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
The internet has become one of the world's biggest business platforms.
Khaby Lame has built one of the world's largest online audiences without saying much at all. Now, the Senegal-born creator has earned a place on Forbes' 2026 Top 50 Creators list, adding another milestone to a business that stretches far beyond social media.
His journey shows how influence is increasingly becoming an asset. As the creator economy grows, more African talent could find itself building businesses, not just audiences.
![]() | Victor Inusa, Newsletter Editor. |
✨ Today’s Must Read
World’s biggest TikToker from Senegal makes Forbes 2026 top 50 creators list months after company’s $975 million stock deal

(Photo Credit: Getty Images)
Khaby Lame has been ranked 15th on Forbes’ 2026 Top Creators list, with estimated annual earnings of $9.9 million and a combined audience of more than 252 million followers. The recognition comes months after a $975 million deal involving the company linked to his brand, though parts of the transaction are still awaiting completion.
Lame remains the most-followed person on TikTok, building a global audience through silent comedy videos that cross language barriers.
His rise highlights the growing value of creators as businesses, with social media influence increasingly being turned into intellectual property, equity and commercial partnerships beyond traditional advertising. Read more…

The Big 3
🇳🇬 Nigeria sold N105 billion worth of petrol to the country accused of reselling it back
Nigeria exported N105.5 billion worth of petrol to Togo in the first quarter of 2026, alongside large shipments of gas oil, jet fuel and crude-related products.
The figures come as claims that Nigerian fuel is routed through Togo and re-imported continue to spark debate, although Dangote Refinery has denied those allegations. Read more…
🇿🇼 Africa’s lithium powerhouse moves to end direct presidential elections, keep its 83-year-old president in power until 2030
Zimbabwe is one step closer to changing how its president is chosen after the Senate approved a constitutional amendment.
The bill delays the next election until 2030, gives lawmakers the power to choose future presidents, and extends presidential and parliamentary terms from five to seven years. Read more…
🇿🇲 Zambia currently boasts its best economic performance in 8 years
Zambia’s inflation fell to 6.5% in June, its lowest level since early 2018, continuing a steady decline that began late last year.
The recovery has been supported by a stronger local currency and rising copper exports, as the country works toward increasing production and attracting more investment into its mining sector. Read more…
Quote Of The Day
Logic will get you from A to B. Imagination will take you everywhere.
Listicles

(Photo Credit: inspenet.com)
Three African countries rank among world’s top gas-flaring nations
The World Bank’s June 2026 Global Gas Flaring Tracker Report highlights a major economic and environmental challenge for African oil economies.
Together with six other global nations, three African countries accounted for 83% of global gas flare volumes in 2025, despite producing only 46% of the world’s oil.
This continued gas waste is valued at an estimated $54 billion globally—fuel that could otherwise support domestic electricity, clean cooking, and industrial growth.
The 3 Top African Gas-Flaring Nations
Nigeria: Despite regulatory penalties, gas commercialization efforts, and the government's official “Decade of Gas” agenda, the country remains among the world's top flaring nations. Its flaring intensity stayed largely unchanged in 2025, leaving chronic domestic power shortages unaddressed.
Algeria: Unlike its peers who plateaued, this strategic energy supplier to Europe recorded a 3% increase in flaring intensity over the past year. This rising metric indicates a growing, unexploited opportunity to capture and process associated gas.
Libya: Holding large hydrocarbon reserves with key pipelines to Europe, Libya's gas flaring intensity also stagnated and remained unchanged in 2025. This reinforces a regional trend where crude production consistently receives more focus than gas capture and infrastructure.
Source: World Bank
Geopolitics & Power

(Photo Credit: REUTERS)
🌍 22 oil and chemical tankers lead a massive 78-vessel Strait of Hormuz transit, easing Africa's fuel concerns
Shipping activity through the Strait of Hormuz hit a post-conflict high with a record 78 vessels, including 22 oil and chemical tankers, transiting on June 24. This surge lifts June's total traffic to 551 crossings, aided by a new Omani safety corridor.
The recovery reduces supply disruption fears, freight costs, and energy price shocks for fuel-dependent African economies. Read more…
Global Trends, African Impact

(Photo Credit: im-mining.com)
🇿🇲 UK company takes a $372 million gamble to increase its grip on Zambia's top critical mineral
Vedanta Resources is selling an 11.8% stake in its U.S. division, CopperTech Metals, to raise up to $429 million. It will use $372 million of the proceeds to develop its Konkola Copper Mines complex in Zambia.
The funds will finish the Konkola Deep project to boost output and meet rising global copper demand from AI infrastructure, power grids, and electric vehicles. Read more…
Executive Trivia

(AI Generated Illustration)
Did You Know?

(Photo Credit: Shutterstock)
Nigeria has the highest number of internet users on the African continent by a wide margin, counting more than 153 million active internet subscribers.
Driven by an explosive, mobile-first tech ecosystem and a vast youth population, Nigeria's online population is so massive that it accounts for a significant portion of Africa's total web traffic.
While North African countries like Morocco lead the continent in terms of overall penetration rate (percentage of the population online), Nigeria’s sheer volume dominates total user metrics, making it the primary engine of Africa's digital and e-commerce economy.
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