Tycoon Ambani sets sights on Africa with telecom venture
Seeking to win mobile broadband customers in a high-growth market.
View ArticleSouth African Shell-BP refinery purchase raises clean-up concern
Shell and BP stopped refining operations at Sapref in 2022 as they considered options for the plant, pointing out that a sale was their preferred option.
View ArticleDBSA to set up its first biodiversity fund
The fund is one of 'the first real big steps to get this stuff going,' Michael Hillary, the DBSA’s group executive for financing operations, said.
View ArticleWhere South Africa’s crunch election will be won and lost
As the country heads into its tightest election since apartheid ended in 1994, the ANC is facing competition like never before.
View ArticleOne week after Singapore Air turbulence, 34 remain in hospital
Thai authorities have said most of the injuries involved the head or spine, and more than a dozen people needed surgery.
View ArticleMester says Fed can better explain how economy affects decisions
Mester said increasingly short policy statements, while often seen as a virtue, can also be problematic as each word takes on added significance.
View ArticleStocks rise, dollar slips ahead of inflation data: Markets wrap
Bitcoin fell 2.7% to $67 726.88.
View ArticleOil steadies as geopolitical tensions rise before OPEC+ meeting
Brent for July was up 0.2% at $83.28 a barrel at 12:35 p.m. in Singapore.
View ArticleZambia sees latest IMF review sealed in June with funding boost
'We are very sure that we’ll be able to conclude' the IMF discussions and be able to go to the board in June, Nkulukusa said.
View ArticleFirst of Bankman-Fried’s FTX lieutenants faces sentencing
Bankman-Fried was sentenced in March to 25 years in prison, an outcome he is planning to appeal.
View ArticleNaira firms as central bank sells dollars amid liquidity concern
The naira rose 9.7% on Monday to trade at 1 339.33 per dollar, closing at the firmest since April 26 and posting its biggest one-day move since mid-January.
View ArticleDemand surges at South Africa bond auction before key election
SA’s 10-year yield had dropped three basis points by 1:22 p.m. in Johannesburg. It traded at 12.08%, having declined for the first day in four.
View ArticleZimbabwe sees deal for an IMF staff-monitored programme in October
The country has been locked out of international capital markets after defaulting on its debts since 1999.
View ArticleEast Africa rebounds to lead continent’s 2024 growth, AfDB says
The average real GDP growth for 13 economies in the region is projected to accelerate to 4.9% in 2024.
View ArticleTurkey close to exiting global watchdog’s illicit finance list
Which will potentially boost its economy.
View ArticleUS GDP growth was slower last quarter on soft consumer spending
The numbers highlight a loss of momentum at the start of 2024 after consistent gains in 2023.
View ArticleDell escapes Nvidia’s shadow as its own AI tailwinds accelerate
As the company emerges as one of the leading beneficiaries of the AI boom.
View ArticleTrump guilty verdict adds twist to 2024 race
The ex-president is now a convicted felon.
View ArticleWeWork cleared to exit bankruptcy, shedding Neumann legacy
This follows the company's struggle to recover from its significant decline nearly five years ago, following a failed initial public offering.
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