African markets and business updates

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned that a return to petrol subsidy could trigger capital flight, weaken investor confidence and push the naira to between N3,000 and N4,000 to the dollar. Oyedele gave the warning on Monday during a press briefing at the International Monetary Fund and World […] Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned that a return to petrol subsidy could trigger capital flight, weaken investor confidence and push the naira to between N3,000 and N4,000 to the dollar.…

By Obas Esiedesa, Abuja Nigeria’s grid electricity supply crashed by 81.5 per cent to 675 megawatts (MW) at 1pm on Monday from 3,647MW, following a drop in the number of power plants supplying the national grid from 21 to 2. The development prompted electricity distribution companies, including Abuja Electricity Distribution Company (AEDC) and Ikeja Electric, […] By Obas Esiedesa, Abuja Nigeria’s grid electricity supply crashed by 81.5 per cent to 675 megawatts (MW) at 1pm on Monday from 3,647MW, following a drop in the number of power plants supplying the national grid from 21 to 2.…

By Providence Ayanfeoluwa & Glory Bassey Nigerian Exchange Group Plc (NGX Group) has been named Africa’s Best Exchange at the Euromoney Markets Awards 2026, recognising its contribution to market infrastructure, digital innovation and capital formation. Presented at the Mandarin Oriental Hyde Park, London, on Thursday, 15 October 2026, the award recognises achievements in market development […] By Providence Ayanfeoluwa & Glory Bassey Nigerian Exchange Group Plc (NGX Group) has been named Africa’s Best Exchange at the Euromoney Markets Awards 2026, recognising its contribution to market infrastructure, digital innovation and capital formation.…

In today's edition: Nedbank completes NCBA takeover || Why Onafriq shut down its Nigerian agent banking business || Union calls for Temu, Shein ban in SA || Camtel, Socadel to collaborate in Cameroon In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. If procrastinating on buying your Moonshot ticket were an Olympic sport, some of you would be bringing home medals. We’re now eight days out, and have decided to reward even the latecomers: all Moonshot tickets are 30% off until October 24. On October 28–29, the National Theatre in Lagos, Nigeria, will convene the founders, investors, operators, and builders shaping Africa’s tech ecosystem. Get your Moonshot ticket now .…

By Godwin Oritse Maritime experts have urged Nigeria’s maritime authorities to begin preparations ahead of the International Maritime Organisation’s (IMO) 2032 deadline for the implementation of the autonomous shipping regime, under which vessels will be operated remotely with minimal human intervention. The global autonomous shipping regime, structured under the IMO MASS Code (Maritime Autonomous Surface […] By Godwin Oritse Maritime experts have urged Nigeria’s maritime authorities to begin preparations ahead of the International Maritime Organisation’s (IMO) 2032 deadline for the implementation of the autonomous shipping regime, under which vessels will be operated remotely with minimal human intervention.…

NOTICE TO SHAREHOLDERS Alpha Namibia Industries Renewable Power Limited (Incorporated in the Republic of Namibia) Registration Number 2018/0148 NSX Share code: ANE ISIN: NA000A2JQ364 (“ANIREP” or “the Company”) NOTICE OF 8th ANNUAL GENERAL MEETING AND RESOLUTIONS NOTICE IS HEREBY GIVEN TO THE ANIREP SHAREHOLDERS that the Annual […] NOTICE TO SHAREHOLDERS Alpha Namibia Industries Renewable Power Limited (Incorporated in the Republic of Namibia) Registration Number 2018/0148 NSX Share code: ANE ISIN: NA000A2JQ364 (“ANIREP” or “the Company”) NOTICE OF 8th ANNUAL GENERAL MEETING AND RESOLUTIONS NOTICE IS HEREBY GIVEN TO THE ANIREP SHAREHOLDERS that the Annual General Meeting (‘AGM’) of the Shareholders of the Company will be held on 16 November 2026 at 10h00 (Namibian time) by way of virtual (electronic) meeting as per the link ANIREP 8th AGM.…

FirstRand Namibia Ltd Incorporated in the Republic of Namibia (Registration number: 88/024) ISIN: NA0003475176 Share Code (NSX): FNB RESULTS OF ANNUAL GENERAL MEETING: FIRSTRAND NAMIBIA LTD Shareholders are hereby informed that the Annual General Meeting of Shareholders was held on Friday, 16 October 2026. All the ordinary […] FirstRand Namibia Ltd Incorporated in the Republic of Namibia (Registration number: 88/024) ISIN: NA0003475176 Share Code (NSX): FNB RESULTS OF ANNUAL GENERAL MEETING: FIRSTRAND NAMIBIA LTD Shareholders are hereby informed that the Annual General Meeting of Shareholders was held on Friday, 16 October 2026.…

NEDBANK GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number: 1966/010630/06 JSE share code: NED NSX share code: NBK A2X share code: NED ISIN: ZAE000004875 JSE alpha code: NEDI (Nedbank Group) NEDBANK GROUP’S OFFER TO ACQUIRE C. 66% OF […] NEDBANK GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number: 1966/010630/06 JSE share code: NED NSX share code: NBK A2X share code: NED ISIN: ZAE000004875 JSE alpha code: NEDI (Nedbank Group) NEDBANK GROUP’S OFFER TO ACQUIRE C. 66% OF NCBA GROUP PLC (NCBA) BECOMES UNCONDITIONAL 1. Introduction 1.1.…

SATRIX COLLECTIVE INVESTMENT SCHEME Satrix MSCI World Feeder JSE Code: STXWDM NSX Code: SXNWDM ISIN: ZAE000246104 Satrix WDM or STXWDM A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002. LISTING OF ADDITIONAL Satrix MSCI […] SATRIX COLLECTIVE INVESTMENT SCHEME Satrix MSCI World Feeder JSE Code: STXWDM NSX Code: SXNWDM ISIN: ZAE000246104 Satrix WDM or STXWDM A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002.…

SATRIX COLLECTIVE INVESTMENT SCHEME Satrix S&P 500 Feeder JSE Code: STX500 NSX Code: SXN500 ISIN: ZAE000246641 Satrix 500 or STX500 A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002. LISTING OF ADDITIONAL Satrix S&P […] SATRIX COLLECTIVE INVESTMENT SCHEME Satrix S&P 500 Feeder JSE Code: STX500 NSX Code: SXN500 ISIN: ZAE000246641 Satrix 500 or STX500 A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002.…