African markets and business updates

Nigeria’s foreign exchange supply rose by 20.5% to $8.94 billion in 2025, from $7.43 billion recorded in 2024.

Financial analysts have projected that shares of Dangote Petroleum Refinery could rise up to N1,500 in months once listed on the Nigerian Exchange (NGX), even as they cautioned that early demand may not be matched by available supply.

Canada has introduced new instructions for applicants under the Atlantic Immigration Program (AIP) whose employment situation changes while their permanent residence applications are being processed. Under the updated rules, applicants affected by changes to their employer, job or employer ownership may have 90 days to submit additional documents, CIC News first reported. Failure to provide […]

The European Union plans to make €50 million, about CFAF 32.8 billion, available to Cameroon in 2027 as grant financing for the energy sector, placing electricity infrastructure at the center of the next phase of its Global Gateway investments in the country. Véronika Boskovic Pohar, EU Ambassador and Head of Delegation to Cameroon, announced the planned funding in Yaoundé during a review of technical cooperation under Global Gateway, alongside Economy, Planning and Regional Development Minister Alamine Ousmane Mey.…

The Red Sea Film Foundation announced Monday that it has postponed the sixth edition of the Red Sea International Film Festival, which had been scheduled for December in the Saudi city of Jeddah, until the fourth quarter of 2027.

TRUWORTHS INTERNATIONAL LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/017491/06) ISIN: ZAE000028296 LEI: 37890099AFD770037522 JSE and A2X Code: TRU NSX Code: TRW (“Truworths” or “the company”) NOTICE OF AN ACQUISITION OF A BENEFICIAL INTEREST IN TRUWORTHS SECURITIES Truworths advises shareholders in […] TRUWORTHS INTERNATIONAL LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/017491/06) ISIN: ZAE000028296 LEI: 37890099AFD770037522 JSE and A2X Code: TRU NSX Code: TRW (“Truworths” or “the company”) NOTICE OF AN ACQUISITION OF A BENEFICIAL INTEREST IN TRUWORTHS SECURITIES Truworths advises shareholders in terms of section 122(3)(b) of the Companies Act, (Act 71 of 2008), as amended (“Companies Act”) and paragraph 6.54 of the JSE Listings Requirements, that the company has received a notification in terms of section 122(1)(a) of the Companies Act that clients of Allan Gray Propriety Limited (“Allan Gray”) have acquired a beneficial interest in the company’s securities.…

Lagos-based agro-commodity trading firm, Equinorth Capital Limited, has applauded Sterling Bank for playing a central role in its trade business growth since the company commenced operations in 2020. This, according to the company, has engendered its market presence and its race towards market leadership, especially at a time when other financiers are pushing back on […]

New weekly B767/F Bahrain-Johannesburg service strengthens Sub-Saharan Africa connectivity and supports growing trade flows between Africa, the Gulf and global markets DHL Express ( www.DHL.com ) has marked an important milestone in its regional aviation network with the successful operation of the first direct DHL flight between Bahrain and South Africa. The inaugural flight arrived at OR Tambo International Airport in Johannesburg, opening a new weekly aviation lane operated by a DHL Express B767/F freighter.…

With the Dangote Petroleum Refinery and Petrochemicals IPO attracting significant investor interest, one of the key questions for prospective subscribers is how to participate in the offer.

Consider Mama Ngozi. Every month, she visits a state healthcare clinic in Umuahia to manage her chronic health conditions. At the front desk, a health worker inputs her sensitive medical history, home address, and telephone number into a newly deployed digital health portal. A few miles away, her son, a young schoolteacher, registers his tax […]