Tag: Business Africa

Jack Ma Backed OceanBase Seeks Up to $443 Million to Accelerate AI Expansion

OceanBase, the database software company backed by Jack Ma and spun out from Ant Group, is seeking to raise between 2 billion and 3...

US Backs Madagascar Rare Earths Project to Diversify Global Critical Minerals Supply

The United States has thrown its support behind the Ampasindava rare earths project in Madagascar as part of a broader strategy to diversify global...

FIFA Targets $4.2 Billion Through Minority Stake Sale in World Cup Commercial Business

FIFA plans to raise up to $4.2 billion by selling minority, non controlling stakes in a newly created commercial subsidiary that will manage the...

Remi Tinubu Hosts NBA President Elect Oyinkansola Badejo-Okusanya, Says Women Supporting Women Will Accelerate Growth

Nigeria’s First Lady, Senator Oluremi Tinubu, has reaffirmed the importance of women supporting one another to accelerate national development during a meeting with the...

Eni Raises Share Buyback as Strong Oil Prices Drive Second Quarter Profit Growth

Italian energy major Eni reported a strong rise in second quarter earnings as higher oil and gas prices, increased hydrocarbon production and robust performance...

S&P Global to Acquire Majority Stake in Agusto & Co to Expand African Credit Ratings Business

S&P Global has agreed to acquire a majority stake in Agusto & Co, one of Africa’s leading indigenous credit rating agencies, in a strategic...

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