Port-Louis, Mauritius — The Mauritius Commercial Bank Limited (MCB) has issued a structured financing package to Invictus Investment Company PLC to support the firm’s expansion across Africa and the Middle East. The facility combines acquisition finance with a revolving credit line, providing Invictus with additional working capital as it scales its agro-food operations. The arrangement…
Addis Ababa — African Union (AU) Commission Chairperson Mahmoud Ali Youssouf on Wednesday expressed deep condolences over the passing of Raila Odinga, former prime minister of Kenya. In a statement, Youssouf said he received the news of Odinga’s death with profound sadness. Speaking on behalf of the AU, its organs, and institutions, he extended his…
Windows 10 has been a trusted operating system for nearly a decade, says Microsoft SA. Microsoft South Africa has urged consumers and businesses still running Windows 10 to begin planning their system transition, as the company prepares to end support for the operating system on 14 October. After that date, Microsoft will no longer provide…
E-commerce turnover is expected to exceed R130 billion by the end of 2025, potentially capturing 10% of SA’s total retail market for the first time. Local remains lekker for South African online shoppers, as Naspers-owned e-commerce group Takealot maintains its grip on the market. This is despite international e-commerce retailers – such as Amazon, Shein…
Addis Ababa — The African Union has extended the deployment of Burundian troops in Somalia by six months to strengthen efforts against al-Shabaab and support state-building, officials said. The decision was made during a virtual meeting of the African Union Peace and Security Council (AUPSC), the bloc’s main security body. Burundi’s forces, originally set to…
The African Union Commission expresses its profound sorrow and deepest condolences to the Government and people of the Republic of India, and to all other nations affected, following the tragic crash of Air India Flight 171 earlier today, which has claimed the lives of at least 204 individuals. On behalf of the Commission and the…
