Africa
Business
Dangote Refinery Announces $1.6 Billion IPO Opening September 2026
Dangote Petroleum Refinery finalized IPO terms targeting $1.6 billion, set to open subscriptions on September 14, 2026.
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Commodities & Energy
Nigeria LPG Supply Reaches 5.3 Kt/D; International Debt Claims $28.3 Million
Nigeria's liquefied petroleum gas supply hit a five-year high in July, while its international partners owe $28.3 million for transmission services.
Technology
ESA warns Nigeria needs decades-long space policy to secure satellite investments
European Space Agency officials state that Nigeria requires stable, long-term government planning before private capital can reliably fund its growing satellite industry.
Deals
Zimbabwean Tycoon Commits $200 Million to Kenya Infrastructure Projects After Ruto Meeting
Wicknell Chivayo confirmed his US$200 million investment plan is now moving from theory to reality following a dinner with President William Ruto.
Top Stories
Earnings
Dangote Refinery records N2.55 trillion profit in six months with $13.91 billion revenue
Economy
South Africa's Economy Contracts by 0.2 Percent in Q2 Amid Mining and Trade Slumps
Commodities & Energy
Dangote Refinery sets IPO price at N525 per share for September 14 launch
Earnings
NREIT profits rise 328% to N6.05 billion in H1 2026
Central Banks
Nigeria external reserves hit $54.13 billion record high
- President Tinubu tells Nigerian banks to move from intermediation to financing production and jobs
- Nigeria's system liquidity reaches N4.66 trillion as OMO maturities surge
Commodities & Energy
Nigeria LPG Supply Reaches 5.3 Kt/D; International Debt Claims $28.3 Million
- West Wits Mines First New Underground Gold Operation in South Africa in 15 Years
- Bannerman raises up to $134m corporate subscription rate
- Ugandan officials attend Ghana's Petroleum Commission board meeting in Accra to study oil regulation
- Senegal reaches staff-level $2.2 billion IMF deal after revealing over $11 billion in hidden debt
Crypto
Yellow Card secured conditional SEC approval for ARIP entry in Nigeria
More Crypto →Deals
Dangote Refinery IPO Opens for Sale on September 14 at $0.40 per Share
- Aliko Dangote's Nigeria refinery IPO to open September 14 at N525 per share
- Aliko Dangote to open Nigeria's $5 billion refinery IPO within 12 days
- Liberia signs $60 million deal to revive coffee industry for 200,000 farmers
- Analysts value Dangote Refinery at $62.5 billion ahead of Nigerian listing
- Zimbabwean Tycoon Commits $200 Million to Kenya Infrastructure Projects After Ruto Meeting
Earnings
Kenya's KenGen profit falls to Sh10.35bn as finance income drops
More Earnings →Economy
China's Fiscal Revenue and Expenditures Rise in First 11 Months Amid Evergrande Founder Hui Ka Yan Life Sentence
- African Development Bank approves $5.1 billion fund to counter energy and fertilizer shocks
- South Africa GDP shrinks 0.2% in Q2 2026 after six quarters of growth
- South Africa's economy shrank 0.2% in Q2 after years of growth
- Angola Economy grows 8.74% as Non-Oil Sector Expands 9.24%
Markets
Nigeria targets MSCI inclusion after securing FTSE benchmark reinstatement
- Nigeria's NGX ASI gains 2.36% in first week of September
- Nomba secures $3 million facility to expand African trade payments
Policy & Regulation
ESA warns Nigeria needs decades-long space policy to secure satellite investments
- Kenya and Japan agree to expand clean energy trade and investment ties
- Eighteen Nigerian states adopt harmonized tax law, reducing collection items to nine
- Nigeria's FCCPC launches probe into Uber's exit for unresolved customer obligations
Business
