Egypt is considering the purchase of 24 additional Rafale fighter jets from France, a move that could take its fleet to 78 aircraft and strengthen Dassault Aviation’s position in one of Africa’s largest defence markets. Egypt is considering purchasing 24 more Rafale fighter jets from France, which would increase its Rafale fleet to 78 aircraft.…
President Donald Trump, the US commander-in-chief, has fulfilled a long-signalled ambition to appear on national currency after the US Mint released a $1 coin bearing his portrait. The US Mint has released $1 coins featuring President Donald Trump, making him the first sitting US president in 100 years to appear on a coin while still…
Kenya’s President, William Ruto has moved against foreign businesses on two fronts in less than 24 hours, ordering Indian-owned Tata Chemicals to end its operations in Kenya while directing a nationwide crackdown on foreign nationals running small-scale businesses. Kenya’s President William Ruto has ordered Indian-owned Tata Chemicals to cease operations in Kenya. The government plans…
Continental Reinsurance Holdings Ltd. is looking to execute the first initial public offering on the Botswana Stock Exchange since 2017, as it seeks capital acquisition to facilitate its regional expansion. Continental Reinsurance Holdings Ltd. is launching the first IPO on the Botswana Stock Exchange since 2017 to fund regional expansion. Around 20% of the $155…
Tim Cook has stepped down as Apple CEO after 15 years, handing control of one of the world’s most valuable companies to longtime hardware chief John Ternus and closing an era of extraordinary global expansion that left Africa with a comparatively limited Apple footprint. Tim Cook has stepped down after 15 years as Apple CEO,…
Uber is pulling out of Nigeria and Uganda as the ride-hailing giant restructures its global operations, cuts about 3,300 jobs and shifts more investment toward autonomous vehicles and robotaxis. Uber will cease operations in Nigeria and Uganda from September 2 as part of a global restructuring plan. Despite leaving these two countries, Uber states it…
Spain’s King Felipe VI, a leader widely considered one of Europe’s most financially modest, is set to travel to the Spanish enclave of Ceuta, following the migration crisis that involved around 73,000 Africans. King Felipe VI of Spain is set to visit Ceuta following a major migration crisis involving around 73,000 Africans entering the enclave.…
South African energy and chemicals company Sasol has withheld its dividend despite reporting improved annual earnings because its debt remained above the limit set by its shareholder-distribution policy. Sasol’s headline earnings per share increased by 9%, while basic earnings per share rose 79%. The company did not declare a dividend. Net debt remained at approximately…
A former Ethiopian minister recently alleged that Egypt and its collaborators had initiated plans to cut off its access to the Red Sea, given Addis Ababa’s role as the source of the Abay (Nile) River. A former Ethiopian minister accused Egypt of attempting to block Ethiopia’s access to the Red Sea by fueling internal conflicts…
