Tag: Business Africa

AXIAN Telecom Secures €170 Million EBRD Loan as Investor Confidence in African Telecom Growth Deepens

Madagascar billionaire Hassanein Hiridjee has secured another major vote of confidence from international financiers after AXIAN Telecom obtained a €170 million ($196 million) financing...

U.S., Iran Reach Peace Agreement to End Middle East Conflict, Formal Signing Set for Friday

The United States and Iran have reached a peace agreement aimed at ending months of military confrontation across the Middle East, with a formal...

Anthropic Disables Fable 5 and Mythos 5 Following U.S. Government Directive

Artificial intelligence company Anthropic has suspended access to its flagship Fable 5 and Mythos 5 AI models after receiving a U.S. government directive citing...

Elon Musk Becomes World’s First Trillionaire as SpaceX Shares Surge After Historic IPO

Elon Musk has become the world’s first trillionaire following the blockbuster public debut of SpaceX, whose shares surged on their first day of trading...

S&P Restores Afreximbank’s Investment-Grade Rating in Major Boost for African Trade Finance

The African Export-Import Bank (Afreximbank) has regained its investment-grade status after S&P Global Ratings assigned the institution a BBB+ rating with a stable outlook,...

Zimbabwe State Gold Miner Targets Doubling Output by 2029 as Expansion Projects Gain Momentum

Zimbabwe’s state-owned gold producer, Mutapa Gold Resources, plans to double its annual gold output to 220,000 ounces by 2029, supported by a series of...

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