US injects $100M into Africell to rival Huawei’s African tech stronghold.
To increase American tech presence in a region where China’s Huawei is a major participant, the Trump administration has given a $99.6 million loan to
Tanzania eyes a $42 billion LNG deal and 8,000 MW of power to boost industrialization.
Finance Minister Khamis Mussa Omar said that Tanzania anticipates finalizing agreements on significant investment projects in the upcoming months, including a $42 billion LNG development
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
UK defense goes SpaceX: $40 million invested in Musk’s Starshield network.
Despite growing European worries about reliance on U.S. security infrastructure, Britain has increased its reliance on Elon Musk’s firm for military communications by investing about
Dangote’s Kenyan refinery project faces hurdles, including crude supply and funding.
Billionaire Aliko Dangote is determined to duplicate Africa’s largest oil refinery on the other coast of the continent, less than three years after overcoming rising
GE Aerospace to buy casting maker CPP for nearly $12 billion to boost supply chain.
To improve its supply-chain capabilities, GE Aerospace announced on Tuesday that it would purchase castings manufacturer Consolidated Precision Products from investment firms Warburg Pincus and
China to inject $54 billion into state banks, insurers to boost their capital reserves.
In a concerted effort by Beijing to bolster capital throughout its financial sector, China’s finance ministry will oversee a total of $54 billion in capital
India’s Tata bets big with a $7.4 billion world-class AI data center campus.
A unit of Tata Consultancy Services announced on Saturday that its partners would invest up to 700 billion rupees ($7.41 billion) to construct a 1-gigawatt
TikTok maker ByteDance secures $29.6 billion mega unsecured loan in AI push.
ByteDance secured a $29.6 billion loan from nearly 30 banks on Friday. The Chinese social media giant’s bet on AI development sparked strong interest from
Global political unrest: Dutch central bank moves billions in gold reserves to London.
In what it called “crisis preparedness” during a period of worldwide political turmoil, the Dutch central bank declared on Wednesday that it had transferred billions
Uber Quits Nigeria and Uganda to Pivot to London Autonomous Tech.
Uber Technologies, a ride-hailing company, announced on Wednesday that it will discontinue its 12-year presence in Nigeria, Africa’s most populous country, on September 2. Uber
South Korean FX authorities scoop up $20 billion as SK Hynix repatriates $26.5 billion in listing proceeds.
South Korean foreign exchange authorities purchased roughly $20 billion in US dollars that SK Hynix sold following its $26.5 billion US depositary receipt listing in
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