Diageo sells East African Breweries to Japan’s Asahi Group Holdings for $2.3bn
Johnnie Walker owner Diageo has agreed to sell its controlling stake in East African Breweries...
Companies & Earnings
MTN’s MoMo Payment Patners with Singapore Based Firm Thunes, for Diaspora Remittances
MoMo Payment Service Bank, MTN Nigeria’s fintech arm, has partnered with Thunes, a Singapore-based cross-border payments...
Netflix acquires Warner Bros studios in $82.7 billion deal
Netflix has announced entering agreement to acquire Warner Bros. from Warner Bros. Discovery in a deal valued...
Dangote Sugar CEO resigns, South African National Takes over
Dangote Sugar Refinery Plc has announced the resignation of Ravindra Singhvi, its group managing director...
Bangladesh in fiscal mess due to massive debt burden
Bangladesh’s public finances are in a precarious position due to huge interest payments and repayment...
Metrofile exits the Johannesburg Stock exchange in $80 million buyout deal
Metrofile, South Africa’s information and records management company, is delisting from the Johannesburg Stock Exchange (JSE). On...
Nestlé cuts 16,000 jobs amid $1bn savings plan
Sparks questions about impact on African operations Food and beverage giant Nestlé has announced plans to...
India’s Richest Man Shakes up Cola brands
India’s cola wars has become fiesty with the revival of homegrown brand Campa Cola by...
GTBank Boosts Capital to ₦365.85 Billion: Capital Injection Explained
Guaranty Trust Holding Company Plc (GTCO), has injected ₦365.85 billion ($236 million) into GTBank, its...
Kenya’s eBee lays off employees across all departments
It’s been a rough year for Kenya’s eBee Africa. From the sudden exit of its CEO and...