Paymob, the largest payments facilitator in the MENA area, founded by Egyptian IT entrepreneurs Islam Shawky, has closed […]
Business & Opportunities
Brent Crude Falls Below $70 Per Barrel
Oil’s main international benchmark dipped below $70 a barrel on Tuesday for the first time since the end […]
Business & Opportunities
BMW Recalls 1.5 Million Cars Over Bad Brake, Cuts Outlook
BMW announced on Tuesday that it was recalling around 1.5 million vehicles owing to brake concerns and lowered […]
Business & Opportunities / World Buzz
Former Swedbank CEO Jailed For ‘Swindling’
On Tuesday, a Swedish court sentenced Swedbank’s former CEO to 15 months in prison for misrepresenting investors about […]
Business & Opportunities
Acorn Secures Plot For First Hostel Outside Nairobi
Acorn Holdings Africa, the Nairobi-based property development firm owned by Kenyan real estate billionaire Edward Kirathe, has purchased […]
Business & Opportunities / Editor's Pick / Richest
Mexico’s Richest Man, Carlos Slim Increases Talos Shares After Unexpected CEO Exit
Carlos Slim, Latin America’s richest person, increased his investment in Talos Energy Inc., a U.S. oil and gas […]
Business & Opportunities
Equity Group to Raise Salaries for Female Employees
Equity business, East and Central Africa’s major financial services business led by Kenyan banker James Mwangi, plans to […]
Business & Opportunities / Richest
Sue Nabi’s Investment in U.S. Beauty Giant Drops Below $300 Million
Sue Youcef Nabi, an Algerian-born French businesswoman and CEO of Coty Inc., has seen the value of her […]
Business & Opportunities
Egypt’s Khamis Family Set to Lose Almost $10M from Oriental Weavers Stake
Egypt’s Khamis family, a global carpet business leader, has suffered a nearly $10 million financial loss from joint […]
Business & Opportunities / Featured Posts
10 African Countries With The Lowest Import Cover
Import cover refers to a country’s foreign exchange reserves, which are defined in terms of how many months […]
Business & Opportunities
10 African Countries With The Slowest External Reserve Growth
The state of African countries’ external reserves influences their economic stability and growth. If the Federal Reserve keeps […]
Business & Opportunities / Editor's Pick
Top Global Buyers of Agricultural Products in Africa
Agriculture is the heart and soul of many African countries, employing a large proportion of the people and […]
Business & Opportunities / Featured Posts / World Buzz
China Promises $50 Billion For Africa Over Next Three Years
Chinese President Xi Jinping committed more than $50 billion in financing for Africa over the next three years […]
Business & Opportunities
Sanctioned Russian Central Banker Named To IMF’s Board
The current holder of the office announced on Tuesday that a sanctioned central banker will represent Russia on […]
Business & Opportunities / Featured Posts
Dis-Chem Executive, Stanley Goetsch Sells $19 Million in Shares to Diversify Portfolio
Stanley Goetsch, a long-time executive director at Dis-Chem, has sold shares worth nearly $19 million, indicating a significant […]
Business & Opportunities / Editor's Pick
Egypt: IDH Reports $51.4 Million in Revenue for the First Half of 2024
Integrated Diagnostics Holdings (IDH), a renowned healthcare services organization based in Cairo and led by Egyptian businesswoman Hend […]
Business & Opportunities / Featured Posts
Egyptian Billionaire Samih Sawiris’ Company Strategically Sells Property for $6.8 Million
Orascom Development Egypt, a subsidiary of Swiss-based Orascom Development Holding (ODH), which is majority controlled by Egyptian billionaire […]
Business & Opportunities
Palm Hills Records $225 Million in Revenue for the First Half of 2024
Palm Hills Developments, a Cairo-based real estate corporation led by Egyptian billionaire Yasseen Mansour, reported strong financial results […]
Business & Opportunities
Canada GDP Up 2.1% In Q2
The Canadian economy expanded faster than predicted in the second quarter, thanks to increased public spending, industry investment, […]
Business & Opportunities
Oil Giant Shell To Cut Hundreds Of Jobs
Shell, the British energy giant, plans to remove hundreds of jobs from its oil and gas exploration division […]
Business & Opportunities / Editor's Pick / Inspiring
Burger Vending Machine Founders Win $1.5M on ‘Shark Tank’ Despite Business Model Criticism
Audley Wilson is a co-founder of RoboBurger, which creates vending machines that serve personalized burgers. He launched the […]