African markets and business updates

Bolloré Energy reported higher revenue and operating profit in the first half of 2026, despite a decline in volumes sold. Revenue reached €1.467 billion, up 10% from €1.337 billion in the same period last year. On an organic basis, revenue increased by 9%. Energy volumes fall 10% The revenue increase came despite a 10% decline […] Bolloré Energy reported higher revenue and operating profit in the first half of 2026, despite a decline in volumes sold. Revenue reached €1.467 billion, up 10% from €1.337 billion in the same period last year. On an organic basis, revenue increased by 9%.…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is aware of the financial pressure caused by the recent increase in petrol prices, but maintains that it does not fix pump prices under Nigeria’s deregulated petroleum market.

Hapag-Lloyd will increase ocean tariff rates from Pakistan to North Europe, the Mediterranean and the Black Sea. The revised rates will apply to sailings starting from 1 October 2026 and will remain valid until further notice. Revised tariff levels Destination Equipment Current rate New rate North Europe 20-foot dry US$5,200 US$5,420 Mediterranean and Black Sea […] Hapag-Lloyd will increase ocean tariff rates from Pakistan to North Europe, the Mediterranean and the Black Sea. The revised rates will apply to sailings starting from 1 October 2026 and will remain valid until further notice.…

Delo Group’s Ruscon has completed its first Northern Sea Route voyage of the current navigation season, according to DynaLiners. A 3,700 TEU container ship called at Nansha, Taicang and Rizhao before sailing through the Arctic route to St. Petersburg. Ruscon claimed that the voyage reduced transit time by approximately 20 days compared with the traditional […] Delo Group’s Ruscon has completed its first Northern Sea Route voyage of the current navigation season, according to DynaLiners. A 3,700 TEU container ship called at Nansha, Taicang and Rizhao before sailing through the Arctic route to St. Petersburg.…

Cameroon’s National Hydrocarbons Corporation, SNH, and Perenco have released new data on exploration and development work in the Rio del Rey basin. The information was presented on September 17, 2026, in Yaoundé at a meeting marking the appointment of Julien Gras as managing director of Perenco’s Cameroonian subsidiaries. According to a briefing note prepared by SNH for the meeting, work at the Kita and Bokwango structures under the Rio del Rey production-sharing contract identified more than 30 million barrels of oil and more than 40 billion cubic feet of gas. The state company also reported a new appraisal well at Bekita.…

A 44 MW solar photovoltaic project with battery storage is being developed in Banyo, in Cameroon’s Adamawa region. Socadel, formerly Eneo, is already working on a program to add solar generation to the local thermal power plant. The new project is being promoted by the Foundation for Development of Ecology & Humankind, Fondecoh, in partnership with the Banyo municipal council and Supernova Energy, according to the Electricity Sector Regulatory Agency, Arsel. The developers presented the project to the regulator on September 8, 2026, in Yaoundé.…

S&P Global Ratings has cut its 2026 growth forecast for Cameroon to 3.5% and raised its projections for the fiscal and current account deficits to 2.5% and 4.4% of GDP, respectively. The revised estimates were published alongside S&P’s September 18, 2026 decision to affirm the country’s long- and short-term sovereign ratings at “B-/B,” with a stable outlook. The new projections are less favorable than S&P’s March 2025 outlook. At the time, the agency expected average growth of 4.3% between 2025 and 2028 and fiscal deficits averaging close to 1% of GDP over the period.…

ACEP Cameroun posted net profit of CFAF 803.6 million in 2025, up from CFAF 755.6 million a year earlier, according to data published by the Central African Stock Exchange, BVMAC, in its September 17, 2026 Official Listing Bulletin. Net profit rose 6.3%, or nearly CFAF 48 million. The increase outpaced growth in the institution’s net financial income, which rose from CFAF 7.745 billion to CFAF 7.970 billion over the same period, an increase of 2.9%. Net profit represented 10.1% of net financial income in 2025, compared with 9.8% in 2024. This was the second consecutive year of net profit growth.…

The President said Nigeria’s exposure to global energy price shocks makes the transition to alternative fuels necessary.

Nigerian billionaire Femi Otedola’s net worth has risen by $200 million from its August valuation to $2 billion, according to Forbes’ latest Real-Time Billionaires data.