China Plans To Blacklist Foreign Companies as Trade War Heightens
The Chinese Government is planning to blacklist entities in its country including foreign companies, individuals and organizations, an action which is seen as a retaliation to the move by the [...]
Alibaba Plans 2nd Listing in HongKong
Chinese e-commerce giant Alibaba Group is considering to list in Hongkong as its second bourse after the US in a bid to raise $20 billion. The Chinese e-commerce plans to [...]Google stops Android services to Huawei
Google has announced that it will no longer provide android services to the Chinese firm Huawei. Popular services like Google Play Store, Gmail, Chrome browser, and YouTube will no longer [...]
Jumia reports impressive topline growth in Q1
NYSE listed e-commerce platform Jumia Technologies has announced its financial results for the quarter ended March 31, 2019. The company reported a 12 % growth in revenue to 31.8 million [...]
Norwegian Wealth Fund gains $84 billion in three months from investing in stocks
Norway’s Sovereign Wealth Fund worth $1 trillion earned $84 billion (~KSh8.5 trillion) in the first quarter of 2019 from investing in the stock market. Managers of the world's largest sovereign wealth [...]Chinese Pharmaceutical Company engaged in $4.4 billion accounting fraud
A Chinese Drug Company has revealed that it overstated its cash balance by $4.4 billion (~KSh444 billion) in the latest financial reports. Kangmei Pharmaceutical, a leading drug manufacturer in China, [...]US Gov’t Targets Countries with High Short-Term Visa Overstays
The Trump administration is planning to suspend or limit U.S. entry for individuals from countries with high rates of short-term visa overstays. In a memo signed by the President, he [...]Founder of Abraaj Group, Arif Naqvi, denied bail in London
A London court has denied the owner of Private Equity firm Abraaj Group bail due to concerns that he may flee to Pakistan where it will be difficult to arrest [...]Huawei unveils 5G Communication Hardware for Autos
Huawei Technologies has launched a 5G communications hardware for the automotive industry-the first ever globally.. In a statement, the firm said that the hardware is founded on the Balong 5000 [...]Amazon Shuts down its Chinese market place
Amazon is planning to shut its Chinese market place Amazon.cn and its customers in the country will no longer be able to buy items from Chinese merchants, according to various [...]India's Jet Airways halts flights after banks reject funding request
India’s Jet Airways has halted both domestic and international flight operations following the carrier’s failure to secure interim and long-term funding that will ensure it remains afloat. In a statement, [...]Jumia stock price jumps up 75% on first day of trading
On Friday, Africa focused e-commerce platform Jumia listed on the New York Stock Exchange. The e-commerce firm, founded by French entrepreneurs, Jeremy Hodara and Sacha Poingnonnec, started operating in Nigeria [...]
