Commodities
Asian diesel replaces disrupted Middle East supply to Africa
August flows from Asia reached 1.8–2 million tonnes as Middle East shipments fell to a near nine-year low amid refinery and shipping disruptions.
Etiqueta: <span>Africa</span>
Finance
Moment raises $22 million to scale enterprise payment infrastructure across Africa
AlphaCode Venture Partners led the closed Series A, joined by returning investors General Catalyst and MultiChoice and new backer Canal+, bringing Moment's reported total funding to $55 million.
Markets
African states put public assets, pension capital and local processing into investment strategy
Nigeria’s pledge to list its state oil company, South Africa’s ZAR 3 billion hydrogen-fund close and Namibia’s insistence on processing critical minerals at home show governments trying to set the terms of capital. None removes execution risk: Nigeria has no IPO timetable, the hydrogen vehicle still targets a fourfold expansion and Namibia must convert policy conditions into funded plants.
Finance
Airtel Africa Revives $10 Billion London IPO for Mobile Money Unit as Bank Lineup Expands
Airtel Africa is expanding its investment bank lineup for the planned London listing of its mobile money unit, Airtel Money, in a deal that could value the business at approximately $10 billion. Citigroup is leading the transaction, which is expected to raise between $1.5 billion and $2 billion and would mark London's largest IPO since Wise in 2021.