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Business Brief
By Business Insider Africa

The 1,700%+ Lesson From SpaceX’s IPO

SpaceX IPO’d at a $1.75T valuation. Three business days later, they were the sixth-most valuable public company.

Those who bought at the opening bell saw a 40% gain. Andreessen Horowitz, who invested back in 2023? 1,700%+. The lesson? Today’s biggest growth comes at the private stage.

It’s why institutions love private-stage opportunities. A similar dynamic’s playing out in lithium, where General Motors backed $1B+ private unicorn EnergyX. Except this time, you can join them.

EnergyX’s patented tech can recover up to 3X more lithium than traditional methods. And with lithium prices up 75% this year and demand projected to grow 5X by 2040, they’re perfectly positioned.

After opening America’s largest lithium production facility of its kind, EnergyX is preparing to unlock up to 13M tons. Become a private-stage EnergyX before the 7/16 deadline.

Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Beehiiv to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Beehiiv has been paid in cash and may receive additional compensation. Beehiiv and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty.

From the Editor

For decades, one company has dominated Cameroon’s sugar industry. That could soon change as businessman Nassourou Issa moves ahead with a $100 million refinery designed to match the country’s annual sugar demand.

The project comes at a time when Cameroon continues to rely on imports to fill supply gaps and the current market leader is considering an exit.

If completed on schedule, it could reshape the country's sugar industry and become a major test of how local investment can strengthen manufacturing and reduce import dependence.

Victor Inusa
Victor Inusa,
Newsletter Editor.

Today’s Must Read

Cameroonian business tycoon Nassourou launches a $100-million sugar mill

Cameroon Tycoon Magnate Nassourou Issa. (Photo Credit: X)

Backed by financing from Société Générale and CCA-Bank, Nassourou Issa's NASCO Group has begun civil engineering work on a new sugar refinery expected to be fully operational by 2028.

The plant aims to produce 300,000 tons of refined sugar annually, enough to match Cameroon’s national demand and exceed the output of Sosucam.

If completed as planned, the project could reduce the country’s reliance on sugar imports. However, analysts say meeting the production target will depend on building a reliable sugarcane supply chain to keep the refinery operating at full capacity. Read more…

The Big 3

(Photo Credit: REUTERS)

🇰🇪 Kenya eyes 60,000 jobs as Ruto confirms deal with Dangote to build East Africa’s biggest refinery

President William Ruto said Kenya has reached an agreement with Aliko Dangote to move ahead with a proposed refinery in Lamu.

The project is expected to create about 60,000 jobs, supply refined fuel to eight East and Central African countries, and become East Africa's largest refinery if completed. Read more…

🇪🇹 Nearly 2,000 Ethiopians escape Saudi prisons through royal amnesty as executions continue

Nearly 2,000 Ethiopian nationals have received a royal amnesty in Saudi Arabia following diplomatic efforts by Ethiopia.

The announcement comes as rights groups continue raising concerns about the treatment of Ethiopian prisoners, with many still on death row and reports alleging limited legal representation and appeal opportunities. Read more…

🇿🇦 Heiress to Zimbabwean and South African-born billionaires turns $2 million Australian home into an $8.5 million sale

Beau Neilson sold her Sydney warehouse home for about $8.5 million after buying it in 2012 for about $2 million.

The sale follows a major renovation that transformed the former industrial building into a luxury residence and adds to a series of high-value property transactions involving the Neilson family. Read more…

Quote Of The Day

Success is made up of 1% dreams and 99% hard work.

— Tony O. Elumelu

Meet America’s Newest $1B Unicorn

It just surpassed a $1B valuation, joining private US companies like SpaceX and OpenAI. Unlike them, you can invest in EnergyX today. General Motors already has. Why? EnergyX’s tech can recover up to 3X more lithium than traditional methods. Now, they hold rights to ~13M tons of lithium across North and South America. Invest in EnergyX at $13/share by 7/16.

Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Beehiiv to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Beehiiv has been paid in cash and may receive additional compensation. Beehiiv and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty.

Geopolitics & Power

(Photo Credit: AP)

🇺🇸 Trump is sending a U.S. top diplomat to three key West African nations as geopolitical competition heats up

Assistant Secretary of State Frank Garcia is visiting Nigeria, Côte d'Ivoire, and Mali from July 11 to 18, marking his first official Africa tour. The trip aims to advance U.S. security and economic interests while reinforcing regional partnerships.

This comes as Washington pushes to counter expanding Russian and Chinese influence, keeping diplomatic channels open even with military-led Mali. Read more…

Global Trends, African Impact

(Photo Credit: Shutterstock)

🇸🇩 Sudan’s gold wealth under threat as the EU moves to choke a key war revenue stream

The European Union has imposed new sanctions on Sudan's gold trade, including an import ban and restrictions on selling gold within EU states. Approved on July 13, 2026, the measures also ban the sale of cyanide and mercury to Sudan.

Gold accounts for over 58% of Sudan's export value, and control over mines serves as a key funding source for both the army and the paramilitary RSF. Read more…

Executive Trivia

(Photo Credit: AP)

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July 16 is the Final Day to Invest in EnergyX

General Motors, POSCO, and 50,000+ everyday investors already backed EnergyX. Here’s why you should do the same before July 16: lithium prices are up 75% this year, with demand growing 5X by 2040. With tech that can recover up to 3X more than traditional methods, EnergyX is preparing to unlock up to 13M tons. Invest in EnergyX before the 7/16 deadline.

Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Beehiiv to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Beehiiv has been paid in cash and may receive additional compensation. Beehiiv and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty.

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(Photo Credit: Julien Eichinger - Fotolia)

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