Dangote goes big in Namibia, planting a $2.5B fuel hub.
Nigerian tycoon Aliko Dangote broke ground on a $2.5 billion fuel storage and regional pipeline venture in Walvis Bay, Namibia, on Wednesday, a development that
Africa’s corporate debt market is marginal in funding the continent’s ambitions, OECD says.
The OECD said on Friday that Africa’s corporate debt markets are well below the size the continent’s economy and rising financing demands call for, with
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
US bank examiners get their first-ever AI rulebook.
New regulatory guidance released Wednesday tells examiners at large banks to keep an eye on how lenders deploy artificial intelligence while folding it into their
Blue sweep: Fresh twist for jittery markets, Iran, AI, and debt worries.
Democrats’ sweeping midterm victory is the newest surprise for markets that are already working through the fallout from the Iran war and an AI boom
Alphabet opens a €6 billion debt sale; will investors bite?
Alphabet, the parent company of Google, sells €6 billion ($6.7 billion) bonds on Monday, testing investor interest following a recent selloff in tech equities and
Retire in Britain? Lifetime income is now the default.
Under plans published on Tuesday, Britain will make a guaranteed income for life the default retirement choice for private sector workers, sparing millions from having
Apollo bets big in Europe with a €10 billion credit platform.
On Monday, Apollo rolled out a European credit platform worth €10 billion ($11.2 billion), designed to capture growing appetite for private funding as the continent
Marvell buys Lumentum for $115 billion, doubling down on AI.
In a $115 billion all-stock deal that includes debt, Marvell Technology is acquiring optical components manufacturer Lumentum. The bespoke chipmaker is competing with larger rival
Africa bankrolls its own $5B energy bank.
Afreximbank on Saturday said the Africa Energy Bank has been legally created by the African Export-Import Bank and the African Petroleum Producers’ Organization. Even while
Nasdaq faces a $2 trillion hit this October as AI doubts grow.
Big Tech earnings have sharpened investor doubts over whether heavy AI spending will pay off fast enough, and the tech-focused Nasdaq 100 is on track
Russia’s nuclear push into Africa: four states, big reactors.
The president of Russian nuclear firm Rosatom stated on Friday that Russia is in talks with four nations on major nuclear projects and is prepared
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