African Finance Corporation invests $250 million in power sector
The African Finance Corporation handed $250 million worth of power-systems investment as part of Power Africa.
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
Deals of the Day
The following bids, mergers, acquisitions and disposals were reported on Wednesday.
Egypt's Stocks Rise Despite of Political Turmoil
Egypt's stocks rose on Monday while headlines are abuzz about its president and the military.
3CNET and Edgewater Wireless Offers WIFI In Nigeria
A partnership between 3CNET and Edgewater Wireless woudl offer WIFI in Nigeria.
Vestas gains 93-megawatt South African wind turbine order
Vestas Wind System earned its second in the month wind turbine order from South Africa.
Chilean drugmaker CFR bids for Adcock for US$1.3 billion
Adcock Ingram Holdings Ltd. received a non-binding proposal from Chilean drug manufacturer CFR Pharmaceuticals SA for US$1.3 billion.
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Monday
Rainbow Chicken Increases Shares in Foodcorp
Rainbow Chicken increases its shareholdings in Foodcorp to 88.1% through an additional purchase of 23.9% share.
Syndicated loan volume flat in three regions
Europe, Middle East, and Africa all experienced a generally flat syndicated lending volume.
Western Cape defies South Africa's falling trend
Western Cape said that it attracted R4.4 billion worth of foreign investments.
