Random News

eriinfo

Tag: expansion

Africa: AFC, Firm to Invest 0m in WIOCC Group for Infrastructure Expansion Across Africa

Africa: AFC, Firm to Invest $300m in WIOCC Group for Infrastructure Expansion Across Africa

eriinfo.com03 mins

WIOCC Group, Africa’s leading carrier-neutral digital infrastructure platform, has signed a Shareholder Subscription Agreement (SSA) with Africa Finance Corporation (AFC) and Vision International Investment Company (Vision Invest), through which the two investors will make a combined $300 million investment in the company. Signed at the LEAP 2026 Global Technology exhibition in Riyadh, the agreement represents…

Read More
Shoprite targets informal retail with fintech expansion

Shoprite targets informal retail with fintech expansion

eriinfo.com06 mins

Shoprite’s trading profit increased 8.4% to R16.2 billion, while gross profit rose 8.1% to R66.5 billion for the 52 weeks ended 28 June. Shoprite has expanded its push into South Africa’s informal economy and digital financial services after finalising the acquisition of an initial 51% stake in R&A Cellular. According to the retail group’s latest…

Read More
Yellow Card Secures Million in Strategic Equity Funding to Further Global Expansion

Yellow Card Secures $40 Million in Strategic Equity Funding to Further Global Expansion

eriinfo.com05 mins

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…

Read More
Africa: AFC, Firm to Invest 0m in WIOCC Group for Infrastructure Expansion Across Africa

Africa: Spiro Secures $270m Funding to Accelerate Africa’s Electric Mobility, Clean Energy Expansion

eriinfo.com04 mins

Spiro, one of Africa’s leading electric vehicle (EV) and clean energy infrastructure platform, has announced the successful completion of its latest funding round, raising $270 million to support the expansion of its e-mobility and energy ecosystem across the continent. The milestone follows the closure of a $55 million investment from NewTrails Capital, a Chinese growth-stage…

Read More
Africa’s growing demand for aquatic foods creates a supply gap that sustainable aquaculture expansion could help close

Africa’s growing demand for aquatic foods creates a supply gap that sustainable aquaculture expansion could help close

eriinfo.com08 mins

Africa’s growing demand for aquatic foods creates a supply gap that sustainable aquaculture expansion could help close INFOGRAPHIC/AEN. By PATRICK MAYOYO The 2026 edition of The State of World Fisheries and Aquaculture, launched on Tuesday by the Food and Agriculture Organization of the United Nations (FAO) during the Our Ocean Conference in Mombasa, Kenya, finds that global production of…

Read More
Africa: AFC, Firm to Invest 0m in WIOCC Group for Infrastructure Expansion Across Africa

Africa: The Desmond Tutu Programme to End Global Hunger Celebrates Expansion

eriinfo.com010 mins

On Friday, 15 May 2026, faith leaders, humanitarian partners, Rotary International representatives, municipal and provincial dignitaries, community leaders and international guests gathered at the former home of Archbishop Desmond Tutu in Soweto, Johannesburg, to celebrate the continued expansion of the Desmond Tutu Programme to End Global Hunger. The programme is a global humanitarian and climate-smart…

Read More
Zoom stock surges 18% as corporate expansion and AI fuel growth

Zoom stock surges 18% as corporate expansion and AI fuel growth

eriinfo.com04 mins

Shares of Zoom Video Communications Inc. skyrocketed as much as 18% on Friday, marking the company’s largest intraday gain since September 2020. The stock rally followed a stronger-than-anticipated sales forecast, signalling that the videoconferencing pioneer is successfully convincing enterprise clients to pay for its broader ecosystem of workplace productivity tools. Read: Google says Gemini Omni…

Read More