Boeing Delivers 29 Aircraft in March
U.S. planemaker, Boeing, has announced that it delivered 29 aircraft in March, up from 20 in the previous year, marking the company's second straight month where net orders stayed positive. [...]
Kenya Beat South Africa Nigeria as the Top Investment Destination for Japanese Firms
Kenya is one of the fastest-growing economies in Africa and a leading investment destination for international investors. A recent survey by the Japan External Trade Organisation (JETRO) revealed that the [...]
Norway Sovereign Wealth Fund Finally Invests In Renewable Energy
The worlds largest sovereign wealth fund, The Norwegian Government Pension Fund, has invested in renewable energy after years in the oil and gas sector. Through the Norges Bank Investment Management, the fund acquired a 50% stake at the cost of 1,374 Million Euros of the Borssele 1&2 Offshore Wind Farm. The offshore wind farm located in the Netherlands is the second-largest in the world and can generate up to 752 MW of wind power.IMF Forecast A Stronger Global Recovery After COVID-19
The International Monetary Fund(IMF), in its latest global outlook, expects the world economy to grow at 6% in 2021 and 4% in 2022. This is from a negative three per [...]
Twitter Picks Ghana as HQ for Africa Operations
Social Media giant, Twitter, yesterday announced that it is establishing its presence in Africa by opening its first office in the continent in Ghana. Twitter CEO Jack Dorsey announced the [...]Air France-KLM to Receive $4.7 Billion from French Gov’t
The French government has announced plans to contribute to a $4.7 billion recapitalisation of Air France-KLM, increasing its stake from the current14.3%to nearly 30%. This will make the government Air [...]US Stock Market Continues To Set New Record Highs
Wall Street The US stock market closed higher at the end of the week with the Dow Jones and SP 500 hitting new all-time high records during Friday's session. Decent [...]
Toshiba Receives $20 Billion Buyout Offer from CVC Capital Partners
Japanese electronics giant, Toshiba, has received a buyout offer from CVC Capital Partners, a British private equity fund. The deal is estimated to be worth$20 billion. If successful, the offer [...]Plaid Raises $425 Million in Series D Funding
Fin-tech company, Plaid has raised $425 million in its Series D funding round, bringing the company's valuation to $13.4 billion. Investors who took part in the funding include Altimeter Capital, [...]Payments Platform, Stripe, Launches in the Middle East
Online payments platform, Stripe, has officially launched its first entry into the Middle East, opening an office in the United Arab Emirates, in Dubai Internet City. Henceforth, businesses operating online [...]Coinbase Reports $1.8B Q1 Revenue, Ahead of its April 14 Direct Listing
Coinbase reported its preliminary results for 2021 Q1 on April 6, recording revenues of approximate $1.8 billion, up from approximately $190.6 million in the same period last year. In the [...]French Govt to Doubles its Stake in Air France Following Approval of a $4.7 B Recapitalization Plan
Air France announced plans to strengthen the Group's capital which will see the French government contribute 4 billion euros ($4.7 billion) to help the pandemic stricken airline cope with its [...]
