THE CAPITAL ISSUE THE MONEY BEHIND AFRICA’S MAJOR DEVELOPMENTS
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The Project Herald Review
Ted Eni Is Building the Technology Layer for Africa’s Next Agricultural Economy
Ted Eni is contributing to the transformation of Africa’s agricultural economy through technology-driven solutions, building the digital foundations for a more connected, productive and modern agricultural sector.
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Julius Berger’s Next Chapter: From Nigeria’s Biggest Contractor to a Continental Infrastructure Platform
Julius Berger just posted its strongest year in decades — ₦759.9 billion in revenue, profit nearly doubled, and a ₦1.08 trillion asset base — while quietly shifting its identity from pure construction contractor to integrated infrastructure platform. A Record Year, A Bigger Ambition With projects spanning Bonny Island’s LNG corridor to Abuja’s arterial roads, and
AFRICA’S INFRASTRUCTURE POWER 50
An exclusive examination of the people and institutions behind the continent’s most consequential infrastructure developments.
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The Builder Behind Nigeria’s Largest Indigenous EPC Company
From a one-room Lagos office in 1991 to nearly 2,000 employees and a 59-hectare industrial base in Port Harcourt, Dr. Ernest Azudialu-Obiejesi built Nestoil into Nigeria’s largest indigenous engineering and pipeline contractor — without inherited wealth or political backing. Now, as Nestoil’s fabrication, dredging and drilling capabilities deepen, the next question is whether Nigerian-built execution
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TotalEnergies Bets Big on Africa: Four Mega-Projects, One Continental Strategy
From Angola’s deepwater Kaminho development to Mozambique’s LNG restart, Uganda’s Tilenga-EACOP pipeline, and Nigeria’s NLNG Train 7 expansion, TotalEnergies is running four major African energy projects simultaneously — backed by a planned $10 billion Angola investment alone. As the group balances its oil and gas core with a push into renewables, its African portfolio is
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MTN’s Next Act: From Mobile Operator to Africa’s Digital Backbone
MTN Group is repositioning around three platforms — Connectivity, Fintech and Digital Infrastructure — as it chases Africa’s next wave of data growth, financial inclusion and AI-enabled infrastructure. With 317.7 million subscribers across 19 markets, R38 billion in network investment, and MoMo processing over $500 billion in transactions, the telecom giant is betting its future
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Sasol at the Crossroads: Africa’s Industrial Giant Bets on a Lower-Carbon Future
Sasol, the South African energy and chemicals powerhouse behind Secunda and Sasolburg, is entering a defining transition — balancing its coal-and-gas-built industrial scale against mounting pressure to decarbonise. With green hydrogen, renewable energy, and sustainable aviation fuel now on its strategic radar, the company’s next moves could reshape procurement and investment opportunities across engineering, infrastructure,
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THE RETURN TO AFUNGI
Issue 001 · September 2026 THE RETURN TO AFUNGI Inside a $20 Billion Bet on Coming Home Five years after an insurgent attack forced 2,500 people to flee by ferry, Mozambique’s biggest gas project is rebuilding, and so is the province around it. Security. Human rights. Local content. Capital. One project, four collisions — and
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