Africa is working on a credit rating agency to be launched by the end of 2024…
Category: Global Business News
Ethiopia faces tough devaluation decision to secure IMF bailout
Ethiopia may have to decide on a big currency devaluation sooner rather than later to secure…
Germany’s Lufthansa suspends flights to and from Tehran amid Middle East crisis
Germany’s Lufthansa said on Wednesday it suspended flights to and from Tehran from April 6 until probably April 11, “due to the current situation in…
When are those rate cuts coming, already? The European Central Bank may be providing some hints
The European Central Bank will likely use its Thursday meeting as a prelude to a first…
Zimbabwe’s new gold-backed currency starts trading
Zimbabwe’s gold-backed currency started trading on Monday following the announcement of the new currency by the…
China’s Xiaomi joins the crowded EV race with ‘dream car’ to take on Tesla
Xiaomi is scheduled to formally launch its much-anticipated electric car — the new Speed Ultra 7…
BlackRock: Here’s What To Know About The World’s Largest Asset Manager
The name BlackRock has been tossed around in Kenyan business circles in the last few days…
Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic
For the first time in almost 30 years, part of Donald Trump’s business empire has gone…
BYD’s profit soared 80% in the year the Chinese EV giant overtook Tesla
BYD reported a jump of more than 80% in profit in its first set of annual…
Ethiopian Bank’s Technical Glitch Lets Customers Withdraw Millions
The largest commercial bank in Ethiopia is working urgently to recover substantial amounts of money withdrawn…