NSE IPO Watch: India’s National Stock Exchange has filed draft papers with SEBI for a roughly Rs 30,000-crore IPO, structured as a pure offer-for-sale where existing shareholders sell about 6%—setting up a potential US$2.6 billion windfall for backers including SBI, LIC (not selling), and offshore vehicles such as MS Strategic (Mauritius). Legal & Market Risks: The DRHP also flags ongoing litigation, including a long-running colocation case and a separate dispute over 5,000 NSE shares allegedly credited in error to a demat account, with civil and criminal proceedings underway. Mauritius Link in Finance: Mauritius-linked investors appear among key NSE sellers, underlining how the island’s offshore ecosystem continues to connect to major regional capital-market moves. Renewables Financing: AXIAN Energy secured a US$60 million package from Mauritius Commercial Bank to expand renewable projects across Africa, with a $40m revolving credit line plus $20m in non-funded instruments. Digital Payments Inspiration: South Africa is looking at adopting India’s UPI model after a cross-border UPI push with Nepal, as regulators weigh low-cost, accessible cashless options. Africa Aid Pressure: A new analysis warns official development assistance is shrinking fast while debt servicing drains budgets—raising the stakes for financial discipline across African economies.