Daily Archives: 23rd July 2026

The Dangote Refinery, controlled by Africa’s richest man, Aliko Dangote, has received backing from some of Africa’s most high-profile institutional investors, raising $2.5 billion in a historic private equity placement that generated record demand. Dangote Refinery has raised $2.5 billion in a record-breaking private equity placement with strong interest from major African and international institutional…

The official state-owned lithium mining arm of Zimbabwe, Mutapa Energy Resources, has secured a $300 million investment to accelerate the development of its lithium assets, marking the latest step in the country’s efforts to bolster its position in the global battery resource market. Zimbabwe’s state-owned Mutapa Energy Resources has secured a $300 million investment to…

Cameroonian billionaire Baba Ahmadou Danpullo has launched a new asset management firm, Danpullo Capital, to organize and shield his estimated $930 million fortune. Baba Ahmadou Danpullo has launched Danpullo Capital, an asset management firm, to organize and protect his $930 million fortune. The firm was unveiled in Douala in partnership with Kessner Capital Management. Danpullo’s…

The former president of Nigeria, Goodluck Ebele Jonathan, recently relayed that the country’s local content strategy for the oil and gas industry was inspired by China’s success in developing a robust domestic petroleum industry. Former Nigerian president Goodluck Jonathan revealed that the country’s oil and gas local content strategy was inspired by China’s petroleum industry.…