Business Desk
Nigeria Rolls Out 30-Day NNPC Petrol Discount
Nigeria’s government has announced a 30-day discount on petrol sold by state oil company NNPC Limited, as pump prices hit record highs of roughly…
NAIRA: Official Rate Holds Near ₦1,329/$1, Parallel Market Pushes Past ₦1,380
₦1,329.15. That’s what the Central Bank of Nigeria posted for the official rate on Wednesday, September 16. Walk into a Bureau de Change in…
Kenya Approves Asahi’s $2.3 Billion EABL Buyout
Kenya’s competition watchdog has approved Japanese brewer Asahi Group Holdings’ $2.3 billion acquisition of Diageo’s 65 percent stake in East African Breweries Limited, clearing…
Chinese Electric Bike Imports to Africa Surge 60% to $114.6M, Led by North Africa
North Africa is rapidly becoming one of Africa’s biggest markets for electric motorcycles and scooters, with Morocco, Egypt and Algeria driving a sharp increase…
Harare Deploys Police To Clear Street Vendors Downtown
Harare deployed 300 municipal police officers this week to clear street vendors from the central business district, enforcing a seven-day ultimatum for informal traders…
Senegal To Reprofile $3.5 Billion In Debt Arrears
Senegal will “reprofile” 1.956 trillion CFA francs ($3.5 billion) in domestic payment arrears rather than pursue a formal debt restructuring, Prime Minister Ahmadou Al…
Uber Exits Nigeria And Uganda After 12 Years
Uber has shut down its ride-hailing operations in Nigeria and Uganda, ending 12 years in Africa’s largest economy effective September 2, 2026, the company…
Tanzania Opens Bond Market To All Foreign Investors
Tanzania has opened its treasury bills and government bonds market to foreign investors of any nationality, scrapping rules that previously limited participation to buyers…
Dangote Refinery IPO Opens September 14 at N525: What You Need to Know
September 14, 2026. That is the day the order book opens for the most consequential IPO in Nigeria’s capital market history, and one of…