African markets and business updates

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.

The Nigeria Customs Service (NCS), Apapa Area Command, recorded N28.1 billion in revenue in a single day on August 18, 2026, setting a new record for the command.

In a suit before a court in Washington, Joseph Kabila who led Congo from 2001 to 2019 contends that his blacklisting by the Office of Foreign Assets Control (OFAC) in April was based on unsubstantiated allegations

Bitcoin (BTC) is seeing a big macro-driven breakout, through the $78K mark for its best price since May. Bitcoin posted its best weekly gain in more than three years as traders assess the fallout from a recent spike in bond yields and fiscal consolidation in the world's largest economy

Nigerian equities extended their correction for a second straight week, with the benchmark NGX All-Share Index (ASI) declining 3,268.04 points, or 1.35%, to close at 239,351.16 points, down from 242,619.20 points the previous week, as broad-based weakness across banking, oil & gas, insurance, and growth stocks continued to weigh on the market.

The Nigerian Navy, under Operation DELTA SENTINEL, has dismantled three illegal refining sites in the Okolomade and Ogbogolo areas of Rivers State and recovered approximately 91,000 litres of suspected stolen crude oil.

Nigeria’s Ahavaplan is helping event planners run their businesses from one place. Founded by Christine Imoukhuede, Ahavaplan gives event planners a permanent link that clients use to reach them, a pipeline that tracks every inquiry from first contact to booking, invoicing and payment tracking that clients can see, and a portal where clients review proposals [...] Nigeria’s Ahavaplan is helping event planners run their businesses from one place.…

Fincantieri and Viking have signed contracts for the construction of two new cruise ships, extending their long-standing shipbuilding partnership. The vessels will be built at Fincantieri’s Ancona shipyard in Italy and are scheduled for delivery in 2032. The contracts follow Viking’s exercise of options announced in April 2025. The agreement remains subject to financing and […] Fincantieri and Viking have signed contracts for the construction of two new cruise ships , extending their long-standing shipbuilding partnership. The vessels will be built at Fincantieri’s Ancona shipyard in Italy and are scheduled for delivery in 2032 .…

Maersk has stopped accepting bookings that combine Shipper Owned Containers (SOC) with its inland services from Hungary to Far East Asia. The restriction takes effect immediately and covers destinations within the E2/E scope. Maersk introduced the measure because of limited inland network capacity. The carrier also needs to prioritise the repositioning of its own equipment. […] Maersk has stopped accepting bookings that combine Shipper Owned Containers (SOC) with its inland services from Hungary to Far East Asia. The restriction takes effect immediately and covers destinations within the E2/E scope. Maersk introduced the measure because of limited inland network capacity.…