South African authorities have reportedly devised a USD 7 billion-plan for the modernization of the Port of Durban. The initiative looks to enhance the site’s efficiency and reclaim its standing as Africa’s best-performing port.
FintechOS bags $60 billion funding to expand global footprint
- The company will set up new offices in Singapore, Dubai, and the U.S.
- Funds will also be used to expand its core operations in banking and insurance and advance its low-code self-proposition, and c
Amazon to open up a new head office in South Africa, creating new jobs
The City of Cape Town has reportedly given permission for the construction of R4 bn (US$ 280 million) River Club mixed-use development, which would be the new headquarters for global tech giant, Amazon, in Africa.
The development d
Coca-Cola Beverages Africa plans IPO in Johannesburg and Amsterdam
The IPO will be initiated within 18 months depending on number of factors such as macroeconomic conditions
With an aim of focusing its resources on building consumer-loved brands and innovation, Coca-Cola Beverages
Swedish EV firm Polestar raises over $550 million in external funding
Polestar, a leading Swedish automotive company owned by Volvo Cars, as well as its parent firm, Chinese automotive firm, Geely, has reportedly announced that it has raised over $550 million in external funding.
According to reports
Twitter to open its first Africa office, posts job listings in Ghana
Twitter, the leading American social networking and microblogging enterprise, has reportedly announced plans to open its first-ever Africa office in Ghana. With this, the social media firm joins the likes of Facebook as well as a number of other tech companies that ha
Anglo American mulls investor concerns, to spin off coal mines in SA
With coal being one of the key contributors to global carbon emissions, investors in the thermal coal industry have started to raise concerns over the most-polluting fuel. Accelerating its response to investor pressure, global mining company, Anglo American Plc h
Emirates affirms suspension of flights from South Africa until mid-April
The COVID-19 pandemic has severely impacted the global airline industry with restrictions on travel forcing air companies to halt their operations. Recently, Dubai-based international airline company, Emirates announced that its flights from South Africa will continue
S. Africa’s PIC invests $7.4B in platinum betting on sustained rally
South Africas largest money manager, Public Investment Corp., estimates that the platinum miners would continue to make enormous payouts as stringent vehicle-emission regulations impel the demand and earnings of metals.
The state-o