African markets and business updates

By Jeremiah Urowayino UN Global Compact Network Nigeria has said Nigeria does not lack capital but sufficient investable opportunities capable of attracting and absorbing it. This was disclosed at the 2026 CEO Forum of the UN Global Compact Network Nigeria, themed ‘Financing a Dignified Future: Aligning Capital, Policy and Business Action,’ which brought together chief […] By Jeremiah Urowayino UN Global Compact Network Nigeria has said Nigeria does not lack capital but sufficient investable opportunities capable of attracting and absorbing it.…

The Central Bank of Nigeria (CBN) has explained why it “reset” the Monetary Policy Rate (MPR) from 26.5% to 23%, saying the previous benchmark had become disconnected from the rates actually used in the financial markets.

The governor also attributed part of the improvement in Nigeria’s external buffers to diaspora remittances, which he said had played an important role in strengthening the country’s resilience.

Senior leadership for LemFi’s regulatory and policy engagement across West Africa, with an early focus on Nigeria Dr Haydar Daudu is an economist and former public-sector adviser who has worked with the Central Bank of Nigeria and the D-8 Organisation for Economic Cooperation LemFi, a CBN-licensed IMTO since 2023, serves more than 2 million customers […]

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday convened stakeholders and marketers following several reactions to its proposed Prevention of Anti-Competitive Practices and Behaviour Regulations 2026.

Bureau Veritas is targeting €1 billion in revenue from AI-driven markets and services by 2030 as it moves into the next phase of its LEAP | 28 strategy. The testing, inspection and certification group also upgraded its revenue growth expectations for 2027 and 2028. Bureau Veritas now expects total revenue to grow at a double-digit […] Bureau Veritas is targeting €1 billion in revenue from AI-driven markets and services by 2030 as it moves into the next phase of its LEAP | 28 strategy. The testing, inspection and certification group also upgraded its revenue growth expectations for 2027 and 2028.…

US President Donald Trump said Tuesday he has to decide whether to make a deal with Iran or "annihilate" the country, in a bombastic speech to the United Nations that appeared tailored to war-weary American voters

Cameroon’s National Shippers’ Council (CNSC) and the Port Authority of Kribi (PAK) are moving to connect their information systems to improve the monitoring of maritime traffic as container volumes through the deep-sea port continue to rise. The two institutions discussed system integration and data exchange during a working session at the CNSC headquarters in Douala on September 21, according to the Shippers’ Council. The project stems from an existing agreement between CNSC and PAK and is intended to establish data interfacing and exchange between their respective systems. CNSC said the initiative is aimed at ensuring more effective monitoring of maritime traffic.…

Lower Thames Crossing works are now reshaping construction sites across Kent and Essex as the £10.6 billion project moves into delivery. National Highways has begun extensive preparation ahead of the main tunneling operation beneath the River Thames. The 14.5-mile (23km) crossing will connect Kent with Thurrock and Essex through twin road tunnels. Meanwhile, construction activity […]

Cameroon and the International Monetary Fund (IMF) have reviewed electricity transmission bottlenecks, power losses and the financial position of the sector as the government works to increase the amount of electricity delivered from the 420 MW Nachtigal hydropower plant to major consumption and industrial centers. The discussions took place in Yaoundé on September 21 between Water and Energy Minister Gaston Eloundou Essomba and an IMF delegation led by Christine Dieterich, the Fund’s mission chief for Cameroon.…