JPMorgan’s new $330 billion bond index gives African countries almost half its weight
The Wall Street bank plans to launch its Government Bond Index–Emerging Markets Edge, known as GBI-EM Edge, before the end of September
Africa’s richest man plans US listing for $49 billion Dangote Refinery within four years
The proposed transaction would be a secondary listing, meaning Dangote Petroleum Refinery would retain its primary listing in Nigeria while making its shares available to a wider group of international investors through a US exchange
How Dangote Refinery’s $49 billion valuation compares with global refining giants
The refinery is offering 4.1 billion shares at ₦525 each, implying an equity valuation of about ₦63 trillion, or $47.59 billion
Nigeria enters JPMorgan’s new $328 billion bond index 11 years after removal from flagship benchmark
The country has been assigned a 7.4% weighting in the Government Bond Index–Emerging Markets Edge, or GBI-EM Edge. That places Nigeria close to the new index’s maximum country weighting of 8% and among its largest components
Nigeria approves $4.5 billion refinancing of NNPC oil-backed facility | CNBC Africa
Aug 4 (Reuters) – Nigeria’s National Economic Council on Monday approved the refinancing of NNPC Limited’s $3.3 billion oil-backed pre-export finance facility through a new $4.5 billion arrangement aimed at strengthening the country’s external reserves and freeing up funds for infrastructure, the presidency said late on Monday
Tata launches €3.82 billion Iveco takeover that could combine two major African truck networks
TheFinancial Express reported that the cash offer will open for shareholder acceptance on 7 September and run until 26 October, following approval from Italian market regulator Consob
Burkina Faso’s gold exports hit $10 billion in 2025, now Saudi investors are coming for a share
The latest interest came from Sarmady Co., whose head, Nouf Ali Alsalaten Al Qhatani, met Burkina Faso’s ambassador to Saudi Arabia, Boukary Savadogo, in Riyadh on August 30
Dangote unveils funding plan for $17 billion Kenya refinery set to become Africa’s second largest
The planned 700,000-barrel-per-day (bpd) facility is expected to become East Africa’s largest refinery and, once completed, could rank as Africa’s second-largest refinery by nameplate capacity, reinforcing Dangote’s drive to expand fuel-processing capacity beyond Nigeria
A $49 Billion Finance Gap Is Holding Back Africa’s Women Entrepreneurs; New Initiative Targets the Missing Capital | Business
A $49 Billion Finance Gap Is Holding Back Africa’s Women Entrepreneurs; New Initiative Targets the Missing Capital
One of Africa’s largest economies attracted $4.3 billion from foreign investors
The results were disclosed by the Ethiopian Investment Commission (EIC) during its annual performance review, in which Commissioner Zeleke Temesgen reviewed the agency’s accomplishments over the previous year and goals for the next fiscal year