Dangote refinery secures $2.5 billion ahead of landmark IPO
The Dangote Petroleum Refinery has raised $2.5 billion through a private share placement, marking a major step toward what promises to become Africa’s largest initial public offering. Devakumar Edwin, the group’s executive director, confirmed…
Tanzania’s sugar sector gets $132 million boost from Indian investor
Tanzania’s sugar industry is about to get sweeter. Indian conglomerate Dalmia Bharat Sugar and Industries has approved a $132 million integrated sugar complex in the country, set to produce 70,000 tonnes annually with room to double that capacity.…
De Beers halts South Africa’s Venetia Mine for two years as diamond market slumps
De Beers has announced a two-year production halt at its Venetia mine in South Africa, effective immediately. The decision comes as the global diamond market continues to struggle, forcing the mining giant to prioritize cost-cutting and operational…
Angola/Unitel goes public amid political controversy
Unitel, the largest telecom company of Angola, launched its initial public offering on July 6. The sta.....
DRC/Inside Africa’s largest Copper mine: Where superpowers battle for red gold
In the vast warehouses of the Kamoa copper mine in southeastern DRC mountains of reddish rocks pile up as mach....
Zambia/Vedanta bets big on Zambia’s Copper future in $3.6 Billion IPO plan
CopperTech Metals, the US-based unit Vedanta Resources built to run its Zambian copper assets, launched its roadshow for a New York listing this week. The company wants up to $3.57 billion in valuation and plans to sell 23.5 million shares between $16…