VFD Group Plc reported a 96% year-on-year increase in profit after tax, reaching N13.00bn for the nine months ended September 30, 2026. T he group’s unaudited financial results, approved by its Board, showed a substantial rise from N6.63bn recorded in the corresponding period of 2025. Group Managing Director Nonso Okpala noted the near-doubling of profit…
Global personal computer shipments declined 21% year-over-year during the third quarter of 2026, according to new industry data from market research firm Counterpoint Research. Total shipments fell to 57 million units during the period, down from more than 70 million units recorded in Q3 2025. Read: Apple iPhone Duo launches in South Africa for up…
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that artificial intelligence (AI) could affect about 40 per cent of jobs globally, urging governments to prepare workers for changes in the labour market. Georgieva spoke during a panel session titled “Small Scale AI: More and Better Jobs” at the ongoing 2026…
Heirs Energies Ltd, a company controlled by Tony Elumelu, has acquired 6 million ordinary shares in Seplat Energy Plc. The transaction is valued at £53.2 million. Seplat Energy disclosed the new share purchase in a regulatory filing on Thursday, signed by Edith Onwuchekwa, the company’s Director, Legal/Company Secretary. Mr. Elumelu, who also serves as a…
Anthropic Chief Executive Officer Dario Amodei has proposed a standardized framework of measurement metrics to quantify the pace of artificial intelligence development and establish empirical safety benchmarks. Detailed in a research publication following recent security disclosures regarding autonomous agents, the report highlights the growing role of AI in building successor models. Read: Bandwidth Blog &…
The Nigerian Exchange Limited All-Share Index (NGX ASI) has appreciated by 56.93 per cent year-to-date (YtD), placing it among the four best-performing stock market indices in Africa as of August 31, 2026. THISDAY analysis of trading numbers across African Exchanges showed that the Ghana Stock Exchange Composite Index (GSE-CI), which gained 71.90 per cent YtD…
Xiaomi announced that the heaviest pressures on its smartphone business have likely passed, even as second-quarter earnings missed analyst projections due to elevated component prices. High memory costs severely squeezed margins across its mobile division, but management expects cost inflation to temper throughout the second half of the year as its fast-growing electric vehicle (EV)…
By Ayodeji Adegboyega | Business Insider Africa ZIMBABWE approved US$1.59 billion worth of new investment projects in the second quarter of 2026, with mining and manufacturing absorbing nearly 80% of the proposed capital as the southern African country intensifies its push to build an industrial economy around its vast mineral resources. The Zimbabwe Investment and…
Airtel Africa Plc has recorded a strong start to its 2026/27 financial year, with revenue climbing 31% on the back of rising customer demand for data and mobile money services, the company has announced. For the quarter ended 30 June 2026, the telecommunications and mobile money giant posted revenue of $1.853 billion, up 31.0% from…
Daba Finance Weekly Market Digest: June 29 – July 05 African financial markets concluded the week of June 29 to July 05 with a notably constructive tone, highlighted by continued rallies and significant growth across several exchanges. The BRVM Composite Index specifically recorded an impressive gain of +2.2%, nearing the 460-point mark and demonstrating sustained…
