African markets and business updates

Lloyd’s Register (LR) has granted Design Appraisal to an LNG carrier concept developed by HD Hyundai Heavy Industries (HD HHI) and designed to accommodate four of MOL’s Wind Challenger sails. The approval marks the latest stage in the project, which received Approval in Principle (AiP) from LR at Gastech 2025. The new Design Appraisal was […] Lloyd’s Register (LR) has granted Design Appraisal to an LNG carrier concept developed by HD Hyundai Heavy Industries (HD HHI) and designed to accommodate four of MOL’s Wind Challenger sails. The approval marks the latest stage in the project, which received Approval in Principle (AiP) from LR at Gastech 2025.…

Lufthansa Cargo has launched a new service providing its highest transport priority for urgent and time-critical air cargo shipments. The new “Emergency” add-on service is available at more than 200 stations across the Lufthansa Group network. It is designed for cargo that requires priority handling and close monitoring throughout transportation. Priority handling for urgent cargo […] Lufthansa Cargo has launched a new service providing its highest transport priority for urgent and time-critical air cargo shipments. The new “Emergency” add-on service is available at more than 200 stations across the Lufthansa Group network.…

Nigeria’s Tax Ombud has warned against a revenue-first approach to the country’s tax reforms, arguing that pursuing collection targets without building taxpayer trust risks undermining the sustainability of the entire system. The warning was contained in a speech by Dr. John Nwabueze, Nigeria’s first Tax Ombudsman, delivered on his behalf by his Chief of Staff, […]

The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over how foreign traders, particularly Chinese nationals, are...

Paga CEO Tayo Oviosu has said the fintech company generates about $1.5 billion in monthly transaction volume, while revealing that the business is valued in hundreds of millions of dollars. Oviosu made the disclosure during an interview with School of Hard Knocks, which returned to Nigeria to feature the Paga founder. According to Oviosu, Paga […]

Kenya is enforcing its Advance Cargo Declaration (ACD) requirement for containerized imports, with carriers warning that non-compliant shipments could face delays or be rolled to another vessel. The Kenya Revenue Authority (KRA) introduced the requirement from 3 August 2026. Strict compliance has been enforced since 1 September, according to a CMA CGM customer advisory. The […] Kenya is enforcing its Advance Cargo Declaration (ACD) requirement for containerized imports, with carriers warning that non-compliant shipments could face delays or be rolled to another vessel. The Kenya Revenue Authority (KRA) introduced the requirement from 3 August 2026.…

CPPE’s call followed a protest by some auto spare parts traders at the Lagos International Trade Fair Complex against the alleged involvement of some Chinese nationals in retail trading.

At a symposium organized today, 20 September, at Asmara Palace Hotel in connection with the Golden Jubilee of the establishment of the Revolution School, President Isaias Afwerki said that Eritrea’s strength and resources lie in its people, whose capabilities are enhanced through education and experience. Underlining that even before 50 years, Eritrea’s strength lay in its human resources, President Isaias emphasized the significance of working relentlessly to develop human resources to achieve the desired goals and, above all, secure the country’s future. At the event, attended by Ministers, senior Government and PFDJ officials, Army Commanders, religious leaders, and invited guests, Dr.…

Eritrea’s National Athletics Team won gold and bronze medals at the 2026 World Athletics Championships held in Denmark. In the 5 km road race held yesterday, 19 September, in Copenhagen, Olympian Dawit Seare and Athlete Saimon Samuel won gold and bronze medals, respectively, for the Eritrean National Team. Olympian Dawit finished the race in 12 minutes and 56 seconds, followed by a Norwegian athlete. Dawit’s winning time also set a new national record. It is to be recalled that Olympian Dawit Seare won the gold medal in the 5 km race at the African Athletics Championships held in Accra, Ghana, earlier this year. Distributed by APO Group on behalf of Ministry of Information, Eritrea.

The International Aluminium Institute joins partners across the beverage can value chain in New York on 22 September to make the economic case for recycling. The International Aluminium Institute (IAI) will take part in Climate Week NYC 2026 as a co-host of Advancing Aluminium Recycling as a Business Opportunity, convened by the Global Beverage Can Circularity […] The International Aluminium Institute joins partners across the beverage can value chain in New York on 22 September to make the economic case for recycling.…