Prosus gave up its stake in Russia’s largest social network for nothing, walking away from a company run by an executive under US sanctions. VK sold the shares acquired from …
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Markets
- BusinessEconomyManufacturingMarketsSouth AfricaTechnology
Honor, Oppo, and Xiaomi launches a flagship handsets taking on Samsung in South Africa
While Samsung is the most dominant smartphone brand in South Africa, companies like Honor, Oppo, and Xiaomi have recently released flagship handsets they hope will help them compete with the …
- AgricultureBusinessEconomyINVESTMENTMarketsMorocco
Chile’s Agroberries to Invests €40 million to expand farming into Morocco
Chile’s vertically integrated producer, marketer, and distributor of berries Agroberries Limited is investing €40 million in the first phase of its expansion strategy in Morocco. The investment covers the planting of …
- AmazonBusinessEconomyMarketsSouth AfricaTechnology
Amazon is the first public company to lose $1 trillion in market value
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 …
- 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 …
- 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 …
Retail chain Carrefour will open its first Central Business District Branch (CBD) branch in Nairobi, seeking to compete with already established brands such as Naivas and Quickmart. The Majid Al …
- AirtelBusinessMarketsNigeriaTechnologyUncategorized
Jumai CEOs Sacha piognonnec and jeremy hodara step down as firm suffers losses
The founders and co-Chief Executive Officers of Jumia Technologies, Sacha Poignonnec and Jeremy Hodara, have both stepped down from their position with immediate effect. This is as the Africa-focused e-commerce …
- AgricultureBusinessEconomyMarketsMoroccoUncategorized
Moroccan Tomato Producers announces their plans to Double tomato Exports
The Moroccan Association of Fruit and Vegetable Exporting Producers (APEFEL) has announced its plans to double tomato exports amid the ongoing water scarcity crisis. The source added that the tomato exports …
- AirtelBusinessEconomyINVESTMENTMarketsNigeria
Stock investors lose N3.28tn on their investment in three months
Stock market investors on the floor of the Nigerian Exchange Limited lost N3.28tn of their investment between August 1 and October 31, 2022. The trading activities, which began with a …