessed by the Governor of Minsk, Vladimir Kukharev Governor…

The dedication ceremony comes less than two years after President Boakai broke ground for the project on October 11, 2024, demonstrating steady progress in the Government’s efforts to strengthen the country’s energy infrastructure. The project includes the newly constructed 20-megawatt solar photovoltaic facility and supports plans for the expansion of the Mount Coffee Hydropower Plant by 42 megawatts. Speaking at the dedication ceremony…