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

Nigeria partners with Morocco over a $1.3 Billion fertilizer plant

President of Nigeria, Muhammadu Buhari has recently said in a statement that a new $1.3 billion basic chemicals plant will be ready for commissioning in the coming months with an aim of producing ammonia and fertilizers in Nigeria.

Afriex secures $1.2Mn in seed funding, aims to expand its platform

The company is planning to use these funds to extent its growing team as well as its reach to other markets

Cross-border payments to Nigeria has long been a tedious process as it involves paying of transfer fee to

South Africa’s HyperionDev seeks to offer $235,720 in scholarships

South Africa-based tech start-up, HyperionDev has initiated an impact investment drive that aims at inviting the public to become stakeholders in its growing tech education business. With this move, the company is expecting to make as much as US$235,720 in coding scho

TPG's Rise Fund to acquire 7.5% stake in Airtel Mobile Commerce BV

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.

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