Chinese Industrial Group To Buy Bankrupt Russian Oil Producer.
China’s Xinjiang Sanbao Industrial Group is to purchase the bankrupt Tomskgeoneftegaz LLC, a small oil production company in the Tomsk region, for […]
A $7.2 Billion Emerging Market Fund Amps Up Local Debt Bet.
A manager of the world’s largest mutual fund dedicated to emerging-market bonds is scooping up local currency debt, betting the dollar’s persistent […]
“We can turn Africa into a ‘heaven’ in the next five years” — Dangote.
Africa’s richest man, Aliko Dangote, has urged Africans to adopt bold thinking and a long-term mindset, asserting that the continent could be […]
DR Congo, Rwanda sign peace deal in ‘turning point’ after years of conflict.
The Democratic Republic of the Congo (DRC) and Rwanda have signed a peace deal in the United States to end years of […]
Jordan’s economic growth outpaces forecasts as IMF releases new funds.
The Executive Board of the International Monetary Fund (IMF) has completed the third review of Jordan’s four-year Extended Fund Facility (EFF) arrangement, […]
TotalEnergies buys 25% stake in offshore Suriname from Moeve.
TotalEnergies has acquired a 25% stake in Block 53 offshore Suriname from Spanish company Moeve, it said on Friday without giving financial […]
Somalia’s New Stock Exchange Boosts Economy.
Somalia has launched its first-ever national stock exchange, signalling a bold step away from decades of instability and toward market-led growth and […]
Lebanon: World Bank approves $250 million financing to support reconstruction in conflict-affected areas.
The World Bank Board of Executive Directors recently approved $250 million in financing to Lebanon to support the most urgent repair and […]
Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round.
Crypto company Digital Asset said Tuesday that it’s netted $135 million in funding from a raft of major names in banking and […]
BoG Raises GH¢4.05 Billion via 56-Day Treasury Bills.
The Bank of Ghana (BoG) has successfully raised GH¢4.05 billion through the issuance of its 56-day Treasury bills, reinforcing its tight monetary stance […]
SaturnX closes $3mln funding round to expand in Southeast Asia.
SaturnX has raised $3 million in seed funding, led by White Star Capital with participation from institutional investors, according to a press […]
Nippon Steel’s purchase of U.S. Steel closes, with big role for Trump.
Nippon Steel’s $14.9 billion acquisition of U.S. Steel closed on Wednesday, the companies said, confirming an unusual degree of power for the […]