May 01, 2024 Last Updated 17:00 PM EDT

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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...

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...

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 emplo...

Latest News

FT report says optimistic outlook in store for African private equity industry in 2014
The African private equity industry in Africa may be young and subject to various shortcomings but political stability, infrastructure growth and increasing consumer activity has given it a more posit
Hedge funds seen to snatch risky opportunities US and foreign banks now avoid
While US and foreign banks do away with risky investments like municipal bonds, hedge funds had taken advantage with the loss of a competitor and increased their positions in such assets, a Barron's r
Africa's richest man to invest $9 billion on Nigerian oil refinery
Aliko Dangote, Africa's richest man with about $22 billion net worth, is set to spend $9 billion to build the largest privately-owned oil refinery in Nigeria.
South Africa's Foord increases Adcock stake to 15%
Cape Town, South Africa-based investment firm Foord Asset Management has lifted its stake in Johannesburg-based drug maker Adcock Ingram to 15%, according to a regulatory filing on Friday.
Total sells 15% stake in Congo oil exploration and production unit to Qatar Petroleum International
Petroleum firm Total SA has put up for sale a 15% stake in its Congo oil exploration and production unit Total E&P Congo. The said holding was sold to Qatar Petroleum International for $1.6 billion.
What do emerging markets think of the Bitcoin?
A survey from Jana, a mobile platform that connects brands with consumers in the emerging markets, revealed that a good number of respondents from Asian countries know about the Bitcoin.
Super-incubator Rocket Internet to channel $410M into Middle East e-commerce
Germany-based incubator program Rocket Internet is planning to team up with telecom provider MTN Group to form Middle East Internet Holding (MEIH), which will invest $410 million to develop e-commerce
Spain's Banco Sabadell to open more branches in Angola to target country's millionaires
Banco Sabadell, a Spain-based bank, plans to add 25 more branches to its existing 42 branches in Angola to target the growing millionaires in the country.
Bob Diamond makes a comeback as Atlas Mara raises $325 million in London IPO- report
Bob Diamond, the former CEO of Barclays, has made a dramatic comeback in the banking sector after the investment vehicle he formed with Ashish Thakkar called Atlas Mara raised $325 million for its Lon
Top deals of the day - bid, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday including ITC Holdings, Dave & Buster, Time Warner Cable, Banca Etruria, Cube Capital, Cargolux, Simon Property and Vers

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Australian Teen Becomes Instant Millionaire After Reeling in Prize Fish

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Tyson To Close Four Plants As Chicken Sales Weaken

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Jewelry Maker Cartier Agrees to Let Mexican Man Keep $13,000 Worth of EarringsOnly Bought for $13 After Website Mistake

Jewelry Maker Cartier Agrees to Let Mexican Man Keep $13,000 Worth of Earrings Only Bought for $13 After Website Mistake
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