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Business Brief
By Business Insider Africa

Investors see ANOTHER return from Masterworks (!!!!)

That’s 6 sales in 7 months. 29 all time. And the performance?

16.5%, 17.6%, and 17.8%, net annualized returns on sold works held longer than one year (See all 29 at Masterworks.com)

It’s not from stocks, private equity, or real estate… it’s from contemporary and post war art. Crazy, right?

With Masterworks, you don’t need to be a BILLIONAIRE to invest in multi-million dollar art anymore.

Historically, the segment overall has had attractive appreciation and low correlation to stocks.*

Masterworks targets works featuring legends like Banksy, Basquiat, and Picasso, identifying what they believe to have significant long-term appreciation potential, not just at the artist level but at the level of individual artworks.

As one of the largest players in the art market, with $1.3 billion invested over 500 artworks, they pass critical advantages through to their 70,000+ members to add art to their portfolios strategically.

Looking to diversify your investments in 2026?

*According to Masterworks data. Investing involves risk. Past performance is not indicative of future returns. See important Reg A disclosures at masterworks.com/cd.

From the Editor

For decades, weak transport links have made it harder for businesses, investors and travellers to move efficiently across parts of Africa. While governments have often led major infrastructure projects, private companies are increasingly stepping in to close those gaps.

Baba Ahmadou Danpullo's planned $900 million investment in a new airline and two private airports is one of the clearest examples of that shift.

Whether the project succeeds or not, it reflects a broader trend of African entrepreneurs taking on infrastructure challenges once seen as the responsibility of the state, with the potential to improve regional trade and economic integration.

Victor Inusa
Victor Inusa,
Newsletter Editor.

Today’s Must Read

Cameroon’s richest man is risking almost his entire fortune on $900 million airline to fix Central Africa’s connectivity problem

Baba Ahmadou Danpullo. (Photo Credit: World Finance)

Baba Ahmadou Danpullo plans to invest 500 billion CFA francs (about $900 million) to launch Danpullo Air Line, a privately owned carrier that will first connect Cameroon’s 10 regions before expanding across the CEMAC bloc.

The project also includes two private airports in Yaoundé and Douala, with construction of the first expected to begin in September.

The investment comes as Cameroon’s state-owned airline, Camair-Co, continues to face aircraft shortages, financial pressure and operational disruptions, leaving private investors to tackle a long-standing regional connectivity challenge. Read more…

The Big 3

President Donald Trump. (Photo Credit: Getty Images)

🇺🇸 Trump suspends import tariffs from Africa’s largest fertilizer producer as U.S. declares food supply emergency

The White House has suspended selected duties on Moroccan phosphate fertilizer imports for eight months after declaring an emergency over U.S. fertilizer supplies. The move is intended to help American farmers as domestic production falls short of demand.

Morocco, which holds more than 70% of the world's phosphate reserves, is expected to strengthen its role in global food security. Read more…

🇿🇦 South Africa deploys drones, 33,000 CCTV cameras and 13,000 officers to prevent anti-migrant protests from escalating

South Africa has launched a R600 million security operation ahead of anti-migrant demonstrations, deploying 13,000 officers, drones, helicopters and more than 33,000 CCTV cameras across Gauteng.

Businesses have also activated contingency plans as authorities work to prevent a repeat of the deadly 2021 unrest that disrupted supply chains and damaged thousands of businesses. Read more…

🇪🇹 After 50 years without a stock market, Africa’s second-most populous nation adds another major bank

Abay Bank has become the fifth company to list on the Ethiopian Securities Exchange and the fourth private commercial bank to join the market. The listing allows existing shareholders to trade shares without raising new capital while improving market liquidity and transparency.

More banks are expected to list as Ethiopia continues expanding its young stock exchange. Read more…

Quote Of The Day

Energy and persistence conquer all things.

— Benjamin Franklin

Listicles

(Photo Credit: Wikipedia)

10 African countries with the weakest currencies in June 2026

A weak currency poses severe economic challenges for African nations by raising the cost of vital imports like fuel, food, and machinery. This volatility drives up everyday prices, reduces household purchasing power, strains government budgets, and deters foreign investors.

S/N Country/Currency Exchange Rate Value
1 🇸🇹 São Tomé and Príncipe Dobra
22,281.80/USD
2 🇸🇱 Sierra Leone Leonean Leone
20,969.50/USD
3 🇬🇳 Guinea Guinean Franc
8,764.12/USD
4 🇲🇬 Madagascar Malagasy Ariary
4,230.71/USD
5 🇺🇬 Uganda Ugandan Shilling
3,671.10/USD
6 🇧🇮 Burundi Burundian Franc
2,970.64/USD
7 🇹🇿 Tanzania Tanzanian Shilling
2,622.68/USD
8 🇨🇩 DR Congo Congolese Franc
2,294.68/USD
9 🇲🇼 Malawi Malawian Kwacha
1,734.46/USD
10 🇷🇼 Rwanda Rwandan Franc
1,464.86/USD

Source: Forbes Calculator

Geopolitics & Power

(Photo Credit: Thrillist)

🇳🇬 June 30: Nigeria to document millions in abandoned businesses, assets left by citizens returning from South Africa

Nigeria has instructed citizens returning home under its voluntary evacuation programme to document businesses, vehicles, and properties left behind in South Africa.

The documentation aims to support future compensation claims after nationwide anti-immigration protests raised fears of xenophobic violence. Read more…

Global Trends, African Impact

(Photo Credit: ADNOC)

🇿🇦 Months after talks began, UAE oil giant ADNOC nears $1 billion takeover of Shell's South African business

UAE state oil giant ADNOC is nearing a definitive $1 billion agreement to acquire Shell’s downstream business in South Africa.

Led by its retail arm, ADNOC Distribution, the deal will hand the company control of about 600 fuel stations, representing 10% of Africa's largest fuel market.

The sale allows Shell to streamline its portfolio while marking a major sub-Saharan expansion for ADNOC. Read more…

Executive Trivia

(Photo Credit: ISPI)

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Did You Know?

(Photo Credit: thechronicle.com.gh)

The oil palm tree is native to West Africa, but Indonesia is actually the world's absolute largest producer of palm oil, single-handedly driving roughly 57% of the entire global supply.

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