Chinese Developer Vanke Seeks Adjustments on Two Bank Loan Agreements
China Vanke Co. is seeking lenders’ approval to change terms on two offshore loans, people familiar with the matter said, after its finances worsened amid...
Category : BUSINESS
Safaricom Ethiopia Pushes Lawmakers for Equal Market Access in Telecom Sector
The executives of Safaricom Telecommunications Ethiopia Plc have called for government support in ensuring equal access to open platforms, criticizing incongruent tariffs on phone services...
Gaza War Boycott Forces Starbucks Closures in Malaysia
Starbucks’ Malaysian branch has faced substantial sales declines amid ongoing boycotts by pro-Palestine supporters in the country, according to Malaysia’s largest bank. Maybank has warned that...
Nigeria Markets New Crude Oil Grade to European Buyers
Nigeria’s national oil and gas company is seeking offtakers as it works to double production capacity for the new Utapate crude oil to 80,000 bpd...
Record Bitcoin Run Sees US ETF Assets Surge to Over $100 Billion
US exchange-traded funds investing directly in Bitcoin surpassed $100 billion in total assets as the original cryptocurrency extended a record-breaking rally. The group of 12...
Gautam Adani: Biography, Businesses, Political Ties, Controversies, and Net Worth
Gautam Adani, born on June 24, 1962, in Ahmedabad, Gujarat, India, is a prominent Indian industrialist and the founder of the Adani Group, a conglomerate...
The Hidden Cost of Digital Transformation: How Efficiency Can Undermine Customer Experience
Digital transformation is revolutionizing industries across the globe. By adopting advanced technologies, businesses are automating processes, streamlining operations, and reducing costs. However, in the...
Australian Mining Company Agrees to Pay Mali Junta $160M Following CEO, Employees’ Detention
DAKAR, Senegal – Australia’s Resolute Mining said Monday it would pay $160 million to Mali’s ruling junta to resolve a tax dispute, more than a...
Lexington Gold and Gold One Africa Explore Cooperation on South African Gold Projects
Aim-listed Lexington Gold and its broad-based black economic empowerment partner Letsema have entered into an intention to cooperate agreement with Gold One Africa, which will see the parties seek to...
Russia, Algeria strongest to increase share in EU gas supplies in 2024
In the first eight months of this year, the European Union reduced gas imports by 1.7-fold to €49.2 billion. This comes against a backdrop of...
Trump, Not Inflation, Driving Bond Market, Says Ed Devlin
The latest U.S. inflation reading on Wednesday showing the consumer price index (CPI) going up at a 2.6 per cent rate didn’t impact the bond...
Tencent Surpasses Profit Estimates Following Strong Summer for China Games
Tencent Holdings Ltd.’s profit surged a better-than-anticipated 47% after the summer release of Dungeon & Fighter Mobile helped China’s most valuable company resist a severe...
G4S Kenya to Lay Off 400 Workers Amid Economic Challenges
G4S Kenya has announced that it will be laying off 400 employees due to challenging economic conditions. The private security company, which is part of...
Alibaba, JD Report Singles Day Highs Despite China’s Economic Slowdown
China’s biggest ecommerce platforms issued a welter of numbers showing robust growth during the country’s biggest online shopping event of the year, belying concerns about...
Former Lottery Executive Fired Following Disciplinary Hearing
A former National Lotteries Commission (NLC) chief operating officer, who faced internal charges involving two dodgy multimillion-rand lottery grants, has been summarily dismissed. Sanele Dlamini,...
Africa Re’s Profit Soars 74% on Strong Market Performance
African Reinsurance Corporation (‘Africa Re’) has recorded $ 131.43 million profit at the of third quarter 2024, translating to an improvement of 74.19 percent from...
British Petroleum Eyes Expansion of Investments in Libya Amid Renewed Energy Partnership
British Petroleum (BP) is setting its sights on expanding its investments in Libya as the North African nation continues efforts to rebuild its energy sector....
Lulu’s Abu Dhabi IPO Prices at Peak, Raising $1.43 Billion
Lulu Retail Holdings Plc is set to price its Abu Dhabi IPO at the high end of its target range, aiming to raise $1.43 billion...
South Africa Oil Group Pushes for Amendments to New Law to Attract Investors
Some oil explorers are not satisfied with South Africa’s long-awaited rules for the industry that were signed into law last month by President Cyril Ramaphosa,...
Oil Prices Surge Over $2 Amid Reports of Iran Preparing Attack on Israel
Oil prices extended gains after settlement on Thursday, rising by more than $2 per barrel on a report that Iran is preparing to attack Israel...