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Business Insider Africa

Africa’s largest refinery IPO fails to meet its 10 million investor target despite attracting ₦6.4 trillion in orders

Africa’s largest initial public offering (IPO), launched by Aliko Dangote to give ordinary Nigerians and investors across the continent a stake in his $20 billion refinery, has fallen short of its target of attracting 10 million investors despite receiving orders worth approximately ₦6.4 trillion.

Business Insider Africa

Despite hosting China’s largest overseas military base, Africa’s military hub holds latest exercise with US, France and 3 other nations without Beijing

Africa's most strategic military hub, Djibouti has joined the United States, France, Japan, Italy and Spain in a multinational military exercise that highlights its growing importance to global security and the strategic competition between Washington and Beijing.

Business Insider Africa

African-linked tankers caught in US blockade as Trump-Putin’s 1.8 million-tonne Russian diesel deal faces rejection by US buyers

At least four tankers carrying Russian diesel have been caught up in the uncertainty surrounding US President Donald Trump’s agreement with Russian President Vladimir Putin to release more than 1.8 million tonnes of fuel to global markets, with two vessels linked to African countries among those…