African markets and business updates

For years, Aloyce Kachele spent his days behind a barber’s chair in Kisumba Village, Rukwa Region. He worked hard, earned an honest living and served his community, but he knew he wanted to build something that could take him further. Agriculture surrounded him, yet he had never imagined it could become the foundation of his […] For years, Aloyce Kachele spent his days behind a barber’s chair in Kisumba Village, Rukwa Region. He worked hard, earned an honest living and served his community, but he knew he wanted to build something that could take him further. Agriculture surrounded him, yet he had never imagined it could become the foundation of his future.…

Hapag-Lloyd has announced new requirements for transit shipments moving via Jeddah, Saudi Arabia, to Upper Gulf destinations. Following an update from the Saudi Ports Authority (Mawani), transit cargo can move through Jeddah to the United Arab Emirates, Kuwait, Qatar, Bahrain and Iraq. However, shipments remain subject to customs, terminal, documentation and clearance requirements. Customers responsible […]

Tech giant Ericsson and MTN Group Fintech, which operates African digital financial platform MoMo (Mobile Money), say they have completed what they call the Mobile Money (MoMo) Evolved Migration across key African markets, with more markets on the way.

China Merchants Energy Shipping (CMES) is moving to take control of Chinese domestic container carrier Antong Holdings, according to DynaLiners. Antong is the parent company of Quanzhou Ansheng Shipping. CMES has increased its combined shareholding in Antong to 24.84%. Meanwhile, its wholly owned subsidiary Sinotrans Container Lines (Sinolines) directly holds a 14.94% stake. As a […]

South Korea has sent its first container ship through the Arctic route on a commercial trial voyage to Europe, following our report from earlier this year. South Korea to trial container ship in Arctic in September The government-backed voyage will test the route’s commercial viability as conflict in the Middle East disrupts established shipping corridors. […] South Korea has sent its first container ship through the Arctic route on a commercial trial voyage to Europe, following our report from earlier this year.…

The National Institute of Credit Administration (NICA) has called on the Federal Government to immediately capitalise the National Credit Guarantee Company (NCGC) with N2 trillion to expand access to credit for businesses and productive sectors of the economy. The Registrar and Chief Executive Officer of NICA, Prof. Chris Onalo, made the call in a statement […]

Maersk has introduced new optional digital services that support supply chain risk management, shipment visibility and emissions reporting. The carrier is launching Maersk Risk Management (MRM). It will also offer an integrated service combining MRM, Maersk Visibility Studio and Emissions Studio. Maersk Risk Management MRM monitors ongoing and emerging supply chain risks that could affect […]

George Nwabueze has defended the status of the Made-in-Nigeria Project Office after the ICPC accused him of promoting a fictitious federal agency, posting documents he said showed the office’s links to the OSGF.

The National Drug Law Enforcement Agency (NDLEA) has arrested a 101-year-old great-grandmother for allegedly dealing in cannabis and intercepted consignments of illicit drugs worth more than N4.4 billion across Nigeria.

Maersk has announced an updated fuel surcharge for truck transportation in Cyprus amid rising fuel costs linked to the situation in the Middle East. The new rate will take effect on 24 August 2026. Maersk described the surcharge as an exceptional measure that will apply during the coming weeks. Cyprus fuel surcharge The following surcharge […]