Deals of the day -- bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by on Wednesday.
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...
Latest News
The hidden ties of Cuba and North Korea
North Korea and Cuba's ties will slowly be explained in light of the war weapon confiscation in Panama, analysts predicted.
PetroSA considers purchasing Petronas’ stake in Engen
PetroSA was said to be considering the possibility of buying Petronas' controlling stake in Engen.
Cipla acquires Cipla Medpro South Africa
Cipla acquired Cipla Medpro South Africa.
Cell C gets US $350 million equity, US $222 million loans
The South African mobile operator gets more than US $570 million in equity and loans.
Zambia to invest US$410 million in oil refinery to lower fuel costs
Zambia would invest US$410 million to build an oil refinery that could lower the fuel costs.
Dead tourism may be revived - Egyptians
Days after the ousting of President Muhammad Mursi, local entrepreneurs said that the dead tourism industry may still be revived.
Egypt gains Saudi Arabia, Kuwait, UAE support
Three countries pledged support for Egypt's dying economy.
Egypt coup divides nation, sinks economy
The Egyptian coup d'etat will do nothing to help the country's ailing economy, analysts said.
Reatile Group acquires Egoli Gas
The South African investment company bought 75% of Egoli Gas through a deal completed in April.
