Africa's Investment Intelligence

Intelligence that moves capital.

A weekly briefing for investors, fund managers, and business leaders — AfriCapital Review's curated intelligence on African markets, deals, and strategy.

What's Inside Each Issue

Market Pulse

Key movements across African stock exchanges, bond markets, and currency pairs. The data points that matter, stripped of noise.

Deal Flow

VC rounds, M&A transactions, sovereign bond issuances, and infrastructure deals — curated and analysed for investment relevance.

Policy Watch

Regulatory changes, central bank decisions, and trade agreements that will impact capital deployment across the continent.

Deep Dive

One long-form analysis each week: a sector, a market, or a trend examined with the depth that drives informed decisions.

On the Ground

Dispatches from our network across Johannesburg, Nairobi, Lagos, Cairo, and Kigali — the view from inside, not outside.

Who Reads The Continental Briefing

Our readers are the people shaping African capital flows — not passive observers, but active participants in the continent's economic transformation.

32%
Fund Managers & Analysts
24%
C-Suite & Founders
22%
Policy & Development
22%
Advisors & Consultants

Recent Issues

Issue #09 · October 7, 2026

Gold Fields bid $27 billion for a rival. Its own shares fell nearly 13%.

Northern Star's board rejected the offer; Gold Fields' shares took the hit. Plus MTN's US lawsuit entering discovery, the 1 October sell-off in South African banks, and a correction on the Dangote subscription figure.

Issue #08 · September 29, 2026

More Nigerians tried to buy into Dangote's refinery than ever signed up for MTN or GTCO.

Chapel Hill Denham says Dangote's IPO passed the digital-subscription records of both offers on day one. Plus Bridge Bank Group's oversubscribed BRVM debut.

Issue #07 · September 22, 2026

Nigeria returned to a global index this week. Ours still can't see most of it.

FTSE Russell restored Nigeria's Frontier Market status as the NGX closed at a record ₦162.157tn market cap and Dangote's IPO opened to the public — and why the Africa 30 barely registered any of it.

Issue #06 · September 14, 2026

We screened our own index against its own rules. The rules failed first.

The September AFR30 rebalancing: six constituents in, six out, and why the selection rule needed five amendments before it could stand. Plus the Dangote Refinery IPO opens.

Issue #05 · September 8, 2026

₦1.88tn left the market. It didn't leave Nigeria.

The NGX fell 1.17% the day after reclaiming ₦160 trillion — investors selling what they own to buy what's coming: Dangote's refinery IPO.

Issue #04 · September 2, 2026

We said watch Lagos. It did the opposite.

The NGX had fallen eight sessions straight and shed ₦5.4 trillion. We said the thing to watch was whether the selling broadened. It didn't — it reversed.

Issue #03 · August 24, 2026

Lagos sheds ₦5.4tn, Johannesburg's gold miners run 25%

Nigeria lost the title of world's best-performing stock market after five weeks. The same week, two South African gold miners posted a move that rewrites an index.

Issue #02 · August 18, 2026

Dangote's $5bn filing, and the exchange nobody can see

Lagos filed for what could be Africa's largest listing ever. A Nigerian fintech heads to New York at a $4bn target. And the year's most oversubscribed African IPO happened on an exchange most data providers miss.

Issue #01 · August 11, 2026

A ₦40bn default, and a gold rally bending our own index

One story tests whether leveraged takeovers in Nigerian power were ever sensibly priced. The other is distorting how African equity indices — including ours — are built.