African markets and business updates

The Centre for the Promotion of Private Enterprise Centre for the Promotion of Private Enterprise has called on the House of Representatives to reject the Sugar-Sweetened Beverage Tax Bill recently passed by the Senate, warning that the proposal could worsen Nigeria’s business environment.

President Isaias Afwerki departed for Cairo in the mid-afternoon hours today for a three-day official visit to Egypt. During the visit, President Isaias will hold extensive discussions with President Abdel Fattah El-Sisi on the enhancement of broad bilateral ties, including cooperation in the economic and other sectors. The two Presidents will also discuss vital issues regarding the Horn of Africa, the security of the Red Sea, and developments in the Middle East. The Presidential delegation includes Mr.…

Athlete Nahom Ermias from the Gash Barka Region became champion of Asmara Marathon 2026, held today along the main streets of Asmara. Asmara Marathon is being conducted for the seventh time. Athlete Nahom finished the race in two hours, 16 minutes, and 22 seconds, followed by Olympian Athlete Okbe Kibrom from the Central Region Club and Olympian Athlete Okbai Tsegay from Denden Club, who finished second and third respectively. In the women’s half marathon category…

In a statement issued on Saturday, Ondaje Ijagwu, the commission's spokesperson, disclosed that the commission played no part in the development as alleged in recent media reports.

Container freight rates surged again this week as early peak season demand pushed prices higher across major East-West trade lanes. The Drewry World Container Index (WCI) increased 23% week-on-week to US$3,433 per 40-foot container. Drewry said stronger demand across Transpacific and Asia-Europe trades drove the sharp increase. The company added that this year’s peak season started earlier than usual. Transpacific routes recorded the largest gains. Rates from Shanghai to Los Angeles jumped 31% to US$4…

The World Health Organization (WHO) has handed over critical Ebola preparedness equipment and supplies to the Government of the Republic of Zambia, reinforcing national capacity to detect and respond to emerging public health threats. The consignment includes personal protective equipment (PPE), laboratory reagents, infection prevention and control materials, and specimen transportation supplies to support preparedness for Ebola Virus Disease (EVD) and other viral hemorrhagic fevers.…

Nigeria airlines recorded Africa’s fastest domestic seat capacity growth in June 2026, rising 21.7% year-on-year.

Sonko alluded to his split with Faye in a speech broadcast by the Pastef party.

In a Tehran neighbourhood dotted with shops selling football jerseys and sporting goods, 10-year-old Helma was already feeling World Cup fever.

Fincantieri’s subsidiary WASS Submarine Systems has signed a memorandum of understanding with Magellan Aerospace to explore industrial cooperation aimed at strengthening Canada’s underwater defense capabilities. The agreement was signed during CANSEC 2026 in Ottawa. The partnership focuses on supporting Canada’s defense sovereignty and expanding domestic industrial participation in underwater defense programs. The companies will explore opportunities in heavyweight torpedoes and torpedo countermeasure systems.…