Tag: Business Africa

Angola’s Sonangol Secures $2.65 Billion Financing From International Lenders

Angola’s state-owned oil company, Sonangol, has secured a $2.65 billion financing facility from a consortium of international lenders, strengthening its capacity to fund operations...

Mobile Technology to Contribute $290 Billion to Africa’s Economy by 2030, GSMA Says

Mobile technologies and services are projected to contribute $290 billion to Africa’s economy by 2030, underscoring the sector’s growing role as a catalyst for...

Scientists Identify Climate-Resilient Coral Reefs Offering Hope for Ocean Conservation

Scientists have identified approximately 166,000 square kilometres (64,000 square miles) of coral reefs worldwide that could withstand the impacts of climate change, a breakthrough...

World’s 500 Richest Individuals Add Record $336 Billion in Single-Day Wealth Surge

The world’s 500 wealthiest individuals recorded the largest single-day increase in personal wealth ever tracked, adding a combined $336 billion as global equity markets...

India’s Pharma Billionaire Targets Global Leadership in Insulin Market as Industry Rivals Shift Focus

Indian pharmaceutical billionaire Kiran Mazumdar-Shaw is positioning her company, Biocon, to become the world’s leading insulin supplier as major global drugmakers increasingly redirect investment...

India’s Prestige Denim Invests $20 Million in Egypt as Textile Manufacturing Boom Accelerates

Indian textile manufacturer Prestige Denim Mills will invest $20 million in a new denim fabric production facility in Egypt, reinforcing the country’s emergence as...

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