Prosus, indirectly owned by one of Africa’s richest men, Koos Bekker, led a Series A funding for Flexion, resulting in a $50 million investment for the very promising robotics software companies. Prosus Ventures led a Series A funding round for Flexion, investing $50 million in the robotics software company. Flexion develops general-purpose intelligence technology for…
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Ivory Coast, the world’s top cocoa producer, is now setting its sights on becoming a major player in Africa’s oil industry. Ivory Coast aims to become a major oil producer in Africa by expanding crude and natural gas outputs by 2035. The energy sector initiative seeks to diversify the country’s economy beyond its reliance on…
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The tech giant Apple is currently defending against a lawsuit alleging the use of minerals sourced from the Democratic Republic of Congo, which are purportedly linked to conflict and human rights violations. Apple faces allegations of using minerals sourced from conflict areas in the Democratic Republic of Congo. The company strongly denies the claims, asserting…
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Dangote’s push into Europe’s diesel market has hit a stumbling block as buyers raise concerns over sulfur levels and the region’s stricter winter fuel requirements. Dangote Petroleum Refinery faces challenges exporting diesel to Europe due to high sulfur content exceeding EU winter fuel standards. European importers refuse Nigerian diesel despite potential supply gaps caused by…
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Zimbabwe aims to establish a robust foreign-exchange buffer, enabling the transition to a single national currency and the eventual phase-out of the widespread use of US dollars. Zimbabwe plans to establish a foreign-exchange buffer to transition to a single national currency by 2030. The deputy central bank governor stated reserves will suffice for three to…
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The United States has escalated its standoff with South Africa, with President Donald Trump announcing that Pretoria will not be invited to next year’s G20 meetings in Miami. The United States, under President Trump’s leadership, decided to exclude South Africa from the 2026 G20 summit hosted in Miami. This marks a significant departure from the…
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