Africa creates $5 billion energy bank as Western financing retreat forces continent to rethink how it funds oil and gas
According to a statement from Afreximbank, the bank was established against the backdrop of Africa’s estimated $200 billion annual energy investment needs, with oil and gas remaining central to the continent’s energy systems despite the global shift towards cleaner energy
Google faces a $500 billion stock wipeout — one of the biggest-ever market cap drops
Shares of Google’s parent company slumped by as much as 13.5% in early trading on Thursday, slashing Alphabet’s market capitalization by over $500 billion, from around $3.9 trillion to $3.4 trillion
Google faces a $400 billion stock wipeout in its biggest-ever market cap drop
Shares of Google’s parent company were down more than 11% shortly after the open on Thursday, paving the way for Alphabet’s $3.95 trillion market capitalization to tumble by over $400 billion
Google faces a $400 billion stock wipeout in the 2nd biggest market cap loss in history
Shares of Google’s parent company were down more than 11% at about $287 as of 8:11 a.m. ET on Thursday, paving the way for Alphabet’s $3.95 trillion market capitalization to tumble by over $400 billion
Inside the changes at $37 billion Balyasny’s Corbets stock-picking unit
Thomas Stephens and Kevin Cottrell are no longer at Balyasny Asset Management, two people familiar with the matter tell Business Insider
$20 billion US fintech Circle backs South African payments firm operating in 30 African markets
CrissCross announced the transaction on October 26 but did not disclose its financial value or the ownership interest obtained by Circle Ventures
Trump expands US investment firepower to $205 billion as Washington targets African minerals
The US International Development Finance Corporation, known as DFC, already has more than $14 billion in investment commitments across Africa. More than $3 billion of that exposure is connected to critical minerals and related infrastructure
Meta looks to raise up to $95 billion from stock sales to fund its huge AI build-out
The tech giant said in a Monday filing that it has launched about $35 billion in equity offerings, comprising around $22.5 billion of Class A common stock, and $12.5 billion in depositary shares representing preferred stock
Kenya opens $1.17 billion Mombasa and Lamu port concession programme to private investors as state operator commits $60 million
The programme covers assets at the ports of Mombasa and Lamu, as well as depots serving Kenya and the wider East African region
Africa’s richest man Aliko Dangote’s $1.6 billion refinery IPO could multiply Nigeria’s active investors fivefold and connect its shares to markets across Africa
The refinery is offering 4.1 billion ordinary shares at $0.39 (₦525) each, placing the initial size of the transaction at approximately $1.6 billion (₦2.15 trillion). Investors can subscribe for a minimum of 10 shares, costing about $3.90 (₦5,250)