Source: UAE grants Egypt US$3 billion, Saudi aid anticipated
United Arab Emirates would grant Egypt US$3 billion to help the country recover from its devastated economy.
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
Access Kenya Takes Over Dimension Data Holdings
Access Kenya's take over offer document for Dimension Data Holdings has been approved by Kenyan regulator.
Mobius Looking at Africa for Private Equity Opportunities
Mark Mobius of Templeton Emerging Markets Group considered investing in Africa.
We need $300B to power Africa - IEA
In a conference held today, the IEA said that they need US$300 billion to finance the Power Africa project.
UK is Africa's number one M&A investor
In a recent study, the United Kingdom leads the merger and acquisitions investments in Africa.
Aptech Limited to Pursue Growth in Career Education
Aptech Limited revealed plans to expand through its career education system.
US' richest universities venture in Africa
The United States' wealthiest universities are eyeing Africa as their latest investment nest.
Nairobi Securities Exchange Offers Exchange-Traded Funds
Nairobi Securities Exchange offered exchange-traded funds for individual investors.
Chilean Pharmaceutical Company Plans to Expand Big in South Africa
CFR Pharmaceuticals has embarked on a South African road show starting June 08.
Africa, a profitable place for academic endowments
A study has found that Academic endowments to Africa outperformed the US S&P 500 in the past decade.
