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KRA addresses cargo clearance delays in Kenya following new, strict import documentation requirements under the Tax Procedures Act.

Capital FM Business Kenya • Sep 7, 2026

The Kenya Revenue Authority (KRA) is engaging clearing agents and importers to resolve cargo clearance delays at ports of entry.Importers are required to retain these foreign export documents for at least five years and present… Read full article →

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Nigerian banks raise dollar spending limits on naira cards as foreign currency liquidity improves.

Nairametrics • Sep 7, 2026

GTBank led the limit increases by raising its quarterly international naira card spending limit to $40,000.FirstBank, Zenith Bank, UBA, and Stanbic IBTC also announced significantly higher transaction ceilings for international spending. Read full article →

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AHL Venture Partners raises $45.5 million for its Africa Credit Fund I to back mid-sized African enterprises.

Innovation Village • Sep 7, 2026

AHL Venture Partners has reached the second close of its AHL Africa Credit Fund I (ACF), raising $45.5 million toward its $70 million target.The fund secured a $15 million senior facility, including $5 million from… Read full article →

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PremiumTrust Bank receives dual credit rating upgrades from Agusto & Co. and DataPro, reflecting strong capitalization and low risk.

Nairametrics • Sep 7, 2026

Agusto & Co. upgraded PremiumTrust Bank's long-term rating from BBB+ to A-, while DataPro upgraded it to A.The bank reported a pre-tax profit of ₦177.1 billion and total assets of ₦1.7 trillion for FY2025.Key financial… Read full article →

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Kenya Power invests KES 765 million in two coastal substations to meet rising industrial and commercial electricity demand.

Capital FM Business Kenya • Sep 7, 2026

Kenya Power is constructing two new substations in Kilifi and Kwale counties to stabilize the regional grid amid rising business demand. Read full article →

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Egypt's CIB completes a EGP 1.383 billion securitisation issuance for MSMEDA to boost small business funding.

Daily News Egypt (Business Section) • Sep 7, 2026

Commercial International Bank – Egypt (CIB) successfully structured and completed the EGP 1.383 billion issuance on behalf of Egypt’s Micro, Small and Medium Enterprises Development Agency (MSMEDA).The issuance is split into a P1-rated EGP 987.6… Read full article →

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Egypt will continue selling stakes in state-owned enterprises to boost private sector participation and restructure state assets.

Daily News Egypt (Business Section) • Sep 7, 2026

Prime Minister Mostafa Madbouly confirmed Egypt is proceeding with its government offering programme to sell stakes in state-owned companies.The government is also carrying out restructuring and governance reforms of state-owned enterprises to improve their financial… Read full article →

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The IFC proposes a $40 million investment in Camco's REPP 2 fund to back Sub-Saharan renewable energy projects.

Innovation Village • Sep 7, 2026

The International Finance Corporation (IFC) has proposed a senior debt investment of up to $40 million in the Camco-managed Renewable Energy Performance Platform 2 (REPP 2). Read full article →

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Netherlands-based Oxano Capital invests in Ugandan dairy processor Mujuni Ventures to scale processing and cold-chain infrastructure.

Innovation Village • Sep 7, 2026

Netherlands-based investment firm Oxano Capital has announced a strategic financial investment in Mujuni Ventures, a rapidly growing Ugandan dairy enterprise.The capital injection will be deployed to expand manufacturing capacity, strengthen temperature-controlled cold-chain logistics, and widen… Read full article →

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GRID 01 launches in Lagos to help African and Lebanese startups expand into the Nigerian market.

Business Tech Africa • Sep 7, 2026

GRID 01, co-developed by AXON Accelerator and AUB Innovation Park, officially launched in Lagos on September 1, 2026.The initiative provides market-entry support, mentorship, and investor connections to participating founders directly within the Nigerian business ecosystem. Read full article →

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Abu Dhabi's Creative Investments Holding raises $20 million first close of its $50 million MENA creative industries platform.

