Wednesday, April 15, 2026

African Business & Economy

Fayose Meets Olubadan Amidst Rising Political Tensions in Oyo State

Former Ekiti State Governor, Ayodele Fayose, engaged in a significant closed-door meeting with the Olubadan of Ibadan, Oba Rashidi Ladoja, on Tuesday, April 14, 2026. The meeting, which lasted approximately 30 minutes, occurred against a backdrop of escalating political...

Zimbabwe’s Lithium Export Ban Cracks as China Secures Special Quotas, Highlighting Beijing’s Dominance

Zimbabwe's recent, stringent suspension of lithium concentrate exports, a move intended to curb revenue leakage and boost domestic processing, is already showing signs of significant compromise. Chinese firms, deeply entrenched in the African nation's burgeoning critical minerals sector, have...

MTN Group Sells Guinea-Bissau Subsidiary to Telecel Amid Strategic Divestment and Financial Restructuring

MTN Group, Africa's telecommunications behemoth, has officially completed the divestment of its Guinea-Bissau subsidiary to Mexico-based Telecel, following the receipt of crucial regulatory approvals. This strategic move marks a significant step in MTN's broader strategy to exit smaller, less...

Nigeria’s SMEs Stuck in Survival Mode as Rising Costs Squeeze Profits

A stark reality is unfolding within Nigeria's vital Micro, Small, and Medium-sized Enterprises (MSMEs) sector, as a significant majority grapple with meager daily profits and struggle to break free from a survivalist mode. According to the comprehensive "2025 Informal...

Delair Establishes African Headquarters in Rabat, Signaling Morocco’s Ascendancy as a Defense Technology Hub

French drone manufacturer Delair has announced a significant expansion into the African continent, establishing its regional headquarters in Rabat, Morocco. This strategic move, which includes the launch of a new subsidiary named Delair Africa, underscores the company's commitment to...

Nigeria Unveils Ambitious 20-Year Civil Aviation Master Plan to Revolutionize Air Travel

Nigeria has officially received a comprehensive 20-year Civil Aviation Master Plan (CAMP), spanning from 2025 to 2045, from the International Civil Aviation Organization (ICAO). This landmark document is poised to serve as the guiding blueprint for a profound transformation...

Abia State Police Command Neutralizes Three Kidnappers, Arrests Nine in Intensive Two-Week Crime Crackdown

The Abia State Police Command has reported significant successes in its ongoing campaign against criminal elements within the state, announcing the neutralization of three fleeing kidnappers and the arrest of nine other individuals involved in various criminal activities between...

A Russian Plan to Resettle South African Afrikaner Farmers Sparks Geopolitical Tensions

A proposal to resettle South African farmers in Russia has emerged as a new geopolitical flashpoint, with Errol Musk, father of tech magnate Elon Musk, confirming his involvement in a project aimed at securing refugee status for Afrikaners, a...

Shell Poised to Exit South African Downstream Market in $1 Billion Deal with ADNOC

South Africa's energy landscape is on the cusp of a significant transformation as British oil giant Shell enters advanced negotiations to divest its downstream assets in the country to the Abu Dhabi National Oil Company (ADNOC). This potential multibillion-dollar...

CSCS proposes N1.78 dividend for shareholders in 2025

The Central Securities Clearing System (CSCS) Plc, a pivotal player in Nigeria's financial infrastructure, has announced its intention to distribute a dividend of N1.78 per share to its shareholders for the 2025 financial year. This proposed payout underscores the...
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Ogun State Police Clamp Down on Unlawful Protests, Arrest 156 Suspects in Sagamu Following Major Disturbances

The Ogun State Police Command has issued a stern warning against unlawful protests and acts capable of disrupting public...
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