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…
Informal apprenticeships remain Africa’s largest skills development system, providing training opportunities to millions of young people and workers who would otherwise lack access to formal training. This was one of the highlights at the third annual regional conference of the Sub-Saharan Africa Skills and Apprenticeship Stakeholders Network held in Abuja, Nigeria, last week. The Ministry…
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…
Financial fraud presents a direct reputational exposure for listed companies. Financial fraud is no longer a peripheral concern for large organisations. It sits on audit committee agendas, features in board risk registers and has become a direct reputational exposure for listed companies. The question for CFOs and their teams is not whether controls are needed,…
SHANGHAI, CHINA – NOVEMBER 05: People visit the booth of Organon during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 5, 2024 in Shanghai, China. The 7th China International Import Expo (CIIE) kicked off in Shanghai on November 5. (Photo by Tang Yanjun/China News Service/VCG via…
The Big Catch-Up, launched during World Immunization Week 2023, has delivered over 100 million vaccine doses to an estimated 18.3 million children across 36 countries Around 12.3 million were “zero-dose children” who had not previously received any vaccines and 15 million who had never received a measles vaccine. The initiative concluded in March 2026 and…
The European Union (EU) and its Member States adopted the financial contribution to the African Union (AU) Support and Stabilization Mission in Somalia (AUSSOM) with an amount of EUR 75 million, confirming the EU as its largest supporter. This brings the EU total support to successive AU-led missions over the last two decades to almost…
The managing director and chief executive of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Kuku, has disclosed that Nigeria emerged as the second-largest domestic passenger market in Africa, recording over 10.5 million passengers and a 10 per cent year-on-year growth. Kuku made this known during her closing address at the ACI Africa Regional Conference…
Through the African Compute Initiative, researchers can tackle a wide range of AI and data-intensive projects. The University of Cape Town (UCT) is set to establish Africa’s largest GPU intensive compute cluster dedicated to artificial intelligence (AI) research, marking a shift in the continent’s digital research capabilities, it says. The African Compute Initiative (ACI) forms…
Cities across the west of Ukraine were hit, with residential buildings damaged and many injured.
