The world gave investors plenty of reasons to worry this week. Oil remained expensive. The Strait of Hormuz remained severely disrupted. Washington and Tehran remained far apart. Long-term U.S. borrowing costs flashed warning signs. Consumers showed signs of becoming more cautious. And businesses continued trying to figure out what an increasingly unpredictable global economy…
Africa has spent decades watching some of its biggest businesses look overseas when they need serious money. London. New York. International banks. Foreign institutional investors. But one of Africa’s biggest industrial projects is preparing to do something different. Dangote Petroleum Refinery wants Nigerians themselves to become owners. The company is preparing for an initial…
THE ABE HOOK Fourteen months. That’s roughly how long it took for the Los Angeles Lakers to go from being valued at $10 billion in one ownership deal to $12.5 billion in another. Not because the Lakers suddenly discovered a new sport. Not because basketball changed overnight. But because owning one of the world’s…
