African markets and business updates
Latest headlines from African markets, companies, and business sources.
GCR upgrades Fidelity Bank rating on stronger capital position
GCR upgrades Fidelity Bank rating on stronger capital position
Fidelity Bank's funding profile remains positive, underpinned by a large and stable deposit base
South Africa: Murder suspects appear in court as police find 10th body
South Africa: Murder suspects appear in court as police find 10th body
Two South African women appeared in court on Monday over the killing of one of nine women found dead near Johannesburg; meanwhile police found a tenth body.
Drug trafficking: Nigerian loses bid to block ‘extradition’ over 21-year Italy sentence
Drug trafficking: Nigerian loses bid to block ‘extradition’ over 21-year Italy sentence
The Federal High Court in Abuja has dismissed an application filed by Rowane Isah Ebisan against the Federal Government’s extradition proceedings over a 21-year, 11-month and 16-day imprisonment sentence imposed on him in Italy for offences bordering on illicit possession and trafficking of drugs.
Access Bank redeems $500 million Eurobond at maturity
Access Bank redeems $500 million Eurobond at maturity
Access Bank Plc has redeemed its $500 million Senior Unsecured Eurobond following the instrument’s maturity, marking the successful conclusion of a five-year international debt issuance launched in 2021.
$2.33bn HUMAIN MIS data Center: MIS to Build 250MW AI Facilities for HUMAIN in Saudi Arabia
$2.33bn HUMAIN MIS data Center: MIS to Build 250MW AI Facilities for HUMAIN in Saudi Arabia
HUMAIN MIS data center development will deliver 250MW of planned AI infrastructure capacity across Saudi Arabia. MIS will design and build the facilities for HUMAIN under an expanded agreement signed on September 19, 2026. The program increases the original 50MW capacity by another 200MW. It will therefore create a fivefold increase in the capacity covered […]
Japan launches weekly container throughput data for six major ports
Japan launches weekly container throughput data for six major ports
Japan has launched a new weekly container throughput report covering six of the country’s major ports, aiming to provide a faster picture of changes in international container flows. The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) began publishing the new Container Cargo Flow Weekly Report on 18 September, using data collected through Japan’s Cyber […] Japan has launched a new weekly container throughput report covering six of the country’s major ports, aiming to provide a faster picture of changes in international container flows.…
FMDA projects Nigeria’s liquidity inflows to drop 31% to N2.47 trillion this week
FMDA projects Nigeria’s liquidity inflows to drop 31% to N2.47 trillion this week
The Financial Markets Dealers Association (FMDA) has projected Nigeria's financial-system liquidity inflows to fall sharply this week to N2.47 trillion, about 30.62% drop from N3.56 trillion the previous week.
White Tank Battery Project Advances With $220M Financing in Arizona
White Tank Battery Project Advances With $220M Financing in Arizona
The White Tank battery energy storage project in Maricopa County, Arizona, is moving toward construction after GridStor closed a $220 million financing package for the 100-megawatt facility. The financing announced September 21 combines a tax-equity bridge, construction financing and term debt. ING Capital, KeyBanc Capital Markets and Zions Capital Markets provided the financing for the […]
$28.75bn North Field East Expansion Targets 2027 Start-up as Qatar LNG Construction Faces Delays
$28.75bn North Field East Expansion Targets 2027 Start-up as Qatar LNG Construction Faces Delays
North Field East expansion is targeting first LNG production in the first half of 2027, marking a major construction milestone for Qatar’s gas industry. Energy Minister Saad Sherida Al-Kaabi confirmed the schedule at the Qatar Economic Forum in New York. The first production train should enter service during the first half of 2027. However, additional […]
Fibre Cuts: Implications for Nigeria’s Digital Economy and National Security.
Fibre Cuts: Implications for Nigeria’s Digital Economy and National Security.
Despite massive investments by telecommunications operators in infrastructure, fibre-optic cable cuts remain the single biggest threat to quality of service in Nigeria today and a direct threat to the national economy and security. These cuts are a mix of wilful sabotage and unintentional disruption, but the effect is the same: nationwide outages, failed transactions, and […]