Diaspora Markets

Coverage of Black economic activity across the African diaspora, including business, trade, capital, culture, technology, and global opportunity.

Nigeria’s Ima Gas Field Sat Underground for 53 Years. A Nigerian Company Will Own 60% When It Finally Produces.

An offshore gas field discovered in 1973 is finally moving toward production. With a Nigerian company holding majority ownership and…

1 day ago

Royal Caribbean Is Paying $3 Billion for Half of Sandals. The Bigger Story Is Who Owns Caribbean Tourism.

A Caribbean-built hospitality empire is entering a $3 billion partnership with a global cruise giant. The Stewart family retains half…

2 days ago

U.S. Lends Africell Nearly $100M. Africa Faces a Bigger Ownership Question

The U.S. is financing nearly $100 million for Africell to buy American and allied telecom technology. But shifting suppliers does…

2 weeks ago

UN Votes to Correct Africa’s Size on World Maps as U.S. Casts Only No Vote

Africa won overwhelming UN support for maps that better reflect its true geographic scale. But changing the map raises a…

2 weeks ago

A Black Brazilian Community Challenged a Lithium Mine. Then the Court Stopped Operations.

A Brazilian court halted operations at Sigma Lithium’s only producing mine after a challenge involving a nearby Quilombola community. The…

3 weeks ago

Africa Solar Manufacturing Grows, but China Still Controls the Supply Chain

Africa is producing more solar equipment, but much of the higher-value technology and component supply still comes from China. The…

2 months ago

De Beers Sale Tests Africa’s Ownership of the Diamond Value Chain

Anglo American’s De Beers sale is more than a corporate deal. It could determine whether African diamond-producing states gain more…

2 months ago

South Africa May Drive Out Migrant Workers—and Weaken the Economy It Claims to Protect

Anti-migrant campaigns are framing African workers and entrepreneurs as economic threats. Economists warn the backlash could reduce labor supply, disrupt…

3 months ago

Zimbabwe Wants Roads and Rail. China Wants Mineral-Backed Repayment. Who Owns the Upside?

Zimbabwe is exploring a deal that could use future mineral revenue to finance transport infrastructure. The opportunity is faster development.…

3 months ago

IMF Moves Financing as Middle East Disruption Threatens African Food Costs

The IMF is increasing support for four African countries as Middle East disruption threatens fertilizer supplies, farm costs, food prices,…

3 months ago

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