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

Carlyle invests in sub-Saharan African region valued USD698
US-listed fund manager Carlyle has invested USD698 million to the sub-Saharan Africa region aiming to focus in the consumer, transport, ICT and financial sectors and adding to J&J Africa, its current
BCX eyes acquisitions and investment opportunities in Africa
Midrand, South Africa-based innovative business solutions integrator Business Connexion (BCX) is eyeing additional acquisitions in Ghana and investment opportunities in the Kenya and Nigeria to widen
Abraaj picks up stake in Moroccan chocolate maker Kool Food
Dubai, United Arab Emirates (UAE)-based firm Abraaj Group picked up a stake in Casablanca, Morocco-based chocolate manufacturer Kool Food for an undisclosed amount to back the latter's international d
Didier Drogba partners with French clothing brand HOM for underwear line to be launched in May
International soccer star Didier Drogba has partnered with HOM to launch his clothing brand in May, a French clothing brand for men, reported Ventures Africa.
TPG Growth to invest $100M in joint venture with Smile Group to help businesses expand to India and Africa
New York, US-based investment firm TPG Growth committed $100 million in a joint venture with Gurgaon, India-based emerging business market builder Smile Group to help Internet and e-commerce firms exp
Sources: Kenya's Britam to acquire 30 percent stake in Continetal Re Kenya Ltd
Kenya's Britam would acquire 30 percent stake in Continetal Re Kenya Ltd in a deal valued USD3.5 million, reported Ventures Africa.
Asian Paints picks up 51pct stake in Ethiopian paint maker Kadisco
Mumbai, India-based decorative and industrial paint manufacturer Asian Paints (International) Ltd picked up a 51% stake in Ethiopia-based paint maker Kadisco Chemical Industry PLC for an undisclosed a
Growthpoint Properties Ltd.engages in share-swap deal, acquires holdings in two real estate firms
Growthpoint Properties Ltd. has agreed to acquire stake in two real estate firms in South Africa following a share-swap deal, reported Bloomberg.
Times Media Group acquires Radio Africa Limited in a deal valued USD18.62 million
South African company Times Media Group has acquired a majority stake in Radio Africa Limited valued USD18.62 million, reported Ventures Africa.
African startup accelerator 88mph to expand to Nigeria
Cape Town, South Africa-based startup accelerator 88mph is expanding to Lagos, Nigeria to begin a new venture with seed funding specialist L5Lab to fund startup programs.
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