African markets and business updates

The $5.1 billion Salt Lake City International Airport Redevelopment is scheduled to reach completion on October 27, when the final seven gates of Concourse B open to passengers in Utah. Airport officials say the opening closes a program that broke ground in July 2014 and lifts the airport to 94 aircraft gates. The Salt Lake […]

By Adaobi Abimbola Nigeria has joined the league of nations with globally recognised measurement standards following the signing of the Mutual Recognition Arrangement of the International Committee for Weights and Measures, CIPM MRA, in France. The agreement was signed by the Director-General of the Standards Organisation of Nigeria, SON, Dr Ifeanyi Chukwunonso Okeke, at the […] By Adaobi Abimbola Nigeria has joined the league of nations with globally recognised measurement standards following the signing of the Mutual Recognition Arrangement of the International Committee for Weights and Measures, CIPM MRA, in France.…

The Federal Government is targeting $7.1 billion in investments in the sugar industry over 10 years to boost domestic production above two million metric tonnes annually, create 110,000 jobs and save $2.1 billion in foreign exchange annually. The programme, coordinated by the National Sugar Development Council (NSDC), is aimed at reducing Nigeria’s dependence on imported […] The Federal Government is targeting $7.1 billion in investments in the sugar industry over 10 years to boost domestic production above two million metric tonnes annually, create 110,000 jobs and save $2.1 billion in foreign exchange annually.…

The World Bank, led by President Ajay Banga, plans to support African mining countries in developing local processing industries through government partnerships known as “Compacts.” Zambia, Mauritania and Malawi are pursuing different industrial goals, from manufacturing copper cables to producing higher-value iron products and ...

By Yinka Kolawole Nigeria’s manufacturing business activity plunged by about 10 per cent in September 2026, as a contraction in the cement subsector and weakening performance across several industries dragged down the sector’s business index, the Nigerian Economic Summit Group (NESG) has said. The group’s Business Confidence Monitor (BCM) showed that the manufacturing Current Business […] By Yinka Kolawole Nigeria’s manufacturing business activity plunged by about 10 per cent in September 2026, as a contraction in the cement subsector and weakening performance across several industries dragged down the sector’s business index, the Nigerian Economic Summit Group (NESG) has said.…

South32 Ltd. has opened the fiscal year 2027 on a high note, reporting an 11% increase in copper production at its Sierra Gorda operation and a record US$153 million quarterly distribution from this Chilean venture. The company has successfully maintained its production guidance across its diverse portfolio. Key developments and achievements Copper and Zinc projects …

In today's edition: Unbranded ATMs in SA || Banque du Caire could raise IPO stake to 45% || Vodacom keeps Safaricom stake—for now || Ghana eyes VAT revenue from foreign digital services In partnership with Lire en Français اقرأ هذا باللغة العربية Welcome to another week. We are nine days away from Moonshot 2026. Importantly, we’re running a limited FLASH SALE that you mustn’t miss! Until October 24, all tickets are 30% off , so now’s the perfect time to stop saying, “I’ll get mine later.” On October 28–29, the founders, investors, operators, and builders shaping African tech will convene at the National Theatre in Lagos, Nigeria. Be there! Get your Moonshot ticket now .…

By Yinka Kolawole Manufacturers have called on the Federal Government to introduce a 30 per cent Green Investment Tax Credit for companies investing in renewable energy and hybrid power solutions, as rising energy costs continue to undermine industrial productivity and push up production costs. Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, […] By Yinka Kolawole Manufacturers have called on the Federal Government to introduce a 30 per cent Green Investment Tax Credit for companies investing in renewable energy and hybrid power solutions, as rising energy costs continue to undermine industrial productivity and push up production costs.…

By Sebastine Obasi The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has called on industry operators to prioritise safety, regulatory compliance and digitalisation to drive sustainable growth in Nigeria’s liquid petroleum gas (LPG) sector. The call was made at its 2026 webinar last week with the theme; “Downstream LPG Operational Excellence and Compliance,” which […] By Sebastine Obasi The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has called on industry operators to prioritise safety, regulatory compliance and digitalisation to drive sustainable growth in Nigeria’s liquid petroleum gas (LPG) sector.…

The Federal Government disbursed N658.9 billion in direct cash transfers to 10.46 million poor and vulnerable households by September 2026, according to the World Bank’s latest Nigeria Development Update.