Gold Hits Record High as Weaker Dollar and Ongoing Trade War Worries Fuel Demand
Gold prices surged to an all time high on Monday as investors sought refuge from increasing economic uncertainty fueled by a weaker dollar and persistent...
Category : BUSINESS
Mauritius Freeport Operators Association Advocates for Regulatory Reforms to Boost Investment
The Mauritius Freeport Operators Association (MFOA) has urged the government to ease stringent regulations governing freeport activities to attract more foreign and domestic investors. The...
PwC Withdraws from Nine African Countries Amid Global Audit Scandals and Strategic Restructuring
PricewaterhouseCoopers (PwC), one of the world’s leading accounting firms, has announced its withdrawal from nine African countries as part of a strategic overhaul aimed at...
Gold Shoots Past $3,200 Amidst Dollar Slide
In a remarkable turn of events, gold prices surged to an all-time high of $3,210 per ounce on Friday, April 11, 2025, as the U.S....
Egypt and France Sign $7.7 Billion Deal to Develop Green Hydrogen Plant
In a significant step towards advancing renewable energy initiatives, Egypt and France have signed a landmark agreement worth €7 billion ($7.68 billion) to jointly develop,...
Nafcoc Calls for Urgent Economic Transformation to Empower Black-Owned Businesses
In a powerful call to action, the National African Federated Chamber of Commerce and Industry (Nafcoc) has urged the government and private sector to...
MSMEs: The Backbone of Kenya’s Economic Growth
Micro, Small, and Medium Enterprises (MSMEs) have long been the unsung heroes of Kenya’s economy, contributing significantly to employment, innovation, and economic growth. Despite facing...
ONGC Videsh Approves Rs 1,500 Crore Investment for Mozambique Joint Venture, Anticipates Progress in LNG Projects
ONGC Videsh, the overseas arm of India’s state-owned oil and gas major ONGC, has cleared an investment of Rs 1,500 crore in its Mozambique joint...
Korean Air Strengthens Fleet with $25 Billion Boeing Deal for 777X and 787-10
In a landmark agreement, Korean Air has solidified a massive $25 billion deal with Boeing, securing the purchase of new-generation 777X and 787-10 aircraft. This...
China’s CCECC to Invest $1.4 Billion in Africa’s Tazara Railway Line for 30-Year Concession
In a strategic move to strengthen economic ties between China and Africa, the China Civil Engineering Construction Corporation (CCECC) has announced a groundbreaking investment of...
How AI is Breaking Language Barriers in Africa: A Revolution in Communication and Commerce
In recent years, the rise of Artificial Intelligence (AI) has become a transformative force in various sectors across Africa, but one of its most significant...
Standard Bank targets 10% East Africa retail share as corporate growth stalls
East Africa’s retail banking market has seen impressive growth in recent years, driven by rising incomes, urbanization, and an increasing number of individuals entering the...
Women in Business: Jane Karuku Leading the Charge at East African Breweries
Jane Karuku, the Managing Director of East African Breweries Limited (EABL), is a trailblazer in the corporate world, reshaping the landscape of business leadership in...
Kenya Airways Announces Plan to Repay $150 Million to Treasury by Mid-2025 Amid Ongoing Debt Restructuring Efforts
Kenya Airways, the national carrier of Kenya, has unveiled plans to repay a $150 million debt to the Kenyan Treasury by mid-2025. The repayment is...
Delta Air Lines Stocks Tumble Amid Cut in Profit Forecast: Airline Faces Financial Setback Due to Rising Costs and Weakening Travel Demand
Delta Air Lines (DAL) saw its stock price take a significant hit on Monday after the airline slashed its profit forecast for the upcoming quarter....
Microsoft to Invest $300 Million in South Africa’s AI Infrastructure, Boosting Tech Development and Innovation
In a groundbreaking move that promises to transform South Africa’s technological landscape, Microsoft has announced a major investment of $300 million aimed at enhancing the...
GlobalX: Strategic Shifts and Robust Demand Propel Growth in 2024
As 2024 unfolds, GlobalX, a prominent player in the global logistics and transportation sector, is positioning itself for a year of transformative growth. With a...
Bytes Technology Group Paves the Way for South African Investors to Access Global Tech Markets
In a rapidly changing global economy, the demand for tech investments has never been higher. South African investors are increasingly seeking opportunities to diversify their...
Mauritania Expands Aviation Portfolio with Registration of Gulfstream GIV-SP
Mauritania has further cemented its growing presence in the aviation industry with the registration of a Gulfstream GIV-SP, marking a significant milestone for the country’s...
Tech Sector Urged to Hand African Women the Reins of Power to Drive Innovation and Inclusivity
In recent years, the call for diversity and inclusion has become a central theme in global business, especially in industries such as technology. As the...