Business
China’s BYD Overtakes Tesla Revenue for First Time
The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla's for the first time. It posted...
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Nigeria’s Lendsqr Launches $600k Fund to Boost Local Lending Capacity
In a move aimed at empowering local lenders and expanding access to credit, Nigerian fintech startup Lendsqr has rolled out...
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Morocco Invests $36 Million to Transform Rabat into a Leading Gaming Hub
Morocco is gearing up to position Rabat as a major gaming hub, with the government investing $36 million to create...
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Meta Sets Sights on Competing with Google and Bing through New AI-Driven Search Engine
In a bid to disrupt the search engine landscape, Meta is developing an in-house AI-powered search tool, reportedly building a...
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Moniepoint Raises $110M, Hits $1B Valuation to Expand Digital Banking in Africa
Moniepoint, Nigeria’s leading financial ecosystem provider, has raised $110 million in a Series C funding round aimed at accelerating its...
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South Africa’s ‘Pick n Pay’ to Exit Nigeria After Selling 51% Stake in its Joint Venture
South African grocery retailer Pick n Pay is set to exit the Nigerian market by selling its 51% stake in...
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Pick n Pay Set to List Boxer Business in Africa’s Largest IPO of 2024
Pick n Pay Stores Ltd. has announced plans to list its low-cost retail chain, Boxer, on the Johannesburg Stock Exchange...
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Indonesia Blocks iPhone 16 Sales Over Local Investment Rules, Delaying Apple’s Entry into Major Southeast Asian Market
Indonesia has put a hold on Apple Inc.'s plans to sell its latest iPhone 16 models in the country, citing...
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Kenya’s Central Bank Fines UBA Kenya for Falling Below Capital Requirements
The Central Bank of Kenya (CBK) has imposed a fine on UBA Kenya for failing to meet the country's capital...
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Egypt’s Rabbit Mobility Secures $1.3M to Accelerate Expansion Across North Africa
Egypt-based Rabbit Mobility, a micromobility startup, is set for rapid expansion after securing $1.3 million in investment to grow its...
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