Category: Business

U.S. based investment firm, TPG's Rise Fund is nearing plans to pump $200 million in Airtel Africa's mobile money biz., Airtel Mobile Commerce (AMC) BV. Following successful execution of this transaction, Rise Fund would attain a 7.5% in AMC. As per an official statement, the transaction wi

A Milan court has reportedly acquitted Royal Dutch Shell, Eni, and its chief executive in one of the biggest corruption case of the oil industry, which revolved around the decade old $1.3 billion acquisition of an oilfield in Nigeria. According to reports, the ruling, which was read out by judge Ma

Missio Invest, a firm that provides technical and financial assistance to social enterprises in Africa, has announced securing US$20 million finance from the U.S. DFC (International Development Finance Corp.) for its Missio Invest Social Impact Fund. Sources close to this move state that

PayPal Holdings Inc., the leading American digital payments enterprise operating a global online payments system, has reportedly teamed up with African payments firm, Flutterwave, to bring Africa into its comprehensive global payments ecosystem.  For the uninitiated, earlier it was almost impo

XC40 Recharge is the first of five all-electric cars planned to be launched by Volvo over the next 5 years Following strong recorded sales for its all-electric SUV in the international market, Swedish car manufacturer Volvo has now turned its attention to the South African market where the company

The acquisition estimated to be worth $6.45 billion is likely to come from Panasonic's own funds The electronics major may also consider other financing and loans if required Japanese electronics firm, Panasonic Corp. has revealed the acquisition of U.S. supply-chain software com

Meitu Inc., a leading Chinese technology corporation behind one of the world’s most downloaded beauty apps, has reportedly announced its intention to invest in Ether. With this, Meitu has become the latest enterprises to take a page out of Tesla Inc’s book and invest in cryptocurrency as

InfraCo Africa, a multi-government funded investment company, and its project partner, JCM Power (JCM), have reportedly reached plans to financially back the construction of the 20MWAC Golomoti Solar project in Malawi. Sources close to the matter state that, upon completion, the solar plant will fac

The acquisition will accelerate the transition of Namibia’s energy supplies towards renewable energy South Africa’s investment management firm, Old Mutual Investment Group (Namibia) has acquired a majority share in a 5MW solar PV plant located in the Karas Region of Namibia. Through its