Warburg Pincus to invest in African oil exploration company
Warburg Pincus is set to form an investment fund for Delonex Energy and its plans for oil exploration in 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
Tunisia to boost local banks with IMF money
Tunisia received loan facility from IMF to boost capitalization of local banks.
Grupo BTG Buys Petrobras African Interests
Grupo BTG purchases Petrobras oil interests in Africa.
Fullscreen completes Series A funding
Fullscreen announced its successful Series A funding.
Emerging markets investments very risky - Investors
Investors said that emerging market assets are prone to inflation, making them a very risky place to invest in.
East African bloc struggles to attract foreign investments
East African bloc struggled to draw investment from foreign units.
Petrobras sells African interests to Banco BTG
Petrobras is selling off half of its African operations of Petroleo Brasiliero SA.
No plans for sovereign market return - Rwanda
The country of Rwanda has no plans to go back into the sovereign debt market after its successful debut last April.
Ooredoo withdraws from Maroc Telecom bidding race
Ooredoo withdraws from the race for Maroc Telecom citing valuation issues as well as frustration with the bidding process.
Tunisia obtains loans from banks and multilateral agencies
Tunisia finalizes loan package from Islamic Development Bank and the International Monetary Fund.
