Africa

Kenyan President William Ruto Considers Crypto Mining to Power Energy Sector Growth

President William Ruto revealed ongoing discussions with companies such as Marathon Digital, signaling a possible transformation in Kenya's economic terrain.


Businessman Who Shot His Wife to Death Thinking She Was an Intruder Gets Only 12 Years in Prison

A South African businessman was sentenced to 12 years in prison for shooting his wife to death after he mistook her for an intruder in their home...

Tesla Slashes EV Prices in China, Germany and Other Countries in Europe as Sales Drop

Tesla has implemented price reductions in key markets such as China, Germany, and other European countries, following similar cuts in the United States...

Moderna Pauses Kenya Plant Plan After Losing $1 Billion as COVID-19 Vaccine Demand Slumps

Moderna announced on Thursday that it has decided to halt its plans to construct a vaccine manufacturing facility in Kenya due to a decrease in demand for COVID-19 vaccines after the pandemic...


Latest News

South Africa economy in danger with BMW investment embargo - analysts
Analysts predicted that the Bayerische Motoren Werke (BMW) AG's move to withdraw its expansion plans in South Africa could affect the country's economy.
Angola imposes consumption tax on oil firms
Angola would be imposing a 10% tax on oil firms operating in the country.
Sanlam unit in discussions with Nico Holdings over buyout offer - report
An African news outlet said in its report that Sanlam Emerging Markets (SEM) had started its negotiations with Nico Holdings over buying a 49% in its short-term insurance business unit Nico Life Insur
Congo government intends to increase free stake of new mining projects to 15%
The government of Congo had plans to implement changes to its equity agreements with mining firms, which includes increasing its free stake in all new mining projects from 5% to 15%.
South African government intends to obtain a 20% stake in each of new oil and gas projects
The government of South Africa had planned to obtain a 20% free stake in each of new oil development projects.
Libyan Prime Minister kidnapped by Revolutionary Group
Libyan Prime Minister Ali Zaidan had been kidnapped by a revolutionary group from Tripoli and was taken at dawn into an unknown destination, said a Bloomberg report.
South Africa's largest telecoms firms may undertake cutbacks if no compromise reached with regulators
MTN and Vodacom may be forced to cut back its business should no compromise be met on mobile termination rates.
Abraaj Group invests in the African Industrial Services Group
Abraaj Group would put an undetermined amount in AIS Group.
South African mobile operators share values and rates cut by regulator edict
Vodacom Group, MTN Group and Telkom would have their respective fortunes change because of the latest regulatory guidelines issued in South Africa.
Algerian stake sale boosts Petroceltic International
Sonatrach's purchase of Petroceltic International's Algerian assets increased the value of the latter's stock.
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