African markets and business updates

The war over the Strait of Hormuz has spent six months being fought with missiles, tankers, and toll disputes. This week it acquired a fourth battlefield: China’s balance sheet. The war over the Strait of Hormuz has spent six months being fought with missiles, tankers, and toll disputes. This week it acquired a fourth battlefield: China’s balance sheet. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don't have an account? Register

The approval comes with a condition that MTN must sell down up to 30% of its stake in the Nigerian component of IHS at market prices over time. MTN Group has secured conditional approval from Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) for its acquisition of the remaining stake in IHS Towers, clearing a major regulatory hurdle in its $2.2 billion takeover of the tower company. The approval comes with a condition that MTN must sell down up to 30% of its stake in the Nigerian component of IHS at market prices over time. “MTN is comfortable with the conditions as set out,” the company said in its interim financial results for the six months ended 30 June 2026.…

The Nigerian technology company’s nomination highlights a growing focus on helping businesses across industries bring finance, operations, sales and other core processes into one integrated ERP platform.

MTN Group has secured conditional approval from Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) for its proposed $6.2 billion acquisition of IHS Holding Limited, marking a significant progress in the completion of one of Africa’s largest telecommunications infrastructure transactions.

The Joint Admissions and Matriculation Board (JAMB) has introduced a new online system that allows 2026 Unified Tertiary Matriculation Examination (UTME) candidates to verify and upload their O’Level results without visiting a Computer-Based Test (CBT) centre.

The end-of-service ceremony, held on 20th August 2026 at the Ministry of Planning and Economic Development in Freetown, brought together government officials, ECOWAS representatives, supervisors, host institutions, and other stakeholders. The ceremony was chaired by Mr Komba Momoh, Deputy Development Secretary II and Head of the ECOWAS National Office, who also recognised the volunteers’ important contributions to their host institutions. The ECOWAS Volunteer Programme Country Coordinator, Mr Preaches G.…

This document, executed in two original copies, was signed by the Vice-President of the Commission of the Economic Community of West African States (ECOWAS), H.E. Damtien Larbli Tchintchibidja; the Minister Delegate for Higher Education and Scientific Research of Togo, Prof. Gado Tchangbedji, representing the Minister of National Education; and the representative of the President of the University of Lomé, Prof. Edinam Kola marking a decisive step toward the operationalization of these two Master’s programs.…

Fidelity Bank Plc has obtained approval from the Nigerian Exchange Limited (NGX) to extend the deadline for the publication of its audited financial statements for the half-year ended June 30, 2026, to September 30, 2026.

Fidelity Bank said the extension became necessary because the audit of its H1 2026 financial statements is still being finalised.

The group’s service revenue grew 17.5% in constant-currency terms to R115.3 billion ($7.21 billion) in the first half of 2026, but the gains were concentrated outside its home market. Ghana, Nigeria, Uganda, Côte d’Ivoire, and Cameroon were among the strongest contributors, while South Africa posted just 1.5% service-revenue growth. MTN’s growth engine is moving beyond South Africa, with markets such as Nigeria and Ghana driving much of the group’s momentum in the first half of 2026. The group’s service revenue grew 17.5% in constant-currency terms to R115.3 billion ($7.21 billion) in the first half of 2026, but the gains were concentrated outside its home market.…