Daily News Egypt (Business Section) • Sep 7, 2026

Creative Investments Holding (Creative Holding) secured $20 million in initial commitments for its founding round, targeting up to $50 million total.Targeting Egypt and the wider MENA region, the platform aims to acquire, create, and scale… Read full article →

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Nigeria's power regulator restricts discretionary spending by electricity distribution companies to force network expansion and rehabilitation investments.

AllAfrica Business • Sep 7, 2026

The Nigerian Electricity Regulatory Commission (NERC) has issued a revised order mandating Nigeria's 11 electricity distribution companies (DisCos) to redirect surplus operational revenue into dedicated capital expenditure accounts.Under the graduated framework starting in the August… Read full article →

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Centum Investments appoints Thomas Omondi-Achola as interim CEO following James Mworia's transition to lead Kenya's National Infrastructure Fund.

Capital FM Business Kenya • Sep 7, 2026

Thomas Omondi-Achola, Centum's Group COO since 2018, takes over as Acting Group CEO immediately to ensure complete strategic momentum.Outgoing CEO James Mworia departs Centum to serve as the inaugural head of the newly approved National… Read full article →

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Rwanda hosts the sixth Renewable Energy for Sustainable Growth summit in Kigali to advance Africa's clean energy transition.

AllAfrica Business • Sep 7, 2026

The sixth Renewable Energy for Sustainable Growth (RE4SG) 2026 summit will begin on Tuesday, September 8, at the Kigali Exhibition and Conference Village in Rwanda. Read full article →

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Google mandates Kenyan YouTube creators submit their KRA PIN by October 2026 or face payment holds and tax withholding.

Capital FM Business Kenya • Sep 7, 2026

Google is requiring Kenya-based YouTube creators with AdSense accounts to submit their 11-character Kenyan Personal Identification Number (PIN).Under the Kenya Income Tax Act, Google will withhold a 5% local tax on monthly YouTube earnings and… Read full article →

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Nigerian startups Trade Lenda and AirSmat raise a combined $450,000 from the Africa Ecosystem Catalysts Facility.

Disrupt Africa • Sep 7, 2026

The Africa Ecosystem Catalysts Facility, a $4 million pilot fund managed by Village Capital, has made its first investments in Nigeria. Read full article →

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Aliko Dangote sets September 30, 2026, to break ground on a $16 billion oil refinery in Lamu, Kenya.

Business Tech Africa • Sep 7, 2026

Nigerian billionaire Aliko Dangote announced a September 30, 2026, groundbreaking date for a new 700,000 barrel-per-day oil refinery in Lamu, Kenya.The $16 billion project will be financed via 70% debt ($11.2 billion) and 30% equity,… Read full article →

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Tunisia and Egypt sign an agreement to boost trade, joint investments, and technical cooperation across Africa.

AllAfrica Business • Sep 7, 2026

Tunisian Foreign Minister Mohamed Ali Nafti and Egyptian counterpart Badr Abdelatty met in Cairo to enhance bilateral economic, trade, and cultural relations.The two nations signed a Memorandum of Understanding (MoU) establishing a framework for triangular… Read full article →

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Egypt's banking sector net foreign assets rose to $28.418 billion in July 2026, boosting local financial stability.

Daily News Egypt (Business Section) • Sep 5, 2026

The Central Bank of Egypt reported that the banking sector's net foreign assets increased to $28.418 billion (EGP 1.454 trillion) in July 2026, up from $27.965 billion in June 2026. Read full article →

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Nigeria's Ministry of Education launches a ₦2.5 billion second cohort of the Student Venture Capital Grant for student-led startups.

IndexPrima • Sep 5, 2026

The Federal Ministry of Education opened applications for Cohort 2 of the Student Venture Capital Grant (SVG), offering 50 student-led startups up to ₦50 million each in equity-free funding.Eligible applicants must be Nigerian tertiary students… Read full article →

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Sub-Saharan Africa will drive over 75% of global workforce growth by 2050, adding 625 million working-age people.

