Africa

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...

Former CEO Shoots Himself to Commit Suicide After Receiving $25 Million Record-Breaking Fine for Fraud at Steinhoff

After being notified of an arrest warrant against him, a former CEO of Steinhoff was found dead in what authorities suspect to be a suicide...

South Africa's Return To Office Gets Middle Finger From Employees Office-Based Work Policies Increase in 2024

South Africa's return-to-office efforts get a middle finger from employees. Office-based policies are now increasing...


Latest News

U.S. buyout firm Carlyle enters South Africa with tyre deal
Carlyle Group (CG.O) has agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday, the U.S. buyout firm's first deal in Africa's most developed eco
Egypt expects new African trade bloc in December: minister
Three African economic blocs will merge into a new 27-nation free-trade zone under an agreement to be signed in Cairo next month, uniting markets worth 58 percent of the continent's economic activity,
Battered by falling prices, Kenya's tea farmers threaten to uproot
Emerald-colored tea bushes blanketing the rolling hills of Nandi County have long provided a livelihood for small-scale farmers, helping make Kenya one of the world's biggest tea exporters.
Samsung Electronics sees squeeze in African growth as economy slows
Samsung Electronics expects high single-digit revenue growth in 2014, compared with the 50 to 60 percent annual expansion of the last few years, as the global economic malaise trickles down to the con
Strikes cast shadow over Ford's South African investment prospects
U.S. carmaker Ford is hesitant about investing further in its South African operation because of repeated production stoppages caused by strikes, its regional chief said on Thursday.
Kenya's Safaricom, Moneygram sign money transfer deal
Kenya's Safaricom (SCOM.NR) and U.S. company MoneyGram International (MGI.O) have agreed a deal for money to be sent from abroad to Kenya through their money transfer services, targeting more than $1
Viettel to invest $1 billion on 3G telecoms network in Tanzania: officials
Vietnam-based telecoms operator Viettel plans to invest $1 billion in a new third-generation (3G) mobile phone network in Tanzania, the office of the east African country's president said on Tuesday.
Somalia says reviewing oil deals U.N. says lack transparency
Somalia said it was reviewing several oil and gas deals that U.N. investigators say lack transparency and risk hindering development of the country's energy industry.
Tanzania talks with Total, BP on hydrocarbon exploration
Tanzania has held talks with France's Total (TOTF.PA) and Britain's BP (BP.L) over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thrivin
Egypt signs with six international firms to dredge new Suez Canal
Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's program to revive an economy batte
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