At the close of an international conference in Paris on the Great Lakes region, French President Emmanuel Macron has announced that €1.5 billion has been pledged in aid. Meanwhile the airport in Goma, in the Democratic Republic of Congo, will reopen to humanitarian flights. Millions of people are facing hunger in the DRC, which has…
Luanda, Angola — 29 October 2025 The Alliance of African Multilateral Financial Institutions (AAMFI) and the African Union Development Agency-NEPAD (AUDA-NEPAD) have jointly announced the establishment of the AAMFI Infrastructure Financing Facility for African Union Development projects, a major initiative to accelerate infrastructure development across Africa. The announcement was made during the Luanda Infrastructure Financing…
A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June 14, 2024. Henry Romero | Reuters HSBC said on Monday that it will recognize a provision of $1.1 billion in its third quarter results following a court ruling in Luxembourg related to the Bernard Madoff…
Carles Reina, GTM manager at Eleven Labs, shared why he invested in AI company. Eleven Labs The angel investor who backed a billion-dollar AI startup when it was still in its infancy said he decided to invest in the company after just 30 minutes of meeting one of its founders. Carles Reina first decided to…
In recent years, Africa has emerged as one of the world’s most dynamic tech frontiers. From fintech innovation to esports expansion, digital adoption is reshaping how people spend, earn, and interact. Sports betting, sitting at the intersection of culture, entertainment, and finance, now stands as one of the clearest reflections of that change. Africa’s betting…
JPMorgan Chase on Monday said it is launching a decade-long plan to help finance and take direct stakes in companies it considers crucial to U.S. interests. The bank said in a statement it would invest up to $10 billion into companies in four areas: defense and aerospace, “frontier” technologies including AI and quantum computing, energy…
Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | Reuters Hang Seng Bank shares jumped 29.5% Thursday after parent HSBC announced plans to take it private, valuing the lender at more than 290 billion Hong Kong dollars (over $37 billion). HSBC, Europe’s largest lender,…
Starlink, the satellite internet division of SpaceX, has affirmed its commitment to launching in South Africa, announcing plans to spend R2.5 billion on local infrastructure and pledging compliance with Black Economic Empowerment (BEE) legislation. Read: Sony ULT Field 5 Review: ULTimately Based Ryan Goodnight, Senior Director of Market Access at SpaceX, delivered the update at…
Africa’s fastest-growing but least-served online markets are set to gain more affordable, reliable, and higher-speed internet access through a partnership between Raxio Group, the continent’s most expansive data centre operator, and Laser Light Africa, the regional unit of the U.S.-based operator of one of the world’s most advanced integrated digital networks. The landmark agreement pairs…
Amazon will pay $2.5 billion to settle Federal Trade Commission allegations that the company duped users into paying for Prime memberships, the regulatory agency announced Thursday. The surprise settlement comes as Amazon and the FTC were just three days into the trial in a Seattle federal court. Opening arguments in the case occurred Tuesday, but…
