Real Time Financial News Website
Microsoft co-founder Bill Gates and Melinda French Gates have gotten divorced after 27 years of marriage. A Monday filing with the King County Superior Court in Washington made the move…
U.S. Treasury yields climbed on Tuesday morning, with the 10-year rate rising to top 1.19%, despite concerns about a slowdown in growth. The yield on the benchmark 10-year Treasury note…
European consumers are proving more reluctant to spend money this summer, and it could hurt the economic recovery following the shock from Covid-19, experts told CNBC. The behavior marks a…
Foreign Secretary Dominic Raab today welcomed Kenyan President Uhuru Kenyatta to Mansion House in London to announce £132 million of new UK investment in Kenya. He also launched the Nairobi…
Kasada Capital Management (Kasada), the investment platform within Kasada Group dedicated to hospitality investments in Sub-Saharan Africa, today announced that IFC will form a partnership with Kasada Hospitality Fund LP…
27four Black Business Growth Fund II Partnership (27four BBGF II), a blended finance partnership between the South African Government through the Jobs Fund, and South African institutional investors, has announced…
IMPERIAL Holdings has reached an agreement to buy 100 percent of the J&J Group for an enterprise value of $300 million (about R4.4 billion) as it furthers its “Gateway to…
Yoco, a South African based fintech that helps small businesses, has closed an $83 million Series C round taking the total investments in the firm to $107 million. The company’s…
AgDevCo, a specialist investor in African agriculture, has struck its second new deal this month by backing a Mozambique agribusiness. The UK-based social impact investor has closed a $3 million…
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) (www.PIDG.org) company, is lending €25 million over 18 years to Ivoire Hydro Energy (IHE) which will build a…
Helios Investment Partners has struck its second equity deal this year by inking an agreement to acquire a majority stake in the largest medtech company in Morocco. The PE firm…
Airtel Africa Plc has announced that it has secured a $200m investment for its mobile money arm from Qatar Holding LLC. This is coming three months after Mastercard invested $100m…
Former President Barack Obama has become a strategic partner and minority owner in the National Basketball Association’s Africa business, which oversees the Basketball Africa League. The NBA launched its Africa…
Deliveries of what is essentially a hybrid electric car from U.S.-listed Li Auto surpassed those of rival start-up Xpeng for a second straight month in July. Li Auto said Sunday…
World Health Organization officials said they are still trying to understand why the delta variant is more transmissible and potentially makes people sicker than the original coronavirus strain. “We’re really…
The Treasury Department announced Thursday that it will expand tax credits to employers who give workers paid time off to get Covid-19 vaccines, to include time for workers to take…
Microsoft is in advanced talks to invest in Indian budget hotel chain Oyo, a source familiar with the matter confirmed to CNBC. The size of the deal is not known,…
A fire occurred within a Tesla Megapack at one of the largest batteries in the world in Australia’s Victoria state around 10:15 a.m. local time on Friday, CNBC has confirmed.…
Investors bought into Chinese stocks in the last week, despite mounting concerns about harsh regulation, according to fund research firm EPFR Global. A slew of new Chinese regulation in the…
Oil prices slipped but remained near $75 per barrel on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell last week to their lowest since…
Canadian pipeline operator TC Energy Corp (TRP.TO) could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of U.S.…
Samsung Electronics Co Ltd (005930.KS) on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign…
Australia’s biggest city Sydney posted a record one-day rise in local COVID-19 cases on Thursday and warned the outbreak would get worse, as authorities sought military help to enforce a…
The naira has dropped to N522 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) discontinued the sale of foreign exchange (FX) to Bureaux De…
The Asset Management Company of Nigeria, AMCON, has effectively taken over National Insurance Corporation of Nigeria, NICON Insurance was privatised in 2005 with the core investor having 70 per cent…
The boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to become a regulated financial institution. Speaking at a virtual press…
Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, reinforcing expectations that demand will outstrip supply growth even…
The Biden administration announced on Tuesday that it will speed up asylum claim processing for migrants at the U.S.-Mexico border while also streamlining deportations for those who don’t qualify for…
Two people were killed and several others injured following a leak of acetic acid at a LyondellBasell (LYB.N) chemical plant in La Porte, Texas, on Tuesday night, the company said.…
A bipartisan group of senators and the White House are debating extending a program started early in the COVID-19 pandemic to help lower-income Americans get broadband access by tucking it…