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| Africa’s daily intelligence on business, policy and power—what changed, what it means and what to watch next. | ||
| OPENING SIGNAL | ||
| Dangote's record IPO is coming. The crude supply question is getting bigger |
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Nigeria's Dangote Refinery plans an October IPO targeting $5 billion, Africa's largest listing, to help fund doubling its capacity within three years.
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| READ THE FULL STORY → |
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BUSINESS · AFRICA
MTN is looking beyond telecoms and into banking
Africa's largest telecoms operator is exploring banking licences in selected markets as it pushes further into lending through its mobile money business.
MTN currently provides loans through partnerships with banks but is considering whether it could eventually take deposits and lend from its own balance sheet in selected markets.
MARKETS · ZAMBIA
Jubilee Metals picks buyer for $35 million project sale
Jubilee Metals has selected a preferred buyer for its Large Waste Project in Zambia in a deal worth $35 million.
The transaction could strengthen the company's balance sheet as it continues to focus on its broader metals operations in one of Africa's key copper-producing markets.
POLICY · EGYPT
Egypt creates its first hedge fund framework
Egypt has introduced its first regulatory framework for hedge funds, creating rules around activities including securities lending and short selling.
The move gives the country's financial markets a new structure for more sophisticated investment strategies as Egypt works to deepen its capital markets.
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PARTNER MESSAGE
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AUG 26, 2026 · MARKET SNAPSHOTS AT PRODUCTION TIME.
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GLOBAL MARKETS
Oil falls on hopes of a Hormuz reopening. Africa could feel the relief.
Global stocks edged higher as oil prices fell for a third straight day, with hopes growing that the Strait of Hormuz could reopen.
Brent crude dropped more than 2% to $86.45 a barrel as Iran restarted talks with Oman over managing the waterway.
THE AFRICA ANGLE: Lower crude prices could ease pressure on fuel costs, transport prices, inflation and foreign-exchange demand in Africa's oil-importing economies.
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PARTNER MESSAGE
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EXECUTIVE TRIVIA HOW WELL DO YOU KNOW AFRICAN BUSINESS? One quick question on African business, economics, policy or corporate history. Choose an answer below and see immediately if you are right. |
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