๐๏ธ $40B East Africa Trade Bet
To the network, East Africa is no longer waiting for downstream capacity to arrive from abroad. Dangote has broken ground on a $16 billion
To the network, East Africa is no longer waiting for downstream capacity to arrive from abroad. Dangote has broken ground on a $16 billion
Dangote's $2.5B private placement closes, Nigeria opens $700B mining to US, and Libya loses 200K bpd as Brent tops $100.
Nigeria re-enters JPMorgan's $328B bond index, India's Solar acquires Omnia for $1.36B, Libya oil discoveries accelerate plus BRICS abandons its common currency.
Congo copper hits 12M tonnes, Dangote cuts $570M, China deploys $15B, Kenya bans raw exports.
US strikes Egypt's Banque Misr, Dangote lists Africa's largest refinery, Ghana mandates gold refining and Asia fills the Middle East diesel gap.
US backs $1B DRC rail, Ghana locks $2.62B FDI, and Nigeria's FX turnover doubles plus Niger seizes uranium mines as resource nationalism accelerates.
Pretoria Tightens Its Regulatory Grip on Derivatives as Dangote Challenges the Global Downstream Refinery Order