Business
HSBC Splits Bank Between East and West in Major Overhaul
HSBC's new boss has announced a major overhaul of the bank's structure, splitting geographically into eastern and western markets amid...
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Rwanda’s E-Mobility Provider IZI Secures $222,000 to Expand Electric Bus Fleet
Rwanda’s electric mobility sector is set for further growth as e-mobility provider IZI secures $222,000 in funding to expand its...
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Zimbabwe Enforces Use of PoS Machines to Combat Unfair Trade Practices
In a move aimed at curbing unfair business practices and protecting consumer rights, Zimbabwe has mandated the use of Point-of-Sale...
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Starboard Goes After Pfizer Over $20 Billion Value Destruction
Starboard Value LP Chief Executive Officer Jeffrey Smith said there has been at least $20 billion in value destruction at...
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Jeff Bezos-Backed Initiative to Tackle Nigeria’s Energy Crisis with Solar Mini-Grids
In an effort to address Nigeria’s persistent energy challenges, a Jeff Bezos-backed group is advancing plans to deploy solar-powered mini-grids...
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Elon Musk Faces Lawsuit Over Alleged AI Use of Blade Runner Imagery at Tesla Event
Tesla CEO Elon Musk is facing legal action after being accused of using AI-generated imagery resembling scenes from the movie...
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Okra Ventures into Cloud Services with Nebula, Challenging Global Cloud Giants in Nigeria
Okra, a Nigerian open-banking startup, has officially launched Nebula, its new cloud infrastructure service, entering a growing local cloud provider...
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Nigeria Greenlights Exxon’s Onshore Asset Sale to Seplat
The Nigerian government has officially approved the sale of Exxon Mobil Corp.’s oil and gas assets to local energy firm...
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Prosus to Boost E-Commerce Profit to $400 Million for 2025
Prosus NV plans to deliver $400 million in adjusted earnings before interest and tax from its ecommerce operations in the...
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UBS sells its 50% stake in Swisscard to American Express
UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen...
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