Chemical and Allied Products (CAP) Plc has announced the appointment of Mr. Jethro Iruobe as Executive Director and Mr. Olutola Bella as Company Secretary, marking significant changes in its leadership team. The announcement was made public through Nairametrics.

Uganda Clays Limited reported a net profit of Shs142 million ($39,453) for the year ending December 2025, marking a recovery from a loss of Shs4.9 billion in 2024. This turnaround is attributed to improved efficiency and lower production costs, despite increased finance costs. The company faced operational disruptions and high costs in previous years, but revenue increased by 10% during this period, according to Uganda Business News.

The Nigerian stock market experienced a decline of N3.6 trillion, reversing two consecutive days of gains. This drop was attributed to widespread profit-taking activities, particularly in BUA Cement, which saw a 10 percent decrease in its stock value. Additionally, 37 other stocks were affected, contributing to the overall market downturn, according to ThisDay Live.

On June 24, 2026, the Nigerian equities market experienced its largest single-day decline of the year, with a loss of N3.64 trillion in investor wealth. This drop was primarily driven by profit-taking in major cement and power stocks, including BUA Cement, Dangote Cement, and Geregu, which overshadowed the previous days' buying momentum and halted the market's recovery efforts.

Bamburi Cement recently conducted a certification audit for ISO 50001 Energy Management, hosted by the Kenya Bureau of Standards (KEBS) and the ISO audit team. This initiative is part of the company's efforts to advance sustainable manufacturing practices, focusing on energy efficiency and management.

Beltone's first-quarter results indicate that its acquisition of Baobab, a pan-African lender operating in seven countries, has significantly contributed to its growth strategy. This approach focuses on cross-border expansion rather than traditional market-by-market growth, making Baobab Beltone's largest business just three months post-acquisition.