African markets and business updates

Greater access to satellite systems means the continent can now utilise more data than ever

For years, Aloyce Kachele spent his days behind a barber’s chair in Kisumba Village, Rukwa Region. He worked hard, earned an honest living and served his community, but he knew he wanted to build something that could take him further. Agriculture surrounded him, yet he had never imagined it could become the foundation of his […] For years, Aloyce Kachele spent his days behind a barber’s chair in Kisumba Village, Rukwa Region. He worked hard, earned an honest living and served his community, but he knew he wanted to build something that could take him further. Agriculture surrounded him, yet he had never imagined it could become the foundation of his future.…

Cambodia is one of the answers gaining attention. The country's exports reached $30.14 in 2025, up 14.7 percent year on year Nigeria remains one of Africa’s largest importing economies, and China still supplies more than a third of everything that enters the country, from electronics to machinery to textiles. But rising freight costs, currency pressure, and a wave of new government trade initiatives are pushing more Nigerian importers to ask a question that used to be rare: where else can we source from? Cambodia is one of the answers gaining attention.…

Hapag-Lloyd has announced new requirements for transit shipments moving via Jeddah, Saudi Arabia, to Upper Gulf destinations. Following an update from the Saudi Ports Authority (Mawani), transit cargo can move through Jeddah to the United Arab Emirates, Kuwait, Qatar, Bahrain and Iraq. However, shipments remain subject to customs, terminal, documentation and clearance requirements. Customers responsible […]

By Babajide Komolafe RockPay, a Nigerian financial technology platform, has officially launched, introducing a new approach to digital finance that combines secure payments, business growth tools, and community-driven fundraising in one seamless platform. Designed for individuals, businesses, and communities, RockPay goes beyond traditional payment solutions by integrating peer-to-peer transfers, payment requests, QR code payments, payment […]

Tech giant Ericsson and MTN Group Fintech, which operates African digital financial platform MoMo (Mobile Money), say they have completed what they call the Mobile Money (MoMo) Evolved Migration across key African markets, with more markets on the way.

China Merchants Energy Shipping (CMES) is moving to take control of Chinese domestic container carrier Antong Holdings, according to DynaLiners. Antong is the parent company of Quanzhou Ansheng Shipping. CMES has increased its combined shareholding in Antong to 24.84%. Meanwhile, its wholly owned subsidiary Sinotrans Container Lines (Sinolines) directly holds a 14.94% stake. As a […]

South Korea has sent its first container ship through the Arctic route on a commercial trial voyage to Europe, following our report from earlier this year. South Korea to trial container ship in Arctic in September The government-backed voyage will test the route’s commercial viability as conflict in the Middle East disrupts established shipping corridors. […] South Korea has sent its first container ship through the Arctic route on a commercial trial voyage to Europe, following our report from earlier this year.…

The National Institute of Credit Administration (NICA) has called on the Federal Government to immediately capitalise the National Credit Guarantee Company (NCGC) with N2 trillion to expand access to credit for businesses and productive sectors of the economy. The Registrar and Chief Executive Officer of NICA, Prof. Chris Onalo, made the call in a statement […]

Maersk has introduced new optional digital services that support supply chain risk management, shipment visibility and emissions reporting. The carrier is launching Maersk Risk Management (MRM). It will also offer an integrated service combining MRM, Maersk Visibility Studio and Emissions Studio. Maersk Risk Management MRM monitors ongoing and emerging supply chain risks that could affect […]