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Dangote and the rise of African industrial capital

Dangote and the rise of African industrial capital

ALIKO Dangote’s latest industrial investments are beginning to show what African capital, when deployed at scale, can deliver not just in returns but also in building systems the continent has long outsourced. Speaking at the Semafor World Economy Summit 2026, Aliko Dangote framed Africa’s development gap as a question of capital commitment rather than opportunity. “We are waiting for foreign investors to come and develop our own land. It’s not possible,” he said. “If we don’t commit our own funds to develop our continent, nobody will do that for us.” That argument is now being tested against hard numbers. In…
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Fool’s gold on the Nile: How Ugandan investigators unravelled a UGX 13 billion fake-gold conspiracy

Fool’s gold on the Nile: How Ugandan investigators unravelled a UGX 13 billion fake-gold conspiracy

THE operation was the kind that intelligence agencies rarely announce until every piece is in place. For weeks, detectives from Uganda's State House Anti-Corruption Unit worked in concert with the Criminal Investigations Directorate (CID) and the Office of the Director of Public Prosecutions (ODPP), quietly closing a net around a network of alleged fraudsters who had brazenly cheated foreign investors out of millions of dollars - all in the name of African gold. On Tuesday, that net closed publicly. Muhammad Ali, a businessman identified as a manager at Duck Hunters Security Company in Kampala, was arraigned before the Makindye Magistrates…
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Pope Leo XIV delivers blunt justice message to one of Africa’s most repressive regimes

Pope Leo XIV delivers blunt justice message to one of Africa’s most repressive regimes

HE came as a pilgrim. He spoke as a prosecutor. On the last full day of what the Vatican has called one of the most logistically ambitious papal tours ever mounted, Pope Leo XIV stood inside the largest church in Central Africa and delivered a verdict that the government hosting him would have preferred he did not utter. The Basilica of the Immaculate Conception in Mongomo - a grandiose structure modelled on St. Peter's Square in Rome, built in a country where most citizens live in poverty - became, for a few charged hours on Wednesday, a pulpit of accountability.…
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Kenya’s next election is being built now, and Gen Z is driving it

Kenya’s next election is being built now, and Gen Z is driving it

BY mid-morning on a Wednesday, the voter registration desk at Moi Primary School in Nakuru West had begun to fill with clusters of young people, some arriving in pairs, others in small groups, many holding their phones as they cross-checked details before joining the queue. The polling station, typically quiet outside election periods, has taken on a different rhythm, with first-time voters moving steadily through the process as youth organizers hover nearby, guiding them step by step and urging others to join. A few meters from the desk, 22-year-old Loice Wangui moves between groups, stopping to answer questions, checking documents,…
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From Darfur to Foggia: The Sudanese refugee who refused to let war kill his dream

From Darfur to Foggia: The Sudanese refugee who refused to let war kill his dream

IT was only his second day as a medical intern when the world he had spent a lifetime building collapsed around him. On 15 April 2023, Gbreel arrived for his shift at a hospital in Nyala, the capital of South Darfur State in Sudan, and noticed an unusual number of soldiers on the city streets. He dismissed the thought and walked to his ward. Within five minutes, the building shook. A bomb had struck part of the hospital. Gbreel switched on a television. What he saw confirmed what the sounds had already told him: Sudan was at war. Fighting had…
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From Malabo to the world: Pope Leo XIV uses Africa stage to deliver his most forceful challenge yet to the global order

From Malabo to the world: Pope Leo XIV uses Africa stage to deliver his most forceful challenge yet to the global order

WHEN Pope Leo XIV touched down in Malabo on Tuesday for the final stop of his four-nation Africa tour, the choreography was familiar: motorcade, dignitaries, cathedral. But the words that followed belonged to a different kind of papal visit - one shaped less by pastoral comfort than by an increasingly urgent moral reckoning with the state of the world. Standing before Equatorial Guinea President Teodoro Obiang Nguema Mbasogo - one of Africa's longest-serving and most widely criticised leaders - the head of the 1.4-billion-member Catholic Church delivered a blunt verdict on the direction of global affairs. Humanity's future, he warned,…
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Sa SIU strikes: R76.5 million in properties, Porsche cars frozen in Eskom procurement scandal

Sa SIU strikes: R76.5 million in properties, Porsche cars frozen in Eskom procurement scandal

THE Special Investigating Unit (SIU) has delivered another decisive blow to the culture of impunity that has long plagued South Africa's state-owned enterprises, securing a sweeping preservation order that freezes R76.5 million worth of assets linked to a single businessman and his web of family trusts -  assets prosecutors allege were built on the proceeds of a brazen scheme to loot Eskom's procurement budget. Judge BM Ngoepe of the Special Tribunal granted the order, prohibiting the sale, transfer, concealment or disposal of 17 immovable properties spread across Gauteng, KwaZulu-Natal and Mpumalanga, as well as seven luxury vehicles - among them…
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Bridge over troubled waters: How the Senqu Bridge rewrites the architecture of southern African solidarity

Bridge over troubled waters: How the Senqu Bridge rewrites the architecture of southern African solidarity

THE wind that sweeps down from the high Maluti Mountains carries the cold indifference of altitude. But on the morning of Wednesday, 22 April 2026, it carried something else: the unmistakable warmth of a milestone arrived at. In the remote district of Mokhotlong, in Lesotho, at more than 2,500 metres above sea level, South African President Cyril Ramaphosa crossed the border to stand shoulder to shoulder with His Majesty King Letsie III and Prime Minister Samuel Matekane for the official opening of the iconic Senqu Bridge - and its formal handover to the people of Lesotho. At 825 metres long…
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In Saurimo’s Lar, a pope finds the face of Africa

In Saurimo’s Lar, a pope finds the face of Africa

THERE is a particular kind of quiet that settles over a care home in the morning - a silence compounded of memory and patience, of lives fully lived and now lived slowly. It was into exactly this kind of quiet that Pope Leo XIV walked on Monday, in the northeastern Angolan city of Saurimo, and it was from within it that he delivered what may prove to be among the most luminous addresses of his entire African journey. The facility, known to its residents simply as Lar - the Portuguese word for 'home' - is an Angolan government-run care home…
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Africa’s 345 billion-dollar companies – and a $1 trillion story the world is missing

Africa’s 345 billion-dollar companies – and a $1 trillion story the world is missing

AFRICA is home to far more corporate giants than the world — or even the continent itself — tends to acknowledge. At least 345 companies operating across Africa generate $1 billion or more in annual revenue, together producing a combined output exceeding $1 trillion every year. That is the startling headline from fresh intelligence compiled by Afridigest, the Lagos-based business media and strategic intelligence platform led by founder Emeka Ajene. The data disrupts a persistent narrative that Africa is home only to frontier markets, informal economies, and small-cap opportunity — and repositions the continent as a theatre of serious, scalable…
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