African markets and business updates

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.

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 …