African markets and business updates
Latest headlines from African markets, companies, and business sources.
Wheel defect, brake application might have caused Warri-Itakpe train derailment – NRC
Wheel defect, brake application might have caused Warri-Itakpe train derailment – NRC
Following the incident, NRC recommended comprehensive inspections and safety audits of rolling stock, tracks, and railway infrastructure across its operational corridors before equipment is returned to service.
NCNE says 5.2 million nomadic children shut out of school across Nigeria
NCNE says 5.2 million nomadic children shut out of school across Nigeria
No fewer than 5.2 million children from nomadic communities are currently out of school across Nigeria, with occupational mobility, climate change, and limited access to conventional schools identified as the primary drivers of the exclusion.
FirstBank, PAPSS and the race to own Africa’s payment rails
FirstBank, PAPSS and the race to own Africa’s payment rails
PAPSS is a real-time, centralized financial market infrastructure which was officially launched in January 2022 by Afreximbank and the African Continental Free Trade Area (AfCFTA).
US Embassy warns Nigerian visa applicants over fake documents, security threats
US Embassy warns Nigerian visa applicants over fake documents, security threats
The United States Government has warned Nigerian visa applicants that fraudulent documents or information suggesting a potential security threat will lead to immediate action by the authorities, including a ban.
PenCom registers 143,248 new pension accounts as coverage gap persists
PenCom registers 143,248 new pension accounts as coverage gap persists
The number of new Retirement Savings Accounts (RSAs) registered under Nigeria’s Contributory Pension Scheme (CPS) rose by 24.7% to 143,248 in the first quarter of 2026, up from 114,864 recorded in the preceding quarter.
Protests erupt in Tunisia after migrant boat sinks
Protests erupt in Tunisia after migrant boat sinks
The Tunisian city of Ben Guerdane erupted in protest on Saturday night one day after a boat carrying 15 migrants sank off the country's southeastern coast. Protesters blocked roads and set fire to tyres after the news of the shipwreck was announced.
Africa’s data sovereignty push is reshaping the AI race, and AWS wants in
Africa’s data sovereignty push is reshaping the AI race, and AWS wants in
Amazon Web Services (AWS) is betting that it can resolve that tension, giving African organisations access to AI and global cloud infrastructure while allowing them to retain control over sensitive data. From Nigeria to Kenya and South Africa, regulators are introducing rules requiring certain categories of sensitive information to remain within national borders or imposing stricter conditions on their transfer abroad. The push reflects a broader concern: as data becomes increasingly valuable to artificial intelligence, governments want greater control over the information generated by their citizens, businesses and public institutions.…
GRZ Bonds Secondary Market Trade Summary Report 21.08.2026
GRZ Bonds Secondary Market Trade Summary Report 21.08.2026
Download PDF GRZ Bonds Secondary Market Trade Summary Report 21 . 08.2026 Download PDF
Port of Koper container throughput rises 5% in first half of 2026
Port of Koper container throughput rises 5% in first half of 2026
The Port of Koper handled 656,150 TEUs in the first half of 2026, representing a 5% increase compared with the same period last year. Luka Koper also reported higher revenue and profit, while total maritime cargo throughput remained stable despite uncertainty across global trade and shipping markets. Total maritime throughput reached 11.5 million tonnes, up […] The Port of Koper handled 656,150 TEUs in the first half of 2026 , representing a 5% increase compared with the same period last year. Luka Koper also reported higher revenue and profit, while total maritime cargo throughput remained stable despite uncertainty across global trade and shipping markets.…
Asante secures extension on key financing deadlines to advance capital strategy
Asante secures extension on key financing deadlines to advance capital strategy
Asante Gold Corp. announced that its senior lenders and hedge counterparties have agreed to extend two critical deadlines related to its Senior Facilities Agreement, providing the company with additional flexibility as it pursues broader financing options. Originally, Asante was required to secure at least US$100 million in new funding by 31st August 2026, and to …