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Investor Memo: Hormuz Fallout & African Energy
The Strait of Hormuz is closed, Brent is above $85, and Africa's energy map is splitting into winners and losers — we break down who gains, who bleeds, and what Dangote's stress test reveals.
Latest
Nigerian billionaire Arthur Eze's Oranto sells 75% stake in São Tomé Block 3 to Petrobras
Brazil's Petrobras has agreed to acquire a 75% operating interest in Block 3 offshore São Tomé and Príncipe from Arthur Eze's Oranto Petroleum, its latest move in a fast-expanding African exploration portfolio.
Glencore and Patrice Motsepe's ARM overturn SARS diesel refund ruling on appeal
Ivan Glasenberg's Glencore and Patrice Motsepe's ARM have won a Supreme Court of Appeal ruling reversing a SARS diesel refund decision with wide implications for mining joint ventures.
Aliko Dangote bets N500 billion on sugar as Nigeria pushes to close 1.2 million-tonne import gap
Aliko Dangote is deploying fresh capital into his sugar business after shareholders approved a N500 billion rights issue to fund an expansion targeting 600,000 metric tonnes of annual output by 2030.
Aliko Dangote's refinery is now helping keep European flights in the air as Strait of Hormuz crisis bites
Aliko Dangote's refinery is exporting record volumes of jet fuel to Europe, stepping into a supply crisis triggered by the effective closure of the Strait of Hormuz.