African markets and business updates

The Centre for the Promotion of Private Enterprise (CPPE) has warned that reversing Nigeria’s economic reforms would damage the economy and urged the government to shift its focus from macroeconomic stabilisation to productivity, jobs and improved living standards.

The CPPE’s comments came five days after the Finance Minister presented the Federal Government’s economic reform scorecard, with the group backing the reforms but urging a shift from economic stability to productivity, investment and improved living standards.

Nearly one in five Nigerian creative professionals spend more than half of their weekly working time on non-creative administrative tasks, limiting the time available for actual creative work, according to a new report by NECLive.

Scientists working in the country are grappling with the degradation of more than 100 million hectares of rangeland and exploring ways to restore degraded ecosystems.

Johann Rupert, South Africa’s richest person, has added $1.3 billion to his fortune in 2026, as his wealth continues to be tied closely to the performance of luxury goods and investment businesses.

Former world champion boxer Zolani Tete has been shot and killed at his home in South Africa, government officials said Friday

Ocean Network Express (ONE) will change its slot arrangement for services connecting China with the Red Sea. The carrier will leave the RCS service operated by Global Feeder Shipping, Regional Container Lines and T.S. Lines. Instead, ONE will take slots on the RES/CRX service operated by CU Lines and Zhonggu Logistics. ONE will market the […]

In Addis Ababa, Tigrayan women gather to celebrate Ashenda, while expressing hopes for lasting peace in Ethiopia's Tigray region, where recent drone strikes on the regional capital Mekella have renewed fears of conflict after the devastating 2020-2022 war

Regional Container Lines (RCL) has introduced a Port Congestion Surcharge (PCS) for all import shipments bound for Khor Fakkan, United Arab Emirates. The carrier said vessel waiting times at the port now exceed seven days. These delays have increased operating costs and affected berth availability. RCL introduced the surcharge to offset the additional costs and […]

Nigeria’s security crisis is widening as insurgent groups, criminal gangs and politically linked armed actors continue to exploit gaps in state security across several regions, according to SBM Intelligence.