British University in Egypt (BUE) Partners with AfricInvest for $40 Million Expansion Plan
The British University in Egypt (BUE), a leading private British institution, has entered into a strategic collaboration with AfricInvest, a…
Category: Business
Globeducate Joins International Education Group (IEG) as Shareholder After Regulatory Approval in Morocco
Globeducate, a leading K12 education group, has acquired a stake in International Education Group (IEG) following regulatory clearance in Morocco,…
UK Sees Steepest Annual House Price Drop in 14 Years
UK house prices have experienced their most significant annual decline in 14 years, with August seeing a 4.6% drop, the…
UK Property Survey Shows Falling Sales and Frenetic Rental Market
The UK property market is experiencing a dip in house sales due to high mortgage rates deterring potential buyers. In…
Strike Disrupts Chevron’s Australian LNG Projects, Threatening Global Supply
Employees at Chevron’s liquefied natural gas (LNG) ventures in Australia initiated a strike on Friday as negotiations failed, potentially disrupting…
President Tinubu Encourages Nigerians in India to Leverage Diversity for Prosperity
During the India G-20 Summit, President Tinubu addressed Nigerians in India, emphasizing that Nigeria’s future is dynamic and abundant in…
Dollar Holds Near Six-Month Highs Amid Inflation Concerns and Fed Hawkishness
The dollar has stabilized near six-month highs, as ongoing signs of inflation in the United States continue to fuel concerns…
Airbus Enhances Production Capabilities for A321XLR in Hamburg
Airbus has inaugurated a new automated A321XLR aircraft equipment installation hangar in Hamburg, a move aimed at modernizing and digitizing…
Shell Opted for Shorter Prelude LNG Maintenance Over Year-Long Fix – Sources
Shell considered shutting down its Prelude liquefied natural gas (LNG) facility in Australia for a year to address persistent operational…
China’s Economic Woes Pose Risk to Japan’s Fragile Recovery
Policymakers in Tokyo are concerned that China’s ongoing economic challenges could negatively impact Japan’s tenuous recovery. This risk is particularly…
U.N. Chief Warns of “Great Fracture” in Global Economic Systems
U.N. Secretary-General António Guterres has cautioned about the risk of a “great fracture” in the world’s economic and financial systems.…
500 Global Closes $143M for Largest Southeast Asia Early-Stage Fund
500 Global, a venture firm and seed accelerator, has successfully closed a $143 million financing round for its biggest Southeast…
G20 to Grant Permanent Membership to African Union
The G20, a grouping of major world economies, has reportedly agreed to grant permanent membership to the African Union, according…
IT Software Management Startup Josys Raises $93 Million in Series B Round
1. Funding for IT Software Automation: Josys, a startup specializing in software-as-a-service (SaaS) solutions for automating corporate IT software application…
Wayflyer Secures $1 Billion Capital Injection from Neuberger Berman
E-commerce financing provider Wayflyer has successfully secured $1 billion in capital from investment management firm Neuberger Berman. This funding is…
IMF Recommends South Korea Maintain Restrictive Policies to Tackle Inflation and Strengthen Finances
The International Monetary Fund (IMF) has advised South Korea to retain its current restrictive monetary and fiscal policies to address…
Hero MotoCorp to Invest Up to $66.5M in Electric Vehicle Startup Ather Energy
Hero MotoCorp, the world’s top two-wheeler maker, plans to invest up to $66.5 million in Ather Energy, an Indian electric…
Universal Music Group to Acquire Chabaka in MENA Expansion
Universal Music Group (UMG) is set to acquire Chabaka, a UAE-based music company that offers digital distribution, marketing, publishing, and…
South African E-commerce Subscription Platform Rentoza Secures $6 Million Investment
Rentoza, a South African online subscription platform, has successfully secured $6 million in funding from two prominent investors, leading a…
A.P. Moller Capital Completes Acquisition of Vector Logistics
A.P. Moller Capital and RCL FOODS have successfully closed the acquisition deal of Vector Logistics. Vector Logistics is a leading…
Safaricom Disburses Dividend to Shareholders
Safaricom, a leading telecommunications company in Kenya, has commenced the distribution of a final dividend of KSh 24.84 billion to…
AFEX and Ghana Commodities Exchange Join Forces to Boost Commodity Trading Ecosystem in Nigeria and Ghana
Nigeria’s commodities exchange, AFEX, and Ghana Commodities Exchange (GCX) have embarked on a transformative partnership by signing a Memorandum of…
Economic Challenges Pose Strain on Nigerian Banks’ Operating Expenses, Warns Agusto&Co
As inflation and economic pressures continue to rise, Nigeria’s deposit money banks (DMBs) are cautioned to brace for stretched operating…
Google’s Former Director for West Africa, Juliet Ehimuan, Joins Zenith Bank’s Board of Directors
Juliet Ehimuan, a distinguished figure in the technology industry and former Director of Google West Africa, has been appointed as…
Twiga Foods CEO Transfers Land from President’s Scheme to Private Company
Twiga Foods CEO, Peter Njonjo, transferred 20,000 acres of land allocated to him by the administration of President William Ruto…
KPMG Nigeria Adjusts Economic Forecast to 2.65%
KPMG Nigeria Adjusts Economic Forecast to 2.65%, Citing Factors Such as Oil Production Contraction and Reforms Impact. KPMG Nigeria has…
BP CEO Discusses $3.5 Billion Investment Plan in Egypt with President and Minister
Bernard Looney, the CEO of BP, engaged in discussions today with Egypt’s President Abdel Fattah al-Sisi and Minister of Petroleum…
Foreign Investment in Nigerian Stocks Hits Lowest Level Since Reform-Driven Rally; Currency Concerns Loom Large
Foreign investment in Nigerian stocks has dropped to its lowest point since President Bola Tinubu’s reforms initiated a significant market…
Surge in BUA Foods and Dangote Sugar Stocks Sparks Market Rally, Adding N324 Billion to Market Capitalization
The Nigerian stock market kicked off the week on a positive note as renewed investor interest in key stocks like…
Marble Capital Introduces Marble Halal Fixed Income Fund for Risk-Averse Investors
Marble Capital Limited, a prominent ethical and Islamic Fund Manager in the Nigerian financial market, has launched the Marble Halal…