The Inside Story

The Inside Report: Moody’s Surrenders Its South African License as Global Ratings Pull Back from Africa

Moody's has surrendered its South African credit rating license after 32 years, leaving GCR — the pan-African agency Moody's itself fully owns — to fill the domestic gap as global ratings retreat from Africa.

The Inside Story: Nigeria’s Palm Oil Duopoly Posts Record Quarter as a Belgian Empire Quietly Becomes Nigerian

Presco's profit jumped 57.4% to N178 billion and Okomu Oil grew Q1 to N34 billion, lifting the combined market cap of Nigeria's protected palm oil duopoly past $2.7 billion — and one of the two has just become Nigerian-controlled after 33 years of Belgian rule.