The Tripoli-based Libyan General Authority for Communications and Informatics has suspended all activities of Chinese telecom giant Huawei in the country. The announcement was made on Tuesday, with officials citing …
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Glovo Marks 5 Years in Uganda with Shs 33bn Investment
Glovo, the Spain-headquartered multi-category delivery platform, has celebrated its fifth anniversary in Uganda with the opening of a new office in Kampala, marking a Shs 33 billion investment that is …
- AFRICA NEWSAutomotiveBusinessEconomyInternational
Dacia Sandero, Built in Morocco, Becomes Europe’s Best-Selling Car
The European automobile market has recorded a new development as the Dacia Sandero, a compact car produced mainly in Morocco, emerged as the best-selling car in Europe in 2024. Reports …
Ghana’s gold industry has entered a new phase of regulation as the Ghana Gold Board (GoldBod) officially began enforcing the mandatory use of GoldBod receipts for all transactions involving licensed …
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South Africa Court Rules Foreign Companies Can Be Punished for Local Market Misconduct
A landmark judgment in South Africa has made it clear that foreign companies and individuals can no longer assume they are safe from punishment simply because they are not physically …
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MTN South Africa Appoints New CEO as Part of Major Leadership Changes
MTN Group has announced a fresh round of leadership restructuring, which will see a new Chief Executive Officer (CEO) take charge of MTN South Africa. The telecoms giant revealed the …
- AviationBusinessEconomyINVESTMENTSouth AfricaTransportation
Mango Airlines Faces Final Shutdown as Rescue Deal Collapses
Mango Airlines, South Africa’s low-cost carrier, is on the verge of shutting down for good after its last hope of survival collapsed. The investor expected to revive the struggling airline …
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Saudi Consortium Gets Approval to Acquire Barloworld in R23 Billion Deal
A consortium led by Saudi Arabia’s Zahid Group has received the green light from South Africa’s Competition Tribunal to acquire Barloworld in a deal worth R23 billion. The transaction, which …
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Standard Bank warns customers as AI-powered “spoofing” scams surge
Standard Bank has raised the alarm over a sharp rise in “spoofing” fraud, warning customers to be extra careful as criminals now use artificial intelligence tools to sound and look …
- AfricaBusinessCorporate AffairsEconomyINVESTMENTMining
Hilmax Returns Strong with New Investors, Sets Eyes on Expanding Zimbabwe’s Mining Sector
Hilmax Engineering, one of Zimbabwe’s leading engineering service providers to the mining industry, has staged a remarkable comeback after facing a serious survival battle last year. For more than a …