African Rainbow Minerals (ARM), owned by Patrice Motsepe, reported a significant decline in profits for the 2023 financial year. This was attributed to lower production levels and weaker commodity prices.
Author: Staff Writer
Dr. Kgosientsho Ramokgopa, the Minister in the Presidency for Electricity, has arrived in Nairobi, Kenya, to participate in the inaugural Africa Climate Summit (ACS).
UAE’s Global Investment Holding Ltd. has acquired a 30% stake in Egypt’s largest tobacco company for a total of $625 million.
Goldman Sachs, the renowned investment bank, is currently facing a £1 million lawsuit filed by a former employee who claims the workplace was “dysfunctional” and fostered an environment of discrimination and retaliation.
The Nigerian Federal Government has announced its intention to address the recurring issues of flight delays and cancellations by implementing stricter regulations.
Uber introduces electric motorbike service in Kenya, marking its first in Africa, as part of its global goal to achieve an emissions-free platform by 2040.
Speaking at the conference held by SARB, Gita Gopinath of the IMF stressed the need for faster debt restructuring, inspired by Zambia’s successful efforts. Gita Gopinath, First Deputy Managing Director of the IMF, emphasized the need for faster sovereign debt restructuring mechanisms for indebted nations.
Koree, a Cameroonian startup, aims to expand across Francophone Africa with its consumer app that serves as a digital wallet for loyalty cards.
Morocco has surpassed South Africa as the largest exporter of blueberries to the United Arab Emirates (UAE), which has become a major consumer of the fruit worldwide.
Rosalind Brewer, CEO of Walgreens Boots Alliance, has resigned from her position, less than three years after taking the helm at the US pharmacy chain operator.