African markets and business updates

A search and rescue operation was launched as emergency teams combed through the enormous piles of waste for survivors.

By Babajide Komolafe & Onome Onyeme The Nigeria Deposit Insurance Corporation (NDIC) has strengthened its procurement capacity as part of efforts to enhance efficiency, transparency and accountability in the discharge of its mandate amid ongoing reforms in the banking sector. The Managing Director/Chief Executive Officer of NDIC, Mr. Thompson Oludare Sunday, stated this in Lagos at […] By Babajide Komolafe & Onome Onyeme The Nigeria Deposit Insurance Corporation (NDIC) has strengthened its procurement capacity as part of efforts to enhance efficiency, transparency and accountability in the discharge of its mandate amid ongoing reforms in the banking sector.…

In today's edition: Cell C in talks with Starlink, Amazon Leo || SA’s Gauteng wants to know who gig drivers are || IN Groupe eyes expansive role in Kenya || Malawi mulls tax relief for smartphones, Internet In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. Welcome to another week. The English Premier League has kicked off. While it wasn’t the best start to the campaign, we (Man United) still had it better than a certain fanbase that outspent us—embarrassing, but yes, I want to take things to a new low. All protests against this logic will fall on deaf ears.…

investment, production test By Victor Ahiuma-Young Five years after the enactment of the Petroleum Industry Act (PIA), stakeholders in Nigeria’s oil and gas industry have called on the Federal Government to close outstanding implementation gaps, warning that unfinished reforms and regulatory uncertainty could undermine investment, production growth and the country’s energy security.…

One hundred days have passed since the Democratic Republic of the Congo declared the ongoing Ebola outbreak, which has now become the country's fastest growing. Transmission is outpacing control efforts, requiring a substantial scale-up across all areas of response to halt the spread of the virus. A daily average of around 90 confirmed cases has been recorded in the first three months, markedly higher than the rate observed in the same period during the 2014–2016 West Africa and the 2018–2020 Democratic Republic of the Congo outbreaks. The outbreak has now expanded to a sixth province, with Ituri remaining the epicentre, accounting for about 85% of cases and 79% of deaths.…

Atomic Eagle Ltd. is pleased to announce it has agreed to terms of a mining convention with the Republic of Niger, restoring its interest in the Madaouela Uranium Project, which hosts a significant Mineral Resource estimated at 116.5Mlbs of U₃O₈. This development, combined with Atomic Eagle’s flagship Muntanga Project in Zambia, holding a JORC Mineral …

By Yinka Kolawole, with agency report The Federal Ministry of Communications, Innovation and Digital Economy and Nigeria Communications Satellite (NIGCOMSAT) Limited have commenced engagement with Israeli and French manufacturers for the production of two next-generation communications satellites for Nigeria. NIGCOMSAT said the satellites, NigComSat-2A and NigComSat-2B, would be delivered by Israel Aerospace Industries (IAI) and Thales […] By Yinka Kolawole, with agency report The Federal Ministry of Communications, Innovation and Digital Economy and Nigeria Communications Satellite (NIGCOMSAT) Limited have commenced engagement with Israeli and French manufacturers for the production of two next-generation communications satellites for Nigeria.…

lOutput drops 20.8% in five mature assets — Report lNigeria’s influence within OPEC+ declines lWe are committed to optimising output — Renaissance, Eni lBad omen requiring urgent steps — Experts By Udeme Akpan, Energy Editor There are indications that increased deployment of oil rigs in Nigeria has not translated into corresponding rise in crude oil production. […]

The hunger is not entirely gone from Kenya, but it will only return when the market stops paying founders to ignore it. Cet article est aussi disponible en français In partnership with --> First published on August 23, 2026 If you start a business in a normal environment, you face a very simple but brutal problem: you must convince people to give you more money for your product than it costs you to provide it. If you fail, you run out of money and stop being a business. We call this bootstrapping , but it’s really just doing business. But if you start a business in an environment suddenly flooded with foreign venture capital, your problem changes.…

Twenty-three stocks quoted on the Nigerian Exchange Limited (NGX) have delivered returns well above Nigeria’s inflation rate so far in 2026, providing investors with significant nominal gains despite a challenging macroeconomic environment.