African markets and business updates
Latest headlines from African markets, companies, and business sources.
Afreximbank delivers strong half-year 2026 performance, driven by robust growth and profitability
Afreximbank delivers strong half-year 2026 performance, driven by robust growth and profitability
African Export-Import Bank (Afreximbank) ( www.Afreximbank.com ) and its subsidiaries (“the Group”) delivered a strong financial performance for the six months ended 30 June 2026, underscoring the resilience of its business model and continued support towards trade and economic development activities across Africa and the Caribbean. The Group's total assets and contingencies increased by 7.8% to US$52.3 billion, up from US$48.5 billion at 31 December 2025. This growth was primarily driven by expansion in the Bank's lending activities, with net loans and advances increasing by 5.7% to US$35.4 billion, compared with US$33.5 billion at the end of 2025.…
As El Niño risk rises, mining needs to close the gap between warning and action
As El Niño risk rises, mining needs to close the gap between warning and action
As a potentially strong El Niño event develops, mining companies face an increasingly difficult question: how do they prepare for adverse weather risks that can vary significantly from one site to another? The World Meteorological Organisation (WMO) has highlighted the increasing likelihood of heatwaves, droughts, heavy rainfall and other extreme weather events as El Niño develops, …
Four arrested as Elephant deaths in Kenya’s Amboseli ecosystem rise to 18
Four arrested as Elephant deaths in Kenya’s Amboseli ecosystem rise to 18
Authorities say the investigation is still ongoing and that the preliminary findings must be scientifically verified. Kenya's government has warned that anyone found to have unlawfully killed or poisoned wildlife will face prosecution.
Iran announces major gas discovery in southern province
Iran announces major gas discovery in southern province
Iran says it has discovered more than 7.5 trillion cubic feet of natural gas in southern Fars province, with about 5.7 trillion cubic feet estimated to be recoverable. The announcement comes as Tehran faces growing pressure over its ability to export oil.
Aid cuts leave millions of Somali children facing hunger
Aid cuts leave millions of Somali children facing hunger
Drought, global funding cuts and conflict have left some 6 million Somalis facing crisis levels of hunger, about a third of the population. Two million children are suffering from acute malnutrition.
COP17: Finance, water, land top agenda as UN desertification talks enter final stretch in Mongolia
COP17: Finance, water, land top agenda as UN desertification talks enter final stretch in Mongolia
As the 17th session of the UN Convention to Combat Desertification enters its final week in Ulaanbaatar, ministers and global leaders will focus on finance, water, land, and food systems.
PortSide Stories: Dublin
PortSide Stories: Dublin
Ireland’s Maritime Gateway to the World The Port of Dublin sits at the heart of Ireland’s maritime trade. Located where the River Liffey meets Dublin Bay, the port connects the Irish capital with markets across Europe and beyond. Today, Dublin handles containers, Ro-Ro traffic, ferries and other cargo. Its location beside Ireland’s […] Ireland’s Maritime Gateway to the World The Port of Dublin sits at the heart of Ireland’s maritime trade. Located where the River Liffey meets Dublin Bay, the port connects the Irish capital with markets across Europe and beyond. Today, Dublin handles containers, Ro-Ro traffic, ferries and other cargo.…
Mozambique pipeline expansion to strengthen fuel security across Southern Africa
Mozambique pipeline expansion to strengthen fuel security across Southern Africa
A major expansion of the Beira-Harare fuel corridor is set to strengthen energy security across Southern Africa, increasing the supply capacity of a critical route serving Mozambique, Zimbabwe and several landlocked SADC markets. Companhia do Pipeline Moçambique-Zimbabwe (CPMZ), Lda. will hold a groundbreaking ceremony in Nhamatanda on 2nd September 2026, to mark the construction of …
Google raises cloud storage subscription price by 51.72% in Nigeria
Google raises cloud storage subscription price by 51.72% in Nigeria
Google said the price increase would not affect customers’ data, adding that subscribers would retain their existing storage capacity and all membership benefits.
Registration for 2026 Annual Meetings of AACB
Registration for 2026 Annual Meetings of AACB
Registration for 2026 Annual Meetings of AACB