Dangote Refinery has set a minimum subscription threshold for its planned $1.6 billion initial public offering, according to Premium Times Nigeria. Aliko Dangote, Africa's richest man and owner of the 700,000 barrel-per-day plant, led the sign-off ceremony in Lagos on Monday. The IPO marks a major step toward listing the refinery, one of the largest single-train refining facilities in the world, on the public market.

Morocco is investing $500 million to build the Grand Stade Hassan II in El Mansouria, about 40 kilometres outside Casablanca, which is set to be the world's biggest stadium, according to Business Times. The project is intended to make a statement and strengthen Morocco's position as it eyes hosting the 2030 FIFA World Cup final. Construction of the mega-venue reflects the country's broader ambitions to showcase its infrastructure and sporting credentials on the global stage ahead of the tournament.

Ugandan singer Lydia Jazmine held her long-awaited 'The One and Only' concert at Lugogo Cricket Oval in Kampala on Friday, drawing a large crowd. According to BigEye, the event featured glamorous entrances, a fireworks display, and an unexpected technical glitch during the performance. Despite the hiccup, the outlet described the night as having all the ingredients of a memorable concert, with fans turning out in force to support the artist's headline show.

Dating app Grindr has agreed to pay £26 million to settle a long-running legal claim alleging it breached UK privacy laws by sharing users' data, including HIV status, with third parties, according to BBC World. The settlement resolves allegations that the company improperly passed sensitive personal information to outside entities. The case has been one of the most prominent privacy actions brought against a major dating platform in the United Kingdom.

Authorities in the Chinese city of Wuhan have fined a theater and a company hosting a performance by Guo Degang, one of the country's best-known comedians, after an audience member reported him for altering the lyrics of a patriotic song. The city's Culture and Tourism Bureau said Monday that Guo had "distorted" the song and caused a "negative impact" on society, according to the Associated Press. The penalties targeted the venue and the promoter rather than the performer himself.

Uganda's Capital Markets Authority on Tuesday launched its year-long 30th anniversary programme at a press conference held at the Uganda Media Centre. Finance Minister Henry Musasizi attended the event and called on the regulator to take on a bigger role in driving the country's economic growth, according to Business Times. The celebrations will run throughout the year as the authority marks three decades of overseeing Uganda's capital markets.