African equity markets displayed a wide divergence in performance as of Friday, October 4, 2026, with frontier exchanges in East and West Africa significantly outperforming larger markets. Tanzania, Zimbabwe, and Nigeria led the continent in year-to-date equity returns, showcasing robust growth. This trend highlights a varied investment landscape across the region, with distinct economic drivers…
Compare two children born in the same year: one in a country with functioning schools, social services, fair elections and a dynamic economy and the other in a nation devastated by poverty, conflict, climate change or corruption. Neither chose their circumstances. Yet, one will likely live decades longer, earn far more and have a meaningful…
Addis Ababa — The Chairperson of the African Union Commission, Mahmoud Ali Youssouf, and United Nations Secretary-General António Guterres have co-chaired a high-level AU-UN meeting on the margins of the 81st United Nations General Assembly to deepen strategic cooperation, strengthen peace and security frameworks, and advance global financial reforms in support of Africa. According to…
Yellow Card, a leading global stablecoin infrastructure provider, today announced the successful closing of a $40 million strategic funding round, with investment from SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and additional strategic investors. The funding will scale Global USD Accounts, Yellow Card’s end-to-end dollar account for businesses, and expand…
Dangote Petroleum Refinery has raised about $2.5 billion through a private equity placement that was oversubscribed by 3.7 times, with the proceeds to fund expansion and strengthen its capital structure. Dangote Petroleum Refinery and Petrochemicals has raised approximately $2.5 billion in fresh equity after successfully concluding a private placement that was 3.7 times oversubscribed, the…
Shares in KKR, Blackstone and other sector peers tumbled on Wednesday after Switzerland’s Partners Group moved to restrict investor withdrawals from one of its funds, stoking fresh fears over private market valuations. Shares in Carlyle Group and KKR dropped more than 5% and 4%, respectively. Blackstone and Ares Management each slipped around 4%, while Blue…
The Blackstone headquarters in New York, US, on Wednesday, July 17, 2024. Bloomberg | Bloomberg | Getty Images Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10…
Apollo Global Management signage in New York on Dec. 5, 2023. Jeenah Moon | Bloomberg | Getty Images Apollo’s John Zito had a blunt assessment of how private equity firms are valuing their software holdings as shares of comparable public tech companies have plunged: They’re not, he said. Zito, co-president of the firm’s giant asset…
President Bola Tinubu has called for a global framework that benefits communities hosting critical minerals in Nigeria and Africa, ensuring value addition at the source. This is coming just as Nigeria also backed the creation of global ethical standards for Artificial Intelligence, AI, aimed at accelerating development across the world. Tinubu made the call at…
Zhang Lei, founder and chairman of Hillhouse Investment, during the Global Financial Leaders’ Investment Summit in Hong Kong, China, on Wednesday, Nov. 5, 2025. Bloomberg | Getty Images Asia-focused private equity managers are turning more bullish on the world’s second-largest economy, betting on Beijing’s drive for technological self-sufficiency and rapid adoption to deliver the next…
