Africa’s Billionaires Add Over US$ 20Bn as Combined Wealth Crosses US$ 126.7Bn
Africa’s 23 billionaires increased their combined wealth to US$ 126.7 billion in 2026, adding more than US$ 20 billion as equity markets rallied. Nigeria’s Aliko Dangote remains the richest person on the continent, while Abdulsamad Rabiu recorded the largest wealth gain.
United Bank of Africa (UK), British International Investment Expand Trade Finance for African Businesses
UBA UK and British International Investment plan to expand trade finance for African businesses through a new collaboration targeting persistent funding gaps. The initiative aims to mobilize capital for underserved markets, though structural constraints may limit its reach.Lamu Port Sees Increased Activity As Global Shipping Diversions Continue
Lamu Port is recording increased activity following the arrival of a second vehicle carrier operated by Grimaldi Group, bringing total units handled to over 4,200. The surge, partly driven by diverted shipments from Jebel Ali Port, signals growing confidence in the port’s capacity and its emerging role in regional trade, according to the Kenya Ports Authority.DRC, Rwanda Agree to Fresh De-escalation Steps in Washington Talks
The Democratic Republic of the Congo (DRC) and Rwanda have agreed to a new set of coordinated measures to ease tensions, following the latest talks in Washington, D.C.AfrexInsure Appoints Lesley Ndlovu as New CEO
International Islamic Trade Finance Corporation Signs US$ 1bn Pact with Mauritania
LemFi secures Bank of Canada registration to strengthen position in Canada’s $8.6bn remittance market
Registration under Canada’s new Retail Payment Activities Act (RPAA) places LemFi within the country’s new robust federal supervisory framework.
JetBlue Briefly Grounds Flights Days After Codeshare Deal With Kenya Airways
Flights operated by JetBlue were briefly grounded after a system outage prompted the airline to request a temporary halt from the FAA. The disruption comes days after the U.S. carrier announced a new codeshare partnership with Kenya Airways to expand connectivity between Nairobi and multiple U.S. cities.Thousands of Flights Cancelled Across Middle East Aviation Hubs in First Week of Hostilities
More than 19,000 flights have been cancelled across seven major Middle East airports since February 28 following regional airspace closures linked to escalating conflict involving Iran, the United States, and Israel. While limited operations have begun to resume, aviation disruptions continue to affect global travel networks.Vodafone to Use Amazon Leo Satellites for Rural Coverage
Vodafone has signed an agreement with Amazon Leo, Amazon’s low Earth orbit satellite network, to connect remote 4G and 5G mobile masts across Europe and Africa
Kenya Airways Launches Repatriation Effort as Gulf Conflict Escalates
Kenya’s limited airlift places it among a broader cohort of governments moving to extract nationals while commercial systems remain strained but functional.UK Halts Study Visas for Sudan, Cameroon Over Asylum Abuse Concerns
The UK will suspend study visas for nationals of Afghanistan, Cameroon, Myanmar and Sudan, citing high levels of asylum claims from students. Skilled work visas for Afghans will also be halted as part of wider government efforts to tighten immigration controls and reduce pressure on the asylum system.
