Nairobi Securities Exchange (NSE) is the
4th best performer in the world.
Big congratulations to my good friend @frank_mwiti, the CEO of the NSE and a fellow EY alumni. He has done an amazing job in just over two years since becoming the CEO.
Thereโs a lot we will learn from NSEโs 70+ years experience in Ethiopia as the new one-year old Ethiopian Securities Exchange (ESX) grows rapidly.
Kenya Nigeria Tanzania Uganda Rwanda Ghana
@NSE_PLC@ESXEthiopia@CMAEthiopia
We think of this evil as Marxism. In reality, Marxism is nothing more or less than the current instantiation of a much more ancient evil: possession by the envious and hateful spirit that drove Cain to murder his brother Abel.
The great book of Genesis thus portrays mankind as riven by an eternal fratricidal conflict.
Those who reject genuine sacrifice become embittered by their subsequent failure ("rejection by God").
Instead of repenting and changing, they turn to revenge.
And who do they target? Those who strive to do well and offer what is best.
I can't believe how much wisdom the author of Genesis 4 compressed into that story's few sentences. You might even come to believe that God Himself had a hand in it.
Truly: it's uncanny. The first two human beings born into history are, respectively, a good, honest productive man and his brother, who allows himself to be consumed by resentment and the desire to destroy.
Communism, in a nutshell.
Nairobi Securities Exchange (NSE) is the
4th best performer in the world.
Big congratulations to my good friend @frank_mwiti, the CEO of the NSE and a fellow EY alumni. He has done an amazing job in just over two years since becoming the CEO.
Thereโs a lot we will learn from NSEโs 70+ years experience in Ethiopia as the new one-year old Ethiopian Securities Exchange (ESX) grows rapidly.
Kenya Nigeria Tanzania Uganda Rwanda Ghana
@NSE_PLC@ESXEthiopia@CMAEthiopia
Aliko Dangote has nearly completed a $2.5 billion private stock placement for Dangote Petroleum Refinery and Petrochemicals FZE, selling up to 6 percent of the company at a valuation of approximately $40 billion after attracting around $4 billion in demand.
The IPO, expected as early as August, could raise a further $1.5 to $2 billion, with proceeds targeted at doubling refinery capacity from 700,000 to 1.4 million barrels per day by 2028.
The fundraising follows a $750 million debt offer and comes as the 650,000-barrel-per-day Lagos refinery has emerged as a key alternative supply source since the Iran war disrupted Gulf energy routes from February 2026.