African markets and business updates

The initiative forms part of the foundation’s broader target of empowering two million vulnerable women across Nigeria’s 36 states and the Federal Capital Territory (FCT), the statement said.

America’s biggest grid operators now have 60 days to explain whether their rules can handle the electricity demands of artificial intelligence—or whether they need to change. On October 15, the Federal Energy Regulatory Commission issued show-cause orders to all six major regional grid operators: PJM Interconnection, MISO, Southwest Power Pool, CAISO, ISO New England, and […]

Is rural Georgia really getting a power plant, or is AI getting a power plant that happens to be in rural Georgia? A $3.3 billion federal loan will help complete one of Georgia’s largest new power plants. The official purpose is rural reliability and affordable electricity. But the plant’s location—about half a mile from a […]

Peel Ports Group has appointed David Huck as its new Group Chief Executive Officer, following the departure of Claudio Veritiero earlier this month. Huck moves into the role from his previous position as Chief Operating Officer. He has spent 16 years with the company, including almost a decade on its executive leadership team. He will […] Peel Ports Group has appointed David Huck as its new Group Chief Executive Officer, following the departure of Claudio Veritiero earlier this month. Huck moves into the role from his previous position as Chief Operating Officer. He has spent 16 years with the company, including almost a decade on its executive leadership team.…

East African financial services group Jubilee and development agency FSD Africa have partnered with seven insurtech startups from the BimaLab Africa accelerator network to develop and pilot affordable insurance products for underserved Kenyans. BimaLab, an FSD Africa initiative, has supported 135 startups across 28 African countries over the past six years, helping develop more than [...]

East African financial services group Jubilee and development agency FSD Africa have partnered with seven insurtech startups from the BimaLab Africa accelerator network to develop and pilot affordable insurance products for underserved Kenyans. BimaLab, an FSD Africa initiative, has supported 135 startups across 28 African countries over the past six years, helping develop more than [...] East African financial services group Jubilee and development agency FSD Africa have partnered with seven insurtech startups from the BimaLab Africa accelerator network to develop and pilot affordable insurance products for underserved Kenyans.…

Berger Paints Nigeria Plc has rewarded investors with a 207.5% share-price gain in 2026, turning a N100,000 investment at the beginning of the year into approximately N307,500, excluding dividends and trading costs.

Burkina Faso has launched a CFA franc-denominated bond issue worth CFA100 billion ($171.2 million) to finance its 2026 budget, with subscriptions open from October 12 to 30. The issue offers fixed interest rates of 6.60% for five-year bonds, 6.75% for seven-year bonds and 7% ...

The United States wants Senegal to complete its debt restructuring in less than 12 months, although the parties have not yet set an official timeline. Senegal’s public debt has been reassessed at about 130% of GDP following the 2024 disclosure of previously undeclared borrowing ...

Aradel Holdings has more than doubled investors’ money this year, but anyone who bought at its April peak has experienced a different story.