Nairametrics • Sep 6, 2026

The World Bank projects Sub-Saharan Africa will add 625 million working-age people by 2050, while other regions like East Asia face declining workforces. Read full article →

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Nigeria's FCCPC is investigating Uber's exit to ensure the ride-hailing company fulfills all outstanding customer obligations.

Nairametrics • Sep 6, 2026

The Federal Competition and Consumer Protection Commission (FCCPC) is probing Uber's abrupt exit from Nigeria to investigate unfulfilled consumer services.The FCCPC is looking specifically at obligations to customers whose services might not have been completed… Read full article →

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Egypt's economy grew 5.1% in FY 2025/26, beating the IMF's forecast, driven by strong manufacturing and industrial growth.

EnterpriseAM Egypt • Sep 6, 2026

Egypt’s economy expanded by 5.1% in FY 2025/26, up from 4.4% the previous year, driven primarily by a 9% growth in non-oil manufacturing.The S&P Global Egypt PMI rose to 49.6 in August, reaching a seven-month… Read full article →

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Nigerian agro-exporter Sunbeth Global Concepts redeems its ₦25.1 billion Series 1 commercial paper on schedule.

Premium Times • Sep 5, 2026

Sunbeth Global Concepts Limited successfully redeemed its ₦25.1 billion Series 1 Commercial Paper on its maturity date of 4 September 2026.The note was part of a larger ₦200 billion Commercial Paper Programme approved in March… Read full article →

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Nigeria and Canada are strengthening private-sector ties to boost collaboration in technology, talent exchange, and cross-border trade.

BusinessDay Nigeria — Technology • Sep 6, 2026

The Deputy High Commission of Canada in Lagos, RollaPay, and the African Impact Initiative hosted a 'Future of Work' reception in Lagos to connect tech talent, capital, and businesses. Read full article →

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CI Capital plans Egypt's first equity hedge fund while regional logistics and trade partnerships gain momentum.

EnterpriseAM Egypt • Sep 6, 2026

CI Capital Asset Management plans to launch Egypt's first equity hedge fund, targeting EGP 250 million in assets-under-management within its first year.Avanz Capital Egypt exited logistics startup Bosta, marking the third shareholder exit ahead of… Read full article →

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Six companies listed 14.44 billion new shares worth N37.19 billion on the Nigerian Exchange to boost corporate capital.

Nairametrics • Sep 6, 2026

Four insurance firms, Coronation, Sovereign Trust, SUNU, and Regency Alliance, accounted for 81.7% of the newly listed shares, driven by regulatory recapitalisation.Sterling Financial Holdings added 2.57 billion shares valued at N10.29 billion via a private… Read full article →

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The DIV Fund 2026 offers up to $1.5M in staged funding for innovators tackling critical global development challenges.

Tech Build Africa • Sep 5, 2026

The DIV Fund 2026 is accepting applications globally from startups, social enterprises, researchers, and non-profits to address social and economic challenges in developing countries.Applicants must propose scalable, cost-effective solutions with a clear plan to measure… Read full article →

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SEC Nigeria approves Dangote Refinery’s historic N2.15 trillion IPO, marking Africa's largest-ever planned share sale.

Nairametrics • Sep 5, 2026

The Securities and Exchange Commission (SEC) of Nigeria approved Dangote Refinery's initial public offering to raise N2.15 trillion by offering 4.1 billion ordinary shares at N525 per share.The IPO is expected to open for subscription… Read full article →

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FTSE Russell restores Nigeria to Frontier Market status, adding ten major local companies to its index.

Business Post • Sep 4, 2026

FTSE Russell has designated 10 Nigerian companies, including Dangote Cement and MTN Nigeria, as newly eligible constituents for its Frontier Index Series.The reclassification from "Unclassified" to "Frontier Market" status will take effect at the opening… Read full article →

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