Business Brief
By Business Insider Africa
From the Editor
The cost of building premium office space in Lagos now exceeds that of any other African city.
On the surface, that may sound like a real estate story; but in n reality, it is a signal of where businesses are choosing to invest, expand, and compete.
As companies continue to seek high-quality workspaces, the rising cost of delivering them reflects both growing demand and the increasing complexity of operating in major African business hubs.
For investors, employers, and entrepreneurs, the development offers another indication of Lagos' growing role in shaping the continent's commercial future.
![]() | Victor Inusa, Newsletter Editor. |
✨ Today’s Must Read
World’s largest automaker backs family heir Toyoda as chairman amid $33 billion supplier buyout and strong African sales

Akio Toyoda. (Photo Credit: Bloomberg)
Toyota shareholders have re-elected Akio Toyoda as chairman, strengthening the founding family’s influence as the company pursues a $33 billion buyout of supplier Toyota Industries.
The vote comes as Toyota continues to back a multi-powertrain strategy that includes hybrids, combustion engines and electric vehicles.
The automaker retained its position as the world’s top-selling car company in 2025, with a record 11.3 million vehicles sold.
Africa remains an important source of stability, with strong demand led by the Hilux and South Africa accounting for some of the company’s strongest regional performance. Read more…

The Big 3

(Photo Credit: Astra Zeneca)
🇳🇬 Lagos becomes Africa’s most expensive hub for corporate office projects, ahead of Nairobi and Johannesburg
Premium office fit-outs in Lagos now cost about $2,718 per square metre, the highest actual spend among African cities surveyed by Turner & Townsend.
Rising demand for Grade A offices, reliance on imported materials, currency volatility, logistics challenges, and specialist building systems have pushed costs higher as companies increasingly seek modern, technology-enabled workspaces. Read more…
🇿🇼 Zimbabwe to expand gold processing capacity with new refinery amid record production surge
Zimbabwe has approved a second gold refinery in Bulawayo as rising output puts pressure on the state-owned Fidelity Gold Refinery. The country’s gold production is projected to reach 50 tonnes in 2026 after a record 46.7 tonnes last year.
The move supports efforts to expand processing capacity as gold remains one of Zimbabwe’s most important sources of export earnings. Read more...
🇷🇼 Rwanda and South Africa set 12-month deadline to lift ordinary passport visa freeze, unlocking stalled trade corridors
Rwanda and South Africa have agreed to resume visa issuance for ordinary Rwandan passport holders within the next 12 months. The decision followed talks in Pretoria aimed at strengthening ties and restoring cooperation.
Both countries also agreed to revive their Joint Commission of Cooperation and deepen collaboration in trade, tourism, education, investment, and regional security. Read more…
Quote Of The Day
A leader is one who knows the way, goes the way, and shows the way.
Listicles

(Photo Credit: QZ)
The 10 most successful movie franchises of all time, ranked by box-office earnings
Hollywood’s biggest franchises have generated billions of dollars at the global box office, with each title on this list earning at least $5 billion.
From long-running series like James Bond and Star Wars to newer universes such as Marvel and the DCEU, these franchises have dominated cinemas for decades.
| S/N | Franchise | Box Office Earnings |
|---|---|---|
| 1 | 🎬 The Marvel Cinematic Universe |
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| 2 | 🚀 Star Wars |
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| 3 | 🕸️ Spider-Man |
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| 4 | 🍸 James Bond |
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| 5 | 🚗 The Fast and the Furious |
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| 6 | 🦸♂️ DC Extended Universe |
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| 7 | ⚡ Harry Potter / Wizarding World |
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| 8 | 🦖 Jurassic Park |
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| 9 | ❌ X-Men |
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| 10 | 💍 The Lord of the Rings |
|
Source: Box Office
Geopolitics & Power
(Photo Credit: The Fossil Forum)
🇳🇦 Namibia, Niger and South Africa on global radar as France, China and Russia chase Africa’s uranium
Africa is becoming increasingly important in the global uranium market as demand for nuclear fuel grows and major powers compete for supply.
Namibia remains one of the world’s top producers and has attracted significant investment, while Niger is reshaping its uranium sector through greater domestic control of mining assets.
South Africa continues to hold one of the continent’s largest uranium resource bases as the competition for access to these resources is drawing growing interest from France, China and Russia. Read more…
Global Trends, African Impact
(Photo Credit: REUTERS)
🇨🇳 Yuan makes inroads into Africa’s dollar-dominated trade system as China-Africa trade nears $400 billion
China-Africa trade reached a record $348.05 billion in 2025, driving greater use of the yuan in trade finance and cross-border payments.
Businesses and banks are increasingly using the Chinese currency for transactions linked to Chinese markets, supported by new payment infrastructure and financial cooperation.
While the U.S. dollar remains dominant, analysts say expanding trade ties and alternative payment systems could gradually strengthen the yuan’s role in Africa-China commerce. Read more…
Executive Trivia

(Photo Credit: African Aviation Group)
Did You Know?

(Photo Credit: Reddit)
Africa is the second most populated continent in the world, home to over 1.5 billion people. It accounts for roughly 18% of the entire global human population, trailing only Asia.
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