Jindal Talks for Liberia Iron Ore
Jindal Steel is in negotiations to acquire an iron ore mine in Liberia as the country seeks for more foreign investors to boost its 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
Steinmetz Says Envy on Vale Deal Started Legal Woes
Steinmetz, through an interview, says the Vale deal is the cause of the issues faced in Guinean legal dispute.
Egypt's OCI boosts market value
Egypt's OCI increased in value as the country's finance authority approves of tender.
Ex-director of Bumi Returns Assets
Former director of Bumi Rosan Roeslani will be paying the company $201 million.
Senegal to issue Eurobond
Senegal to issue Eurobond, one of the very first ones from Africa.
Sinopec Acquires Marathon’s Angola Oil Fields
Sinopec Group of China agreed to buy Marathon Oil Corp's Angola offshore oil and gas field called Block 31 in a US$1.52 billion deal.
CORRECTED: Mauritius Commercial Bank to raise US$161 million
Mauritius Commercial Bank is aiming to raise 5 billion rupees.
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Thursday.
Nigeria set for new Eurobond issue
Nigeria prepares for a new Eurobond issue worth another US$1 billion.
Denham Capital invests on Endeavor Energy
Private equity firm Denham Capital gave $100 million to Endeavor Energy as capital to fund the expansion of the company in Afria.
