Stories tagged “Investment.”
30 stories
African companies investing in France: South African pharma Aspen [1/5]
South African pharmaceutical giant Aspen has invested over 200 million euros in France, making its Norman factory a key European production site for injectable anticoagulants and syringes. This investment challenges the perception of African companies primarily seeking ai…
Canada-Africa Summit: Lawal, Sani, others to represent Nigeria in Toronto
Zamfara State Governor Dauda Lawal, some other state governors, and the President's Chief of Staff will represent Nigeria at the Canada–Africa Summit on digital rails and inclusive growth.
What Does It Take to Reopen a Nuclear Power Plant?
The article discusses the challenges of reopening a nuclear power plant, including the need for significant investment and the potential risks associated with nuclear energy. It also touches on the role of nuclear power in the global energy mix and the impact of the curre…
Pakistan's vast mineral resources have the potential to attract advanced technologies, diversify exports, and generate substantial employment, provided they are managed as long-term national assets through transparent and well-regulated investment policies.
Europe Bets Billions on North Africa’s Clean Energy Potential
Europe is investing billions in North Africa's clean energy sector, particularly in green hydrogen and renewable electricity, to enhance its energy security and diversify away from Russian fossil fuels.
Fifa reversed plans to sell a minority stake in the World Cup to tech investors led by Thrive Eternal, a spin-off of AI-focused Thrive Capital, after facing fierce opposition. The investment group believed sports, particularly football, are 'AI-proof' due to their unique …
Africa: Africa Has Ideas - What It Lacks Is a Fair Hearing from Global Capital
Africa possesses abundant ideas and entrepreneurial energy but struggles to attract global capital due to pervasive perceptions of high risk, leading to inflated borrowing costs for viable projects.
Iran's Deputy Minister of Industry, Mining and Trade emphasized the necessity of elevating Iran-China economic relations. The two countries are set to sign a revised commercial agreement and develop strategic partnerships, joint investment, and value chains.
SK Hynix plans a $38 billion expansion of its chipmaking facilities in South Korea to double production capacity and address global AI memory chip shortages. This investment includes new DRAM and NAND plants in Yongin and Cheongju.
The State Bank of Pakistan (SBP) has issued new directives for commercial banks, requiring them to settle Premium Prize Bonds (PPB) sale transactions on the same day. This aims to improve operational efficiency across the sector.
Bitcoin ETF inflows surge after Coldcard hack, but link is unclear: Bloomberg analyst. Demand for US spot Bitcoin exchange-traded funds (ETFs) has accelerated over the past week, with a string of daily inflows coinciding with the Coldcard wallet exploit.
Telangana Chief Minister Revanth Reddy met with US Ambassador to India Sergio Gor in New Delhi to discuss strengthening America-Telangana relations. They discussed issues related to visas, education, employment, investments, technology, and research.
FCT Minister Nyesom Wike declared Abuja open for business, assuring genuine local and foreign investors of protection while vowing action against land speculators and fraudulent developers.
Jigawa State has approved ₦586.26 million for renovating facilities at the Maigatari Border Free Zone and a Government Guest House in Gumel to enhance cross-border trade, investment, and economic activities, particularly with Niger Republic.
A 25-year-old 'AI stock god' has lost $450 billion in a matter of weeks, prompting him to issue an apology before his wedding. The young investor, Leopold Aschenbrenner, had been managing a $450 billion fund that had seen a 439% return in the first half of the year. Howev…
The assets of the Wuhan Green Land Center hotel will be auctioned off on August 31, 2026, with a starting price of 9.666 billion yuan. The assets include the negative floor, 87th to 97th floors of the hotel, and have a total area of 51,400.67 square meters.
Turkey has been upgraded to Asean dialogue partner status, marking its bid to position itself as a middle power. The upgrade breaks a moratorium in place since the UK's admission in 2021.
Enugu launches ETTW TV to showcase investment opportunities
Enugu State has launched "Enugu to the World (ETTW) TV," a weekly program designed to highlight the state's ongoing transformation, emerging investment opportunities, and the policies driving its development.
Vice President Kashim Shettima, WTO Director-General Ngozi Okonjo-Iweala, and Prof. Patrick Lumumba have arrived in Asaba for the Delta State Economic and Investment Summit.
Pakistan's imports from the US recorded a 39% increase during FY2025-26, reaching $3.27 billion, driven by stronger trade activity and expanding economic cooperation between the two countries.
Marks & Spencer is unveiling a major revamp of its Oxford Street Pantheon store, serving as a blueprint for a £700m investment strategy aimed at modernizing its 200+ large stores and online experience.
Peru's new foreign minister eyes stronger US ties as Fujimori takes office
Peru's new foreign minister, Carlos Espa, has expressed his intention to deepen the country's relations with the US, which he sees as a 'strategic partner'. He also plans to work on restoring diplomatic ties with Mexico and Colombia, and rebuilding relations with Venezuela.
A US hedge fund, Situational Awareness, which heavily bet on AI, collapsed after its portfolio plummeted 67% in July, forcing it to offload shares at a steep discount. This event serves as a warning to Chinese investors about the risks of leverage and blindly chasing hot …
Shell Sells Cyprus Gas Stake to MOL for $720 Million
Shell has sold its stake in the Cyprus gas project to MOL for $720 million. The deal marks a significant shift in the global energy landscape, with Shell exiting the project and MOL taking over.
Ken Griffin’s Citadel reportedly acquired a significant portion of Situational Awareness's public stock portfolio following heavy losses suffered by the AI-focused hedge fund during a July market rout.
Chinese social media platform RedNote (Xiaohongshu) plans a US$2.2 billion data center in Inner Mongolia, aligning with China's national push for AI infrastructure.
‘FG, Rivers tourism MoU, step towards sustainable investments’
The Nigerian Federal Government and Rivers State have signed a Memorandum of Understanding (MoU) to develop culture, tourism, and the creative economy in the oil-rich state. This partnership is hailed as a crucial step towards attracting sustainable investments and boosti…
Japanese game developer Gumi has launched a 3 billion yen crypto asset fund with SBI Financial Services and backing from Daiwa Securities Group and other investors. The fund will invest primarily in Bitcoin and major altcoins, using staking, portfolio rebalancing and hedg…
Cool Japan Fund Headed for the Deep Freeze
The Cool Japan Fund, a public-private entity established in 2013 to support the overseas expansion of Japanese contents and products, is facing massive losses exceeding 50 billion yen. The fund's flawed strategy and implementation have led to the failure of several ventur…
FIFA plans to create a $20 billion subsidiary to run the World Cup and its other events, offering stakes of up to 20 per cent in FIFA Forward Enterprise to external investors.