Indian Government Orders Internet Shutdown In Parts of Delhi
The government of India today ordered Telco operators to shutdown voice calls and internet services in New Delhi. Therefore, Airtel and Vodafone already followed the instructions, with their users now [...]
Peugeot and Fiat Chrysler Merge on $50 Billion Deal
Fiat Chrysler Automobiles (FCA) and Peugeot have announced a 50-50 share merger that would create a company worth about $50 billion (KSh5 trillion). If approved, the deal will unite brands [...]Volvo Sells UD Trucks to Isuzu, Signs Partnership for Autonomous Trucks
Volvo Group has agreed to sell its UD Trucks Unit to Japanese automotive manufacturer Isuzu for $2.3 billion. The transaction will add Volvo Group's operating income by $212 million, increasing [...]Boeing to Halt 737 Max Production
Aviation giant Boeing says it plans suspension of the 737 Max production starting in January 2020. Furthermore, Boeing says it will prioritize the delivery of stored aircraft and temporarily suspend [...]
Caribbean Pacific Countries Pledge Support for Inter-Africa Trade
The recently concluded 9th African, Caribbean and Pacific (ACP) summit has seen member states rally support towards the growth of inter-Africa trade. For instance, the countries advocated for the establishment [...]Qatar Airways Acquires 60% Stake in $1.3 Billion Rwanda Airport Project
Qatar Airways has acquired a 60% stake in a new $1.3 billion Rwanda's Bugesera airport project. The government of Rwanda and Qatar Airways have announced an investment partnership for Rwanda's [...]RaySecur, Mailroom Security Startup, Raises $3 Million in Seed Funding
Mailroom security startup, RaySecur, has raised a total of $3 million in their first round of seed funding. The investors who participated in the funding include One Way Ventures, Junson [...]OPEC Countries and Russia Set to Cut Oil Output
TheOPECoil-producing countries and Russia have annnounced an agreement to cut crude oil production, a move that is aimed at increasing the global crude oil prices that they hope to sustain [...]Tullow Oil Shares Drop as CEO Resigns
Tullow Oil shares have dropped to nearly half after Chief Executive Officer, Paul McDade, resigned. Additionally, the company also suspended its dividend. This is a move that seeks to generate [...]Uber Launches in Ivory Coast
Uber Technologies has officially launched its operations in Abidjan, Ivory Coast. Currently, it is hosting a series of training sessions to bring local drivers on board. Abidjan, therefore, becomes the [...]Saudi Aramco to Raise $25.6 Billion in Biggest IPO Ever
Saudi Aramco is set to raise $25.6 billion (KSh2.6 Trillion) in its upcoming Initial Public Offering (IPO). It will beat Alibaba's $25 billion listing in 2014, making it the biggest [...]Hyundai to Invest $51 Billion in Electric Autonomous Cars by 2025
Hyundai Motors has unveiled its plans to invest $51.81 billion in mobility devices and services between 2020 and 2025. According to the company, its major focus is electric and autonomous [...]
