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 [...]Google Co-founders Step Down as Alphabet Executives
Google co-founders, Larry Page and Sergey Brin, have stepped down as Alphabet CEO and president, respectively. Following their stepping down, Sundar Pichai will take over as Alphabet CEO, adding to [...]Huawei to Move Research Facilities From US to Canada
Huawei is moving its research facilities from the US to Canada following continued sanctions on the company by US. According to the company CEO, the move is necessary because Huawei [...]Asia's FinAccel Raises $90 Million For Expansion
Singapore based Fintech firm FinAccel has raised $90 million (KSh9.2 billion) in its latest series C funding. This comes at a time when the firm is seeking to grow its [...]World's Highest Valued Fintech to Spend $1 Billion in Expansion Plans
Alibaba's Ant Financial, and the world's highest-valued Fintech, is set to spend $1 billion in expansion plans to India and Southeast Asia. According to Ji Gang, vice president of Ant [...]China-Russia Natural Gas Pipeline Begins Operation
The China-Russia east-route natural gas pipeline has kick-started its operations. It is the first natural gas pipeline between China and Russia. It is also the first cross-border gas pipeline in [...]
