African markets and business updates

Ifeanyi Matthew, an expert in automobile and spare part has revealed poor electricity supply as one of the major challenges affecting the business operations in Nigeria. In an exclusive chat with The Guardian, the inconsistent power situation has continued to

HD Hyundai Samho has received Approval in Principle (AiP) from Bureau Veritas Marine & Offshore for a new container ship bow windshield design. The approval follows a Joint Development Project between the two companies. The certificate was presented during Posidonia 2026. The bow windshield sits at the front section of the vessel. It works together with the breakwater to reduce aerodynamic resistance. HD Hyundai Samho said the design improves hull efficiency while lowering manufacturing costs.…

DH Shipbuilding has secured an order for two Suezmax crude oil tankers from an Oceania-based shipping company. The contract is worth KRW282.8 billion in total. Each vessel is valued at KRW141.4 billion, making them the highest-priced ships ordered by the company this year. The latest deal adds to DH Shipbuilding’s growing orderbook after the yard exceeded its annual target during the first quarter. The customer first signed with DH Shipbuilding last year. Since then, the shipowner has steadily increased orders.…

Wärtsilä secured a contract to supply 452MW of power generation equipment and signed a long-term operation and maintenance agreement for the Pecos Power Plant in Texas. The plant belongs to Mercuria Americas and Continental Resources. The project is located in Pecos, Texas. It will provide flexible power generation to support grid reliability as renewable energy penetration increases. Wärtsilä booked an initial 226MW order in the first quarter of 2025.…

The Nigerian Independent System Operator (NISO) has distanced itself from an unauthorised social media account on X, formerly Twitter, operating under the name "Nigeria National Grid."

MTN Nigeria has opened its data billing and network operations to public scrutiny as the telecom operator seeks to address persistent consumer complaints over alleged data depletion and improve customer trust.

FedEx has completed the spin-off of FedEx Freight, creating two separate publicly traded companies. FedEx Freight started trading on the New York Stock Exchange on June 1 under the ticker symbol FDXF. FedEx continues trading under the ticker symbol FDX. The move establishes FedEx Freight as an independent company focused on the North American less-than-truckload (LTL) market. “The successful separation of FedEx Freight is a pivotal milestone…

. ..Subscribers insist on data transparency, freebies, among others SENIOR executives of telecom firm, MTN addressed burning consumer complaints regarding persistent network disruptions, high investment costs, and the controversial phenomenon of “data disappearance” during a passionate stakeholder forum, tagged: “Data

The National Insurance Corporation of Eritrea (NICE) conducted its annual shareholders meeting today, 6 June, at Asmara Palace. Mr. Paulos Tekleab, Acting Manager of the Corporation, indicated that the Corporation generated 321 million Nakfa in revenue from general insurance services in 2025. He went on to say that out of the 91 million Nakfa profit registered, 83 million Nakfa has been disbursed as dividends to shareholders. Noting that, as a result of sustainable awareness-raising activities…

Table of contents When and how to watch the Apple WWDC 2026 What to expect at the Apple WWDC 2026 When will you actually get these features? One more thing: Tim Cook’s farewell Apple’s WWDC 2026 keynote will be held on Monday, June 8, at 10 a.m. PT (6:00 p.m. WAT). If you have ever skipped an Apple software event because it felt like a routine update show, this is the year to pay attention. Two things make this year’s Apple WWDC different from any keynote in the past decade. One…