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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.
Forbes says $51.7 billion, Bloomberg $35.7 billion. Most of the gap is one asset that has never had a market price: the refinery. Its IPO implies a valuation of about $48 billion, and subscriptions close Tuesday. What Dangote owns, how it is valued, and what listing will settle.
Zenith Bank founder Jim Ovia is set to collect N8.7 billion from the lender's raised interim dividend, even as its half-year profit fell 19%.
Manoj Lakhiani dropped out of school at 17 and borrowed $25,000 from his father. He turned it into Blow Group, one of Ghana's biggest manufacturers.
Congolese oil tycoon Lucien Ebata says his company Trident OGX aims to raise production from 2,500 barrels a day to as much as 50,000.
Nigeria's finance minister says the country does not have enough crude to supply Aliko Dangote's giant Lagos refinery, forcing the billionaire to import oil.
Ray Dalio and his Australian partners have sold six New South Wales farms, including two famous Merino studs, for about $209 million.
Akash and Isha Ambani have taken Jio Platforms' $3.1 billion share sale to global investors, ahead of what would be India's largest IPO.
South African billionaire Patrice Motsepe has confirmed he will step down as president of the Confederation of African Football when his term ends.
Pressure is building in Kenya for the government to publish the terms of Aliko Dangote's $16 billion Lamu refinery, including taxpayers' share.
Kenyan banking tycoon James Mwangi has been named to a new global commission chaired by former German Chancellor Olaf Scholz to reshape development cooperation.
Ogun State's $7 billion port deal with DP World has raised questions about Aliko Dangote's 80% stake in the existing Olokola free trade zone venture.
Jeff Bezos says Blue Origin will likely go public in several years, after a $10 billion raise valued his rocket company at $140 billion.
Gavin Newsom has endorsed a ballot measure bankrolled by Google co-founder Sergey Brin that would kill California's proposed one-time tax on billionaires.
Workday co-founder David Duffield has sold $18.6 million of the software company's shares, leaving him with a stake worth about $6.7 billion.
Tanzania's competition watchdog has blocked Taifa Gas, controlled by tycoon Rostam Aziz, from buying the operator of the country's biggest producing gas field.