The intelligence satisfies curiosity. The paid briefings satisfy strategy.
Every Monday, Elite subscribers receive an Investor Memo...
Subscribe nowDeep-Dive Report: The $100 Million Club — The 17 Investors Who Own $37.7 Billion of the Nigerian Exchange, and Why Two Men Hold Three-Quarters of It
Just 17 investors hold $37.7 billion of Nigerian-listed shares — and two men, Abdulsamad Rabiu and Aliko Dangote, own three-quarters of it. Inside the NGX's $100 Million Club, the concentration behind it, and why the biggest paper fortunes are also the most fragile.
Related
Deep-Dive Report: After the Bell — Airtel Money Slips Below Its Offer, MNT-Halan Draws 11 Times Demand, and What Africa's Listing Window Has Taught Us So Far
Airtel Money opened below its offer price in London. MNT-Halan's institutional book was covered 11 times. Dangote extended his IPO, and Firmus pulled a $30 billion listing in Sydney. The first results from Africa's listing window, and what they tell investors about the rest.
Deep-Dive Report: The Listing Window — Five African-Facing IPOs in One Month, and Why Day Ninety Matters More Than Day One
A refinery in Lagos, mobile money in London, a fintech in Cairo, a supermarket chain in Nairobi and Africa's biggest phone seller in Hong Kong: five African-facing IPOs in one month. Who is selling, who is buying, and why day ninety matters more than day one.
Deep-Dive Report: The New Lenders of West Africa — As Société Générale Leaves Ghana, Morocco's Royal-Backed Attijariwafa Moves In
Société Générale is leaving Ghana and Attijariwafa is arriving. One by one, French banks are selling their African subsidiaries to African buyers, and the most ambitious buyer is Moroccan and royal-backed. What the shift means for who finances West Africa.
Deep-Dive Report: The Quiet Conglomerate — How Cornelis Vink Built Chivita, Sold It to Coca-Cola, and Is Now Buying the Road His Own Goods Travel On
Cornelis Vink founded Chivita, sold it to Coca-Cola, and watched UAC buy it back. Now his TGI Group is buying UAC's 43% of DP World Logistics. The logic is the oldest one in African business: own the road your own goods travel on. Inside Nigeria's least-discussed large fortune.
Latest
South African billionaire Koos Bekker cashes out $500 million to build luxury hotels
Koos Bekker's family trust has sold Naspers and Prosus shares worth about $500 million in three rounds since 2023, earmarking the money for his hotels.
How Nigerian billionaire Tunde Folawiyo's firm got into Paystack and Flutterwave early
Nigerian billionaire Tunde Folawiyo chairs Pave Investments, which backed Paystack and Flutterwave when they were worth a few million dollars and exited both.
Nigerian pipeline billionaire Emeka Okwuosa says Africa can’t run on renewables alone
Oilserv founder Emeka Okwuosa says Nigeria's shift to clean energy must not cost it reliable power: "Energy transition must not be mistaken for energy abandonment."
Nigerian telecoms billionaire Mike Adenuga praised by Onitsha King as “a true man of culture”
The Obi of Onitsha has hailed Nigerian billionaire Mike Adenuga as "a true man of culture," crediting him with helping preserve Nigerian heritage.