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Business Africa

CXMT Enters Xiaomi Foldable Supply Chain With New LPDDR6 Memory

China’s leading memory chipmaker ChangXin Memory Technologies (CXMT) will...

Trump Announces US Control of $65 Billion Barrels of Venezuelan Oil Reserves

President Donald Trump says the United States has reached...

India Moves to Put Red Warning Labels on High Sugar and Salt Foods After Public Backlash

India’s Food Safety and Standards Authority of India (FSSAI)...

Nike Taps Former Foot Locker Executive Kristin Bauer to Lead Converse Operations

Nike has hired former Foot Locker executive Kristin Bauer...

Singapore Deepens Egypt Investment Push as Bilateral Trade Ties Gain Momentum

Singapore is stepping up efforts to deepen investment and...

Canal+ Forecasts $479 Million in Annual Synergies by 2030 After $3 Billion MultiChoice Acquisition

Canal+ expects to generate about €400 million ($479 million) in annual synergies by 2030 following its $3 billion acquisition of South Africa’s MultiChoice, the...

West Africa Sees Surge in Indian Diesel After EU Blocks Russian Supply

West Africa has seen a sharp increase in Indian diesel imports following the European Union’s ban on fuel refined from Russian crude, Reuters reported....

PayPal Tests Africa Strategy in Nigeria with $100 Million Fund After Shares Slump

PayPal Holdings Inc. is testing its Africa strategy with a $100 million fund aimed at investments, partnerships, and acquisitions in fintech startups, selecting Nigeria...

Tanzania to Sell Gold Reserves to Finance Infrastructure Projects

Tanzania plans to sell part of its gold reserves to help finance major infrastructure projects as external development funding becomes harder to secure, the...

AES Faces First Major Economic Test After ECOWAS Exit as Currency Rumours Hit Setback

The Alliance of Sahel States (AES), formed by Mali, Burkina Faso and Niger following their exit from the Economic Community of West African States...

South Africa’s Auto Sector Is Not Seeking Steep Import Duty Hikes, BMW CEO Says

South Africa’s automotive industry is not calling for sharp increases in vehicle import duties, despite growing concern over rising imports, BMW South Africa’s chief...

Uganda Says It Will Cut Budget Support by 84% in Next Financial Year

Uganda plans to cut external budget support by about 84% in the next financial year starting in July, sharply reducing its reliance on loans...
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