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African ownership

An offshore gas field discovered in 1973 is finally moving toward production. With a Nigerian company holding majority ownership and domestic banks arranging most of the financing, the deal raises a larger question: Who captures the wealth from Africa’s natural resources?

September 24, 2026

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

African officials and global investors negotiate over diamond ownership as mining, capital, control, and luxury retail shape the De Beers value chain.

July 17, 2026

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

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Beyoncé Funded Cécred Herself. Now the Real Test Is Global Distribution.
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Africa Doesn’t Own Most of the World’s AI. It Still Controls Something AI Companies Need: Access.
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Michael Jordan Gave Morehouse $1 Million. Now It Has a Media Production Center.
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Nigeria’s Ima Gas Field Sat Underground for 53 Years. A Nigerian Company Will Own 60% When It Finally Produces.
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Come for the culture. Stay for the economics behind it.
BlackEconomicDevelopment.com explains the money, ownership, labor, policy, technology, and power shifts behind Black culture, business, media, sports, entertainment and community wealth.

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