Business

Femi Otedola Tightens Grip on Nigeria’s Oldest Bank, First HoldCo

Femi Otedola Tightens Grip on Nigeria’s Oldest Bank, First HoldCo

Nigeria · DEALS Key Facts —The institution: First Bank of Nigeria was founded in 1894 and now operates under the holding company First HoldCo Plc, renamed from FBN Holdings in 2025. —Otedola’s stake: By late July 2025, Femi Otedola held…

Truck Shutdown Threat Returns in South Africa

Truck Shutdown Threat Returns in South Africa

South Africa · TRADE Key Facts —Sector value: South Africa’s road freight and logistics sector was worth R480 billion (about US$29.4 billion), according to Business Day reporting in 2023. —Driver breakdown: Of 44,021 registered truck…

Senate, NA leadership pledge closer cooperation for stable parliamentary system

Dawn

Senate, NA leadership pledge closer cooperation for stable parliamentary system

ISLAMABAD: The leadership of the Senate and National Assembly on Saturday agreed to enhance institutional cooperation and coordination for a stable parliamentary democratic system. According to a statement issued by the Senate Secretariat…

Dawn

Angola nears single-digit inflation for first time in decades as rate cuts begin

Angola nears single-digit inflation for first time in decades as rate cuts begin

Angola · ECONOMY Key Facts —Inflation trajectory: Angola’s inflation fell from 28.2 percent in 2024 to 12.4 percent in March 2026, according to the International Monetary Fund. —Rate decision: The National Bank of Angola cut its policy…

Windhoek and Sol Drive Heineken’s South African Growth

Windhoek and Sol Drive Heineken’s South African Growth

South Africa · COMPANIES Key Facts —Half-year revenue: Heineken NV reported first-half 2026 revenue of €17.6 billion (about US$20.3 billion), up 3.8% from a year earlier, with organic net revenue rising 2.7% to €14.8 billion (about US$17.1…

Uganda approves troop deployment to international force in Gaza

Uganda approves troop deployment to international force in Gaza

Uganda · GEOPOLITICS Key Facts —Parliamentary approval: Uganda’s parliament approved the deployment motion on Thursday, 6 August 2026, giving the government domestic legal cover to contribute troops. —U.S. request: President Yoweri…

Shop selling second-hand school uniforms for £5

BBC

Shop selling second-hand school uniforms for £5

A charity for families facing poverty runs the swap shop for uniforms to help with the cost of living.

BBC

Nigeria’s NNPC Listing: Tinubu Commits, But Sets No Date

Nigeria’s NNPC Listing: Tinubu Commits, But Sets No Date

President Bola Tinubu told the Nigerian Exchange Group board on 6 August 2026 that the totality of NNPC Limited would one day be listed — not a slice of it. He named no date, no valuation and no adviser, and the law that created NNPC…

Kenya State Think Tank Warns Raising VAT Risks Driving Firms to Informal Sector

Kenya State Think Tank Warns Raising VAT Risks Driving Firms to Informal Sector

Kenya · ECONOMY Key Facts —The warning: KIPPRA advised the National Treasury against raising value-added tax above the current 16 percent, arguing it would reduce consumption and push firms into the informal economy. —The threshold: KIPPRA…

New Financial Scams Sweep Kenya as Authorities Watch

New Financial Scams Sweep Kenya as Authorities Watch

Kenya · FINANCE Key Facts —Cybercrime surge: Reported cybercrime incidents in Kenya rose 67 percent in the first half of 2026 compared with the same period in 2025, according to the Communications Authority. —Mobile money dominance: Mobile…

Rwanda in talks with Italy to resettle irregular migrants, no deal yet

Rwanda in talks with Italy to resettle irregular migrants, no deal yet

Rwanda · GEOPOLITICS Key Facts —Status of talks: Rwanda and Italy are in exploratory discussions. Government spokesperson Yolande Makolo said on 6 August 2026 that there is “no agreement yet.” —Proposed model: One idea under discussion is…

'One Piece' and 'Naruto' fan arrested for abandoning 2,100 online anime orders worth $27M

VnExpress