Dangote’s Mega IPO: A New Era for Africa’s Biggest Refinery | Business
Aliko Dangote, the renowned African tycoon, is on the brink of making financial history with the largest stock market listing the continent has ever witnessed. This Monday marks the launch of an initial public offering worth $1.6 billion for his expansive Lagos oil refinery. Slated for listing in Nigeria by November, the refinery is currently…
Meet the friends who left two of the world’s biggest chemical companies to build one in Africa—raising nearly $3 million and growing 1,400% in four years
Long before Taiwo Ilesanmi and Gbenga Akanmu became business partners, they were simply two boys growing up on the same street in Ibadan
MTN considers banking licences as Africa’s biggest telecom operator moves closer to becoming a lender
The Johannesburg-headquartered company already offers payments, transfers, savings and credit-related products through its Mobile Money, or MoMo, ecosystem
Africa’s biggest bank considers stake in Nigerian fintech OPay ahead of planned $4 billion US IPO
The South African banking group has held preliminary discussions about an investment in the SoftBank-backed company,Bloomberg reported, citing people familiar with the matter
Africa’s 10 biggest new projects attracting billions in investment and the investors backing them
According to the UNCTAD table provided, the projects on the list range from a $5 billion chemicals investment in Ghana to $1.1 billion projects in Zambia and the Democratic Republic of the Congo
Cyberattack hits Angola’s biggest telecom hours before landmark $329 million stock market debut
The state-controlled operator said it detected the attack at about 2:20 a.m. local time on Tuesday, triggering widespread disruptions across its technology infrastructure and affecting services for millions of customers nationwide
Spread the wealth: The AI trade’s biggest winners are making room for the rest of the market
The message starts with the chipmaker space, which saw an electrifying more-than-100% surge in 2026 before hitting a wall in recent weeks. That sell-off has coincided with a rebound for , which have forged a market rivalry of sorts with chipmakers
Africa’s biggest refinery hits slowdown, tightening fuel supplies from Nigeria to Europe
According to commodity intelligence firm Kpler, crude processing at the 650,000-barrel-per-day refinery has fallen to between 350,000 and 400,000 barrels per day since July 10, prompting the firm to lower its July throughput forecast to about 450,000 barrels per day, from an earlier estimate of 650,000 barrels
South Africa’s biggest retailers bets on it’s informal economy with $1.3 billion fintech platform
That shift was underscored on Wednesday after Pepkor Holdings, owner of brands including Pep, Ackermans and Tekkie Town, unveiled plans to combine its fintech subsidiary Flash with merchant payments platformShop2Shop in a deal valuing the merged business at R21.3 billion ($1.29 billion)
South Africa’s biggest retailers bets on South Africa’s informal economy with $1.3 billion fintech platform
That shift was underscored on Wednesday after Pepkor Holdings, owner of brands including Pep, Ackermans and Tekkie Town, unveiled plans to combine its fintech subsidiary Flash with merchant payments platformShop2Shop in a deal valuing the merged business at R21.3 billion ($1.29 billion)