Koos Bekker becomes billionaire with China media
Koos Bekker became a billionaire earlier this year after he transformed Naspers Ltd. from an old-print business into the largest media firm.
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
Ethos Private Equity Company Planning to Sell Alexander Forbes Stake
One of the largest South African buyout firms, Ethos Private Ltd, is planning to sell its stakes to Alexander Forbes, Africa's largest retirement-fund administrator.
Anglo Platinum cuts on expenditures, may lay off workers
Anglo American Platinum Limited reveals cost-effective plans.
Sasol Ltd sells Iranian investment to Main Street
South African firm Sasol Ltd sold its stake in Arya Sasol Polymer Co to Main Street 1095.
China's ZTE wins USD800 million mobile network deal with Ethiopia
Ethiopia signed an USD800 million contract with ZTE for the expansion of the country's mobile phone infrastructure.
China's CNPC oil operations in Chad suspended
Chad indefinitely suspended China's CNPC oil operations in the country.
Airport fire causes Kenya Airways to lose USD 4 million in revenues
Titus Naikuni, CEO of Kenya Airways, announced that the fire at JKIA had already cost his company USD 4 million in revenues.
Kenyan government constructs new 2.5 million-capacity airport terminal
Kenyan President Uhuru Kenyatta revealed that his government will be constructing a temporary terminal that will hold 2.5 million passengers.
Actis announces acquisition of Paycorp from Transaction Capital
Private equity firm Actis announced its acquisition of Paycorp, a South-African payments business for USD 95 million.
Peaceful elections, economic stability lead to better performance for Barclays Bank of Kenya
Barclays Bank of Kenya revealed that it is expecting better performance in the second half of this year.
