African markets and business updates

Nigerian equities closed the first trading week of June 2026 on a negative note as sustained profit-taking across banking, industrial, and oil and gas counters dragged the NGX All-Share Index (ASI) down 3.11% to settle at 242,593.31 points.

Nearly three years after a catastrophic storm tore through eastern Libya's port city of Derna killing almost 4,000 people the city is getting back on its feet, but the trauma persists.

President John Dramani Mahama has arrived in Minsk to begin a state visit to the Republic of Belarus. From the airport where he was received by Deputy Prime Minister Viktor Karankevich and a delegation of senior Belarusian officials, President Mahama visited the Victory Monument to lay a wreath in honour of Belarusian and Soviet Army soldiers who died liberating the country in World War II. The wreath laying ceremony was witnessed by the Governor of Minsk, Vladimir Kukharev Governor…

The dedication ceremony comes less than two years after President Boakai broke ground for the project on October 11, 2024, demonstrating steady progress in the Government’s efforts to strengthen the country’s energy infrastructure. The project includes the newly constructed 20-megawatt solar photovoltaic facility and supports plans for the expansion of the Mount Coffee Hydropower Plant by 42 megawatts. Speaking at the dedication ceremony…

The first five months of the year were shaped by domestic macroeconomic adjustments, global shocks, and fiscal pressures.

This profile feature spotlights the CFOs of the 10 most valuable companies listed on the NGX as of May 2026, highlighting the finance executives overseeing some of the largest corporate balance sheets in Nigeria and helping navigate a market that continues to reach new highs, even as the pace of gains begins to moderate.

Displaced migrants following xenophobic violence in South Africa’s Western Cape province left the region by bus on Thursday.

The Chairperson of the African Union (AU) Commission, H.E. Mahmoud Ali Youssouf, has learned with deep sadness of the passing of H.E. Manuel Domingos Augusto, former Minister of External Relations of the Republic of Angola, distinguished diplomat, and a committed Pan-Africanist. The AUC Chairperson extends his heartfelt condolences, on behalf of the African Union Commission, to the Government and people of the Republic of Angola, as well as to the bereaved family, friends, and colleagues of the late diplomat.…