Abraaj Group backs African Industrial Services Group
The Abraaj Group made its first investment in Cote d'Ivoire to back African Industrial Services Group.
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
ZCCM Investment Holdings to pay off debt, invest through share sale proceeds
ZCCM Holdings said it would be offering stock for sale to existing stakeholders to help pay off debt and fund new investments.
Essar Energy divests shareholdings in Kenya Petroleum Refineries
Under the joint venture agreement, Essar Energy can exercise a USD5 million option to sell its shareholdings in the joint venture project with the Kenyan government.
Nigerian President gives control of power firms to private companies
Nigerian President Goodluck Jonathan handed control of 14 power companies formerly owned by the state to private investors.
Blackstar says it will fight Shoprite Holdings trade reversal
The Blackstar Group said it would be fighting the court proceedings initiated by Shoprite Holdings to reverse its stock trades in Zambia.
Violence escalates in Mali as soldiers and rebels exchange fire
Government soldiers in Mali and separatist rebels exchanged gunfire in the northern town of Kidal on Sunday, escalating violence in the African nation.
Solarcentury forms South African alternative energy venture with local partner
British solar solutions provider Solarcentury announced that it had formed a new venture in solar energy with South African local partner Momentous Energy.
PepsiCo has new AMEA CEO Sanjeev Chadha
Consumer goods conglomerate PepsiCo appoints new AMEA CEO in Sanjeev Chadha.
Popularity of mobile money rises- report
According to a Forbes report, the use of mobile phones as mobile money platforms has grown.
1K1V presents new private equity team and Johannesburg office
One Thousand & One Voices, a private equity movement, announced the opening of its first office in Johannesberg, South Africa and its new private equity team.
