African markets and business updates

CBN said its previous reforms have improved Nigeria's macroeconomic conditions, and the latest policy reset is intended to strengthen how monetary policy operates without abandoning its focus on inflation.

Ceuta is on alert. Spanish forces are patrolling the border after fresh calls on social media for migrants to cross from Morocco. The warnings follow a dramatic crisis on July 30 and 31, when more than 70,000 people entered the Spanish territory by swimming around the border fence.

Vodacom Tanzania and Tanzania Breweries Limited (TBL) have partnered to equip more than 26,000 retailers nationwide with business, financial and digital skills, in a move aimed at improving their efficiency, profitability and resilience.

Fewer than half of Africans enjoy a reliable supply of electricity from the national grid, with rural and low-income households particularly underserved, the latest Afrobarometer ( www.Afrobarometer.org ) Pan-Africa Profile ( ) shows. The reach of national electric grids varies widely across 38 African countries surveyed in 2024/2025, as does the share of households with an electricity connection that works most or all of the time. These shortcomings are reflected in citizens’ evaluations of their governments’ performance on electricity provision: On average, a majority offer negative assessments.…

The Minister of Power, Mr Joseph Olasunkanmi Tegbe, has disclosed that the Federal Government will deploy and install 300 containers of critical power equipment to boost transmission infrastructure upgrades nationwide.

Saving money in Nigeria has become easier, but turning those savings into wealth remains harder. Saving money in Nigeria has become easier, but turning those savings into wealth remains harder. Rank, a Nigerian integrated financial services and wealth management platform, wants to close that gap by pooling people’s savings so they can access investments and financial services that may be out of reach individually. Its model is simple: combine small savings into larger pools of capital that can invest in assets and opportunities typically available to wealthier investors.…

Net Zero Teesside Power Limited is advancing construction of Teesside gas power plant, the world’s first commercial-scale gas plant with integrated carbon capture. The 742MW project is taking shape at Teesworks in Redcar, northeast England. It combines a combined-cycle gas turbine plant with post-combustion carbon capture and compression facilities. Moreover, the development forms part of […]

This year’s theme is “Keep the Five Alive”, highlighting the fragile status of the surviving species in Africa and Asia.

African Export-Import Bank (Afreximbank) ( www.Afreximbank.com ) has issued a US$ 29 million guarantee to BSMART Technology Ltd to support the implementation and scaling of the EAC Customs Bond, the technology-enabled regional customs guarantee solution that facilitates the movement of goods across East African countries.…

Satellite communications company Eutelsat says it has successfully completed its first rail connectivity trial in Poland aboard a long-distance train, demonstrating its OneWeb LEO connectivity capabilities on a live rail network.