U.S. private equity and hedge funds are backing an effort by Ethiopia to turn itself into an exporter of electricity […]
U.S. Will Halt Crude Oil Import From Nigeria
There are indications that the United States may halt crude oil import from Nigeria by 2022, as it moves closer […]
The World’s Biggest Container Shipping Line Is Now Worried About Amazon and Alibaba
The world’s biggest container shipping line is trying to stop customers like Amazon.com Inc. and Alibaba Group Holding Ltd. from […]
Federal Funds for Clean Coal Project Mispent on Liquor and Spas
Millions of dollars of federal funds for a failed carbon capture and sequestration project were improperly spent on liquor, lobbying, […]
Amazon Is Laying Off Hundreds of Employees at Its Seattle Headquarters
Amazon (AMZN, +3.50%) is cutting hundreds of jobs at its Seattle headquarters in a rare set of layoffs for the […]
Meet The First Female Laureate Of The Mo Ibrahim Prize For Achievement In African Leadership
“I am proud to see the first woman Ibrahim Laureate, and I hope Ellen Johnson Sirleaf will continue to inspire […]
Wiese Cuts Stake in Steinhoff Down to 6%
In an astonishing sign of lack of confidence in Steinhoff International, Steinhoff’s former chairperson Christo Wiese has cut his stake […]
Barclays Bank in trouble Over £2.2billion Qatari loan
Britain’s Serious Fraud Office has charged Barclays Bank with unlawful financial assistance to Qatari investors, extending to the lender’s operating […]
Warning Signs Flash for Kenya Currency Amid Political Crisis
As Kenya’s shilling appreciates in spite of a political crisis that shows little sign of abating, warning signs are starting […]
“Second place is first loser”: Google’s Waymo Against Uber
After two days of legal wrangling, lawyers for Google’s self-driving car company Waymo on Wednesday injected a little bit of […]
Tesla Loses Head of Global Sales To Lyft
Tesla has lost another executive—this time its president of global sales and service, and CEO Elon Musk says he has […]
Samsung chairman named as suspect in $7.5 million tax evasion case
Samsung Electronics’ (005930.KS) ailing chairman, Lee Kun-hee, was named by South Korean police on Thursday as a suspect in an […]
Casino Mogul Steve Wynn Steps Down as CEO Amid Harassment Allegations
Steve Wynn has stepped down as the CEO of Wynn Resorts after allegations of sexual misconduct piled pressure on the […]
America’s Richest Doctor Is Buying the ‘Los Angeles Times’
The Chicago-based owner of the Los Angeles Times is expected to announce it is selling the newspaper, according to people […]
Konga acquisition: It seems Kinnevik and Naspers lost a combined 184% return on investment
Swedish investment company, Kinnevik and South African media group, Naspers have been longtime public investors in Konga, which was recently […]
Bitcoin Breaks Below $6,000
The rout in cryptocurrencies intensified, sending Bitcoin to its lowest level since October, as worries over tighter regulation by U.S. […]
Naspers asks Investec to pull ‘damaging’ analyst report
Naspers is asking Investec to withdraw an analyst report that it says contains errors and has damaged Africa’s biggest company […]
Zinox Group acquires Konga
The Zinox Group has reportedly acquired Konga but the financial aspects of the deal are still not in the public […]
Investec’s Koseff, Kantor Step Down After 40 Years at Helm
Investec Plc Chief Executive Officer Stephen Koseff and Managing Director Bernard Kantor will step down in October after 40 years […]
Attention Walmart Vendors: Your Shipping Costs Are About to Spike
Walmart executives will ask vendors to deliver more merchandise on time or face fines, in an effort to keep their […]