Capital Intelligence & Research - The Africa Capital Report

Rankings

The Top 20 African IPOs, Ranked by Capital Raised

By Solomon KingSeptember 19, 2026

Aliko Dangote’s petroleum refinery IPO, closing October 13 on the Nigerian Exchange, is on pace…

The Law You Can’t Find Is the Capital You Won’t Get

I have sat across from more term sheets than I can count…

Capital Stories

The Only Private Equity Money Moving In Mali Right Now Belongs To Malians Who Left.

RANKINGS

The Top 20 African IPOs, Ranked by Capital Raised

September 19, 2026

The Governance Premium: What Egypt’s Best-Funded Startups Bought That Capiter Couldn’t

August 27, 2026

Function Beats Balance Sheet: How Egypt’s Sovereign-Bank Nexus Actually Sorts Its 33 Licensed Banks

August 25, 2026

Burundi Built a Capital Market. It Still Has to Make Investors Trade.

August 24, 2026

CAPITAL ECOSYSTEM

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Going Public Didn’t Create Dangote’s Monopoly. It Made The Regulator’s Case.

By Chidinma NwabuezeSeptember 17, 2026

Dangote Petroleum Refinery and Petrochemicals opened its initial public offering on 14 September, targeting roughly…

The Gong That Doesn’t Ring for Startups

By Solomon KingSeptember 16, 2026

This week, the Dangote Refinery IPO opened, the WhatsApp groups are doing what WhatsApp groups…

This Week On TACR.

By Chidinma NwabuezeSeptember 11, 2026

Yes. One recurring theme nobody planned but everybody wrote about anyway: Receipts. Who has them,…

The $165 Million Black Box

By Solomon KingSeptember 10, 2026

Equatorial Guinea created a sovereign wealth fund in 2002 — years before Nigeria had a…

The World Bank Hasn’t Lent to Equatorial Guinea Since 1992. Now It Argues the World Should Pay for Its Forest.

By Chidinma NwabuezeSeptember 8, 2026

The World Bank has not approved a new lending project for Equatorial Guinea since 1992.…

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Interviews

The Law You Can’t Find Is the Capital You Won’t Get

By Solomon KingSeptember 17, 2026

The Other 98%: A Commodities Trader Makes the Case Against VC-Centrism

The Room Is the Real Term Sheet

The KPI Hedge: How a Lithuanian Angel Prices Trust Into a Nigerian Bet

Africa Has the Minerals. Someone Else Has the Margin.

Angel Investing Isn’t What You Think

Ideas, Cheques & Capital: Bridging the Distance Between Dreams and Deals

MINE 1000

Sectors & Industries

Why Cement Costs 11,000 FCFA in Bamako and 220,000 in Gao

Manufacturing By Solomon King

On 23 March 2026, CIMAF’s cement plant at Natien, in Mali’s Sikasso region, entered production. On 2 September, Mali’s Council of Ministers formally noted the project: a 56 billion CFA franc investment, installed capacity of 1 million tonnes a year,…

Rankings

The Top 20 African IPOs, Ranked by Capital Raised

Interviews

The Law You Can’t Find Is the Capital You Won’t Get

Capital Stories

The Only Private Equity Money Moving In Mali Right Now Belongs To Malians Who Left.

INSIGHTS

By Solomon King

10 Questions Every Founder Should Ask Every Investor

By Solomon King

The Accounting of Sacrifice: why goodwill is residual and not the reward

By Joesph Afasinu

The Accelerator’s Other Business

INTERNATIONAL MARKETS

Function Beats Balance Sheet: How Egypt’s Sovereign-Bank Nexus Actually Sorts Its 33 Licensed Banks

Rankings By Chidinma Nwabueze

The Central Bank of Egypt’s supervisory framework publishes separate balance-sheet, income-statement, and financial-soundness data for the sector as a whole, for the top ten banks, and for the top five — and its own financial-stability monitoring explicitly tracks asset concentration…

The Top 20 African IPOs, Ranked by Capital Raised

By Solomon King

Aliko Dangote’s petroleum refinery IPO, closing October 13 on the Nigerian Exchange, is on…

The Law You Can’t Find Is the Capital You Won’t Get

By Solomon King

I have sat across from more term sheets than I can count over the…

The Only Private Equity Money Moving In Mali Right Now Belongs To Malians Who Left.

By Esther Memeh

Foreign direct investment into the country fell 60.5% year-on-year at one point this decade,…

Morocco’s Business Press Covered The Succession. Nobody Covered What She’s Actually Inheriting.

Senegal’s Sovereign Fund Is Betting Public Money to Buy Private Capital.

Going Public Didn’t Create Dangote’s Monopoly. It Made The Regulator’s Case.

Dangote Petroleum Refinery and Petrochemicals opened its initial public offering on 14 September, targeting roughly…

The Gong That Doesn’t Ring for Startups

This week, the Dangote Refinery IPO opened, the WhatsApp groups are doing what WhatsApp groups…

Opportunities

By Josephine King

Uganda Climate Innovation Challenge 2026 Opens Applications for Youth-Led Climate Enterprises

By Josephine King

MTN Foundation ICT and Business Skills Training (Phase 8) for Young Nigerian Entrepreneurs (₦100 Million in Equipment Grants)

By Josephine King

Women’s World Banking Opens Fall 2026 Internships in Research and Policy

By Chidinma Nwabueze

Investing In Africa 2026 Returns To London This October

By Josephine King

Water Research Foundation Opens $200,000 Grant on Workforce ROI

NBTR

Book

EVENTS

FT Africa Summit Returns To London For Its 13th Year.

Events By Chidinma Nwabueze

The FT Africa Summit, now in its 13th year, returns to London on…

UNGA Sidelines Host Invest Africa’s “Financing Africa’s Future” Forum In New York

Events By Chidinma Nwabueze

UNGA: Financing Africa’s Future, organised by Invest Africa, convenes on the margins of…

Africa Investor Forum: Connecting Africa’s Growth To The World’s Capital

Events By Chidinma Nwabueze

The Africa Investor Forum, hosted by Invest Africa and CRDB Bank, will bring…

2nd Lagos Venture Finance Summit Convenes Institutional Capital in September

Events By Chidinma Nwabueze

The Lagos Venture Finance Summit, organised by Vencapital, returns for its second edition…