Billion - eriinfo

Africa

Afreximbank to Avail U.S.$10 Billion Under Its Gulf Crisis Response Programme (Gcrp) to Shield African and Caricom Economies From the Ongoing Conflict

eriinfo.com2 months ago06 mins

To counter the severe economic shocks triggered by the escalating conflict in the Middle East, the Board of Directors of African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impacts of the ongoing Gulf crisis. The conflict, which…

Africa

Africa: Auda-Nepad Secures $1.2 Billion for Infrastructure Financing in Africa

eriinfo.com2 months ago05 mins

Luanda — Around 1.2 billion dollars have already been secured for 13 priority projects in Africa, within the framework of Angola’s leadership in the African Union Development Agency Heads of State Orientation Committee (AUDA-NEPAD). The information was given, on Thursday, in Luanda, by the agency’s executive director, Nardos Bekele-Thomas, at the end of a hearing…

Novartis shells out billion for immunology biotech Excellergy

Novartis shells out $2 billion for immunology biotech Excellergy

eriinfo.com3 months ago06 mins

A sign of Swiss pharmaceutical giant Novartis is seen on the top of a building at Novartis Campus in Basel, northern Switzerland, on Sept. 9, 2025. Fabrice Coffrini | AFP | Getty Images Novartis is planning to buy U.S.-based biotech Excellergy for up to $2 billion, betting on a next-generation allergy treatment that may prove…

Elon Musk Twitter verdict misled investors before billion purchase

Elon Musk Twitter verdict misled investors before $44 billion purchase

eriinfo.com3 months ago06 mins

Elon Musk arrives at federal court on March 4, 2026 in San Francisco, California. Josh Edelson | Getty Images A jury in California found that Elon Musk defrauded Twitter shareholders during the runup to his $44 billion acquisition of the social media company, according to a verdict issued on Friday. Total damages could reach up…

Africa

Africa Urged to Boost Local Livestock Production Amid $10 Billion Import Bill

eriinfo.com3 months ago06 mins

Nakuru — Africa’s heavy reliance on imported livestock products is costing the continent billions of dollars annually, prompting calls for stronger political commitment to enhance local production and regional trade. Despite possessing significant livestock resources, the region imported over $10 billion (KSh1.3 trillion) worth of livestock products last year, while exporting only $3.8 billion (KSh490.2…

Accenture acquires Speedtest and Downdetector in .2 billion deal

Accenture acquires Speedtest and Downdetector in $1.2 billion deal

eriinfo.com4 months ago03 mins

The next time you test your internet speed or check if a service is offline, your data will likely be feeding into a new corporate ecosystem. On Tuesday, media giant Ziff Davis announced the sale of its Connectivity division, which includes the industry-standard Ookla Speedtest and Downdetector platforms, to Accenture for $1.2 billion in cash….

Africa

Afreximbank Raises Caricom Financing Cap to $5 Billion to Accelerate Regional Transformation

eriinfo.com4 months ago07 mins

Afreximbank President, Dr George Elombi addresses the 50th Regular Meeting of the Conference of Heads of Government of the CARICOM in Basseterre, St. Kitts and Nevis Pan African Multilateral Bank, African Export-Import Bank (Afreximbank), has announced a major expansion of its engagement with the Caribbean Community (CARICOM), increasing its regional financing limit from US$3 billion…

Africa: Over a Billion Fear Losing Land and Homes Within Five Years

eriinfo.com4 months ago08 mins

Despite global progress in strengthening land tenure and governance, more than a billion people worldwide – nearly one in four adults – fear they could lose the rights to some or all of their land and housing within the next five years. The finding comes in a UN-backed report that underscores the need for stronger…

Africa

Africa: UN Drug Alert Stops Shipment That Could Have Made 1.6 Billion Lethal Fentanyl Doses

eriinfo.com4 months ago07 mins

An international early warning system blocked a shipment of chemicals used to make fentanyl that could have produced up to 1.6 billion potentially lethal doses, the UN narcotics control body said on Thursday. The interception highlights to vital role of cooperation in tackling the rapidly evolving illegal drugs trade. In its 2025 Annual Report, the…

Africa

Africa: Global Fund Board Welcomes Final Eighth Replenishment Outcome of U.S.$12.64 Billion, Backs Strategic Shifts to Advance Countries’ Path to Self-Reliance

eriinfo.com4 months ago09 mins

Geneva — The Board of the Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund) welcomed the final outcome of the partnership’s Eighth Replenishment – US$12.64 billion – at its 54th meeting on 12-13 February. “This remarkable result, achieved in a challenging global context, reflects the strong support for the Global Fund’s lifesaving…