African markets and business updates

Nigeria’s inflation continued to decelerate in August, with headline inflation falling for the third consecutive month to 15.39% from...

The Chairperson of the African Union Commission, H.E. Mahmoud Ali Youssouf, accompanied by the Deputy Chairperson H.E. Ms. Salma Malika Hadadi and a delegation of AU Commissioners and Heads of AU Organs, has arrived in New York to participate in the High-Level Week of the 81st Session of the United Nations General Assembly (UNGA81). UNGA81 is convened under the theme, “Restoring Trust, Managing Transformation: A United Nations That Delivers for All.” Against this backdrop, the Chairperson will amplify Africa’s voice and priorities, underscoring three key messages: - Africa must have a stronger voice in shaping global decisions.…

CMA CGM Short Sea Lines (SSL) Intra Europe will adjust its Bunker Adjustment Factor (BAF) on the RoRo South service connecting France and Tunisia. The revised surcharge will take effect on 1 October 2026 and will apply to both import and export cargo. New BAF levels from October Under the new structure, the BAF for […] CMA CGM Short Sea Lines (SSL) Intra Europe will adjust its Bunker Adjustment Factor (BAF) on the RoRo South service connecting France and Tunisia. The revised surcharge will take effect on 1 October 2026 and will apply to both import and export cargo. New BAF levels from October Under the new structure, the BAF for full rolling units will be €718 per unit.…

The Federal Government through the RMAFC has moved to ensure equitable distribution of the 13% derivation fund among oil-producing states through the re-verification of disputed and newly drilled oil and gas wells.

Twiga Foods demonstrated that venture capital subsidies can accelerate customer acquisition, but they cannot change unit economics. Cet article est aussi disponible en français The expensive life of Twiga Foods Spend enough time around venture capital in emerging markets, and you keep hearing the same ambition: modernising the informal economy. Look at Nairobi, Kenya. Tens of thousands of neighbourhood kiosks sell bananas, tomatoes, and cooking oil, yet getting those goods from a smallholder farmer to a shop can involve four or five informal brokers, each taking a cut. Much of the trade still runs through wholesale markets, driven by handwritten ledgers, cash, and little technology.…

At the centre of the dispute are majority shareholders who collectively own 65 per cent of the company and a minority shareholder, Chen Dongfeng, who they say holds about eight per cent equity but has allegedly assumed effective control of the business.

Nigeria’s push to expand compressed natural gas (CNG) as an alternative transport fuel is entering a crucial stage, with the success of the...

Salvador, the capital of Bahia state, is promoting the reuse of residual palm oil from its iconic acarajé fritters — African-inspired, shrimp-filled dumplings made with peeled black-eyed peas and onions and served with sauce.

Cryptocurrency billionaire Changpeng Zhao’s net worth rose by $9.76 billion in 24 hours to $91.2 billion, according to Forbes’ real-time...

The Northwest Seaport Alliance (NWSA) handled 235,795 TEUs in August 2026, down 8.2% compared with the same month last year. The decline was driven mainly by weaker imports. Full international imports fell 10.3% year on year to 83,378 TEUs. Full exports were more resilient, decreasing 2.1% to 41,195 TEUs. Imports drive year-to-date decline During the […] The Northwest Seaport Alliance (NWSA) handled 235,795 TEUs in August 2026, down 8.2% compared with the same month last year. The decline was driven mainly by weaker imports. Full international imports fell 10.3% year on year to 83,378 TEUs. Full exports were more resilient, decreasing 2.1% to 41,195 TEUs.…