African markets and business updates

Cameroon and the European Union discussed investment opportunities in energy, transport infrastructure, digital connectivity, agriculture and mining as both sides look to deepen economic cooperation and support the country’s development priorities. The discussions took place in Yaoundé on September 21 during a first meeting between Finance Minister Louis Paul Motaze and Veronika Bošković Pohar, the new Head of the European Union Delegation to Cameroon and Equatorial Guinea. According to the Ministry of Finance, discussions focused on investment opportunities in strategic sectors and the financing instruments that could be mobilized to support Cameroon’s development.…

The Bank of Central African States (BEAC) is expanding payment infrastructure across the CEMAC region as African central banks push for deeper monetary and financial integration, with cross-border payments emerging as one of the most immediate areas for progress. The issue featured at the 48th annual meetings of the Association of African Central Banks (AACB), held in Nairobi from September 13 to 18. The meetings were chaired by BEAC Governor Yvon Sana Bangui, who is also AACB president for the 2025-2026 term. Thirty-four of the association’s 41 member central banks, representing 53 African countries, attended the meetings.…

Trading activity on the Nigerian Exchange Limited (NGX) closed on a strong note on Tuesday, driven by robust turnover in financial sector equities.

The Atlanta City Council unanimously approved 14-0 Monday to support the $3.5 billion Atlanta Beltline light rail project for the entire 22-mile route. The resolution therefore urges the mayor’s office to collaborate with MARTA and Atlanta Beltline, Inc. to implement and fund. The vote brings a long-debated transit question closer to a real decision on […]

California’s $231 billion High-Speed Rail project could be dramatically downsized to a small track segment ending at a remote Central Valley orchard if funding runs out by December 2027. The state could then cancel plans to link Merced and Bakersfield. Instead it would finish just a short section between Madera and Poplar Avenue in rural […]

Nigeria’s Minister of Power, Joseph Tegbe, says the Federal Government is shifting its focus from immediate stabilisation of the electricity sector to deeper infrastructure reforms, investment mobilisation and expansion of the national grid

As Saudi Aramco joins the ship-to-ship relay pioneered by Abu Dhabi, a wartime improvisation off Oman’s coast is hardening into permanent infrastructure at a cost now measured in barrels, not dollars. As Saudi Aramco joins the ship-to-ship relay pioneered by Abu Dhabi, a wartime improvisation off Oman’s coast is hardening into permanent infrastructure at a cost now measured in barrels, not dollars. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don't have an account? Register

Nigeria’s equities market could see stronger investor demand following the Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis points to 23%.

The think tank said the adjustment could provide relief to businesses, particularly those operating in manufacturing, agriculture, construction and logistics, where high financing costs have constrained investment, production and working capital.

Nigeria’s foreign reserves have crossed $55 billion, reaching their highest level in more than 18 years, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso.