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Investor Memo: The American Bet — How Washington's $100 Million Loan to Ziad Dalloul's Africell Makes One Telecom the Front Line Against Huawei in Africa

Washington is lending nearly $100 million to Ziad Dalloul's Africell — Africa's only American-owned telecom — to buy US kit instead of Huawei's. A deal that turns one operator into the front line of the US-China contest for Africa's networks. The memo on what it means.

Investor Memo: The American Bet — How Washington's $100 Million Loan to Ziad Dalloul's Africell Makes One Telecom the Front Line Against Huawei in Africa

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Deep-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

Deep-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.

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