Addis Ababa — The Chairperson of the African Union Commission, Mahmoud Ali Youssouf, and United Nations Secretary-General António Guterres have co-chaired a high-level AU-UN meeting on the margins of the 81st United Nations General Assembly to deepen strategic cooperation, strengthen peace and security frameworks, and advance global financial reforms in support of Africa. According to…
Yellow Card, a leading global stablecoin infrastructure provider, today announced the successful closing of a $40 million strategic funding round, with investment from SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and additional strategic investors. The funding will scale Global USD Accounts, Yellow Card’s end-to-end dollar account for businesses, and expand…
Dangote Petroleum Refinery has raised about $2.5 billion through a private equity placement that was oversubscribed by 3.7 times, with the proceeds to fund expansion and strengthen its capital structure. Dangote Petroleum Refinery and Petrochemicals has raised approximately $2.5 billion in fresh equity after successfully concluding a private placement that was 3.7 times oversubscribed, the…
Shares in KKR, Blackstone and other sector peers tumbled on Wednesday after Switzerland’s Partners Group moved to restrict investor withdrawals from one of its funds, stoking fresh fears over private market valuations. Shares in Carlyle Group and KKR dropped more than 5% and 4%, respectively. Blackstone and Ares Management each slipped around 4%, while Blue…
The Blackstone headquarters in New York, US, on Wednesday, July 17, 2024. Bloomberg | Bloomberg | Getty Images Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10…
Apollo Global Management signage in New York on Dec. 5, 2023. Jeenah Moon | Bloomberg | Getty Images Apollo’s John Zito had a blunt assessment of how private equity firms are valuing their software holdings as shares of comparable public tech companies have plunged: They’re not, he said. Zito, co-president of the firm’s giant asset…
President Bola Tinubu has called for a global framework that benefits communities hosting critical minerals in Nigeria and Africa, ensuring value addition at the source. This is coming just as Nigeria also backed the creation of global ethical standards for Artificial Intelligence, AI, aimed at accelerating development across the world. Tinubu made the call at…
Zhang Lei, founder and chairman of Hillhouse Investment, during the Global Financial Leaders’ Investment Summit in Hong Kong, China, on Wednesday, Nov. 5, 2025. Bloomberg | Getty Images Asia-focused private equity managers are turning more bullish on the world’s second-largest economy, betting on Beijing’s drive for technological self-sufficiency and rapid adoption to deliver the next…
On the third day of the General Assembly’s high-level debate, African leaders delivered a resounding and unified message: the United Nations must undergo meaningful reform, and the global order must be reshaped to ensure fairness, equity, and representation for all nations. The urgency reflects a global reality – that the UN risks losing relevance in…
When seven expectant mothers in Palm Beach County had their babies delivered by midwives at Florida Woman Care, one of the largest female health care operations in the state, the cost should have been at least 20% less than what physicians charge. Instead, Florida Woman Care documents show, the women were all billed at the…
