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The Pulse

Nedbank Completes 66 Percent Acquisition Of Kenya's NCBA Group As NCBA Becomes A Subsidiary

Nedbank Group issued 43.6 million new shares and paid KES 23.2 billion in cash to take 66% of Kenya's NCBA Group, which stays listed on the Nairobi exchange. The Black Executive Journal — Daily Edition

By BEB Editors • 12 min read

The Pulse

US Treasury Offers $125 Billion At November Refunding And Moves Seven-Year Note To Quarterly Issuance

The US Treasury will sell $125 billion of 3-, 10- and 30-year debt next week, raising $28 billion in new cash, and shift the 7-year note to quarterly issues. The Black Executive Journal — Daily Edition

By BEB Editors • 10 min read

Yesterday's Architects

Cesar Picton: The Coal Merchant Who Turned a £100 Legacy Into a Thames Wharf, Then Retired to Collect the Rent

Brought to England as a six-year-old "gift" in 1761, he spent twenty-seven years inside one of Britain's great coal-owning households, left with £100 and a customer list, and built a riverside fuel business he exited at 52 as a landlord and "gentleman."

By Noah Carmichael • 25 min read

The Pulse

South African Reserve Bank Delays Jibar Cessation To May 2027 Pending Legacy Contract Law

The South African Reserve Bank moved Jibar's cessation from 31 December 2026 to 31 May 2027, giving lawmakers five more months to fix tough legacy contracts. The Black Executive Journal — Daily Edition

By BEB Editors • 11 min read

BEJ Monthly Roundup

October 2026 Roundup: The Black Executive Journal’s Essential Reads, Market Signals and New Reports

From African credit ratings and Nigeria’s private-financing pipeline to digital infrastructure, a new print magazine and the expansion of BEJ’s intelligence platforms, October’s coverage connected the movement of capital with the institutions being built around it.

By Noah Carmichael • 17 min read

The Pulse

Stanbic IBTC Nigeria PMI Eases To 55.7 In October As Fuel Costs Lift Selling Prices

Stanbic IBTC Bank's Nigeria PMI slipped to 55.7 in October from 56.4, a ninth month of expansion, as higher fuel costs pushed purchase and selling prices up. The Black Executive Journal — Daily Edition

By BEB Editors • 11 min read