Despite warnings from China, Saudi Arabia and Turkey, Israel advances embassy plans as U.S.-backed Somalia hits back and reasserts its claim to breakaway territory

Somalia has officially rejected Israel's appointment of an ambassador to Somaliland, declaring the action illegal and without legal effect.

— Business Insider Africa
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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.