SA-Nigeria Business Chamber

Facilitating business from Johannesburg, SOUTH AFRICA, between Africa's two biggest markets since 2005

[Larry Madowo @LarryMadowo]

African leaders complain about being summoned by a single country but they keep showing up.

At the Russia-Africa summit, Putin literally handed out ice cream, criticized former colonizers, and called out "active attempts by Western countries" to keep the continent in debt

[Bloomberg @business]

South Africa’s economy is 4.9% larger than previously estimated after the country’s statistics agency rebased the data series to update the way that it measures gross domestic product https://t.co/Sz2JbDiyP2

[Bloomberg @business]

Who needs Wall Street? Nigerian investors have already committed enough to meet the base target for Dangote’s refinery IPO — and foreign funds could find themselves squeezed for shares. https://t.co/6GN1WDSAsp

[@nigeriaminingweek @NigeriaMW]

Thank you to our Diamond Sponsors for supporting Nigeria Mining Week 2026.

Your partnership helped bring investment, industry and government stakeholders together to explore opportunities for Nigeria's mining sector.

#NigeriaMiningWeek #NMW2026

[SA-Nigeria Business Chamber @SA_NBC]

South Africa and Nigeria are home to some of the continent’s most dynamic markets and South Africa-Nigeria Business Chamber is your gateway to both.

Become a member or find out more: https://t.co/lRFNxqCcuY
[email protected]
#SANigeriaBusiness #TradeAndInvestment

[BusinessDayNG @BusinessDayNg]

JPMorgan Chase is moving closer to establishing a licensed banking operation in Nigeria after depositing N50 billion, about $38 million, with the Central Bank of Nigeria (CBN), according to Bloomberg.

https://t.co/xl5Ye3weEp

[Financial Times @FT]

In 1950, there were 228mn people living in Africa, with about 33mn in cities. Today there are 1.6bn Africans, 19% of the world’s total, of whom 670mn live in cities. Almost unnoticed, Africa has become an urban story, explains the FT's David Pilling. https://t.co/3LHJL8BFaI

[Nairametrics @Nairametrics]

Nigeria’s vast Point-of-Sale (PoS) agency banking network is facing growing pressure as consumers increasingly abandon cash withdrawals in favour of direct mobile transfers, raising concerns about the long-term sustainability of thousands of PoS businesses across the country.

[Reuters Africa @ReutersAfrica]

South Africa's President Cyril Ramaphosa said on Monday that the country must prepare for its potential exclusion from the United States' duty-free trade initiative, AGOA, as relations between Washington and Pretoria have soured. https://t.co/jjnXwxaQpe

[Bloomberg @business]

JPMorgan has deposited $38 million with the Central Bank of Nigeria as it moves closer to securing a banking license in Africa’s most populous nation, according to sources https://t.co/uHcWZ3YmLR

[@nigeriaminingweek @NigeriaMW]

A closer look at Segilola’s presence at Nigeria Mining Week 2026.

From mineral displays to conversations with visitors, these moments capture the team in action on the exhibition floor in Abuja.

#NigeriaMiningWeek #NMW2026 #GoldMining

[Nairametrics @Nairametrics]

Dangote Industries Limited and the Botswana Stock Exchange (BSE) have commended Nigerian Exchange Group (NGX Group) for bringing African exchanges together to expand cross-border investment opportunities through the ongoing roadshow for the Dangote Petroleum Refinery and Petrochemicals FZE offer.

[Business Explainer @businessXplain]

R30BN PIPELINE OFFERS DENEL LIFELINE

Denel is targeting more than R30bn in potential defence contracts as it works to rebuild its finances and secure its long-term future.

The state-owned arms manufacturer increased revenue by 15.8% to R1.47bn in the year to March 2026, but it remained loss-making and received its ninth consecutive audit disclaimer.

Funding constraints, legacy debt and working capital shortages continue to pose challenges.

However, Denel is pursuing new contracts, rebuilding technical skills and modernising its products as it seeks to restore profitability and regain its position in the global defence market.

Full story - https://t.co/57RN6uj01F

Pictured - Denel Group chief executive, Tsepo Monaheng

[Bloomberg @business]

Nigerian National Petroleum is making progress on plans for a public listing, following the successful precedent set by billionaire Aliko Dangote’s offering of shares in his refining company. https://t.co/uprdEPFdr1

[SA-Nigeria Business Chamber @SA_NBC]

Dangote refinery IPO: Why Botswana was chosen over South Africa https://t.co/ykMH6ed6Go

[Naija @Naija_PR]

Nigeria is investing over ₦1tn in airports, Abuja’s second runway and a planned rail link to Lagos airport.

Imagine landing in Lagos and taking a train straight out of the airport.

Ladies and gentlemen, there’s hope.

[Pierre de Vos ⚖️ @pierredevos]

March and March has consistently said it is concerned with illegal immigration. However, a Home Affairs verification process in June found that all but 3 out of 457 displaced people at Durban’s Che Guevara Road were documented & legally resident in SA. https://t.co/ZAB1pTXKpD

[Business Explainer @businessXplain]

CAIRO-TO-CAPE CORRIDOR GAINS MOMENTUM

South Africa and Egypt have launched a Joint Business Council aimed at strengthening trade and investment between Africa’s two largest economies.

The partnership will focus on key sectors including automotive manufacturing, mining, agriculture, renewable energy, infrastructure and engineering.

Bilateral trade increased by 26% from R3.4bn in 2024 to R4.3bn in 2025, with both countries working towards further growth.

A major focus is the automotive industry, where plans include developing regional value chains and a proposed Cairo-to-Cape Town automotive corridor.

The initiative is also expected to create new investment opportunities and support companies looking to expand across African markets.

Full story - https://t.co/CT5YDBnSjJ

Pictured - Parks Tau, Trade, Industry and Competition Minister

[SA-Nigeria Business Chamber @SA_NBC]

AU launches African Credit Rating Agency https://t.co/gLhD4pu7Qe

[Ferial Haffajee @ferialhaffajee]

Durban factory to make 80 percent of global Vaseline Petroleum Jelly #MoneywebNews https://t.co/SYjLNIwIb8 via @Moneyweb