Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered …
Economy
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- BusinessEconomyInformation & TechnologySouth Africa
Elon Musk scraps new Twitter label hours after launch
Twitter launched two new verification tools Wednesday but “killed” one of them hours later in a messy start to owner Elon Musk’s campaign to revamp the influential platform following his …
- BusinessEconomyEnergyNigeriaUncategorized
Hossana foundation to train 10,000 of FCT youths with solar energy skills
A non-governmental organization, the Hope Hossana Foundation, is collaborating with the DG-Integrated Energy services, to train 10,000 youths in the Federal Capital Territory in the energy sector. The training project, …
- BusinessEconomyNigeriaTechnologyTelecommunications
NCC discovered a harmful app on Google Play Store and warns Nigerians against downloading
The Nigerian Communications Commission(NCC) has warned Nigerians to stay away from mobile applications from the ‘Mobile Apps Group’. According to the commission, the group had been discovered to release apps …
- BusinessEconomyMarketsMoroccoTechnology
Moroccan Fintech Startup WafR Raises $120,000 To Expand it’s Customer Base
Moroccan fintech startup WafR has raised $120,000 from Casablanca-based fintech-focused venture capital First Circle Capital in its fourth round of funding in 2022. WafR has raised $1.2 million this year which …
- Banking, Finance & InvestmentBusinessEconomyMoroccoTransportation & Logisitics
Morocco’s Railway Office Sign €192.4 Million Loan Deal with European Investment Bank
Morocco’s National Railways Office (ONCF) signed a MAD 2.1 billion (€192.49 million) agreement on Wednesday. The budget represents 80% of an overall loan budget of €250 million the bank offered to …
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Nigeria pushes for $400bn energy transition plan funding
The Federal Government is pushing for funding to the tune of $400bn to help implement Nigeria’s Energy Transition Plan. The Minister of Environment, Mohammed Abdullahi, said the push was being …
- BusinessEconomyMarketsSouth AfricaSPORTUncategorized
Adidas appoints former Puma boss as it’s new CEO
Adidas on Tuesday named Bjorn Gulden, chief of rival outfitter Puma, as its new CEO as the German sportswear giant seeks to emerge from months of turbulence. The Norwegian former …
- AmazonBuildingBusinessEconomyFinance & ServicesSouth Africa
Big win for Amazon’s new headquarters in South Africa
The developers behind the R4.6-billion multi-purpose complex in Cape Town set to house Amazon’s new African headquarters scored a major court win on Tuesday. The Supreme Court of Appeal dismissed …
- BusinessEconomyFinance & ServicesSouth AfricaTelecommunications
Concerns about social grants as Telkom threaten to terminate it’s IT service to SAPO
The expiration of Telkom’s contract to supply IT services to the South African Post Office (SAPO) could affect the provision of social grants to millions of South Africans. While reports …