Africa

Best known as a short seller and the founder of Citron Research, Andrew Left went short on GameStop Corporation (NYSE:GME) in 2021 and again in May 2024. While Left has made money shorting stocks, he often looks for opportunities of stocks that can grow and increase in share price. What Happened:...

Microsoft Corp (NASDAQ:MSFT) has decided to close its engineering center in Nigeria, citing economic challenges as the primary reason. What Happened: Microsoft has announced the closure of its engineering center in Lagos, Nigeria, which was inaugurated in 2022, Bloomberg reported on Wednesday. The...

While wheat and corn have long dominated American plates and agricultural policies, Microsoft co-founder Bill Gates highlighted a lesser-known African grain named Fonio as a transformative food of the future. With its unique set of qualities, Fonio is not just a staple in its native lands but also...

Nadeem Anjarwalla, a senior Binance executive, reportedly fled Nigeria amid charges of tax evasion among other allegations. What Happened: Anjarwalla, who holds dual British and Kenyan citizenship, reportedly made his escape under the guise of attending prayer services, capitalizing on the...

Barrick Gold (NYSE:GOLD) is exploring new ventures in the Democratic Republic of Congo (DRC). The company recently touted success at its Kibali mine, Africa’s largest gold mine, in the latest earnings results. "Kibali has transformed what was previously the disadvantaged north-east region of...

The global chocolate industry is in turmoil as major cocoa plants in Africa, the world’s top producers, are running out of beans, leading to a potential price surge for chocolate consumers worldwide. What Happened: Major cocoa plants in Ivory Coast and Ghana have either halted or reduced...

First Quantum Minerals (OTCPK: FQVLF) is exploring the possibility of selling a minority stake in its Zambian copper operations. Following the recent turmoil in the nickel market, the Vancouver, Canada-based company is consolidating its portfolio and focusing on reopening its key asset in Panama....

TORONTO—Mali remained an exploration focus for B2Gold Corp. (NYSEAMERICAN: BTG) after four workers were killed and three hospitalized in a February attack on a company convoy, the miner's chief financial officer said Monday. The gold mining company on Feb. 15 said three employees died from injuries...

The largest economy in Africa, Nigeria, is grappling with a severe economic crisis, marked by a currency in freefall and inflation rates nearing 30%. What Happened: The Nigerian naira has plummeted to a new all-time low against the U.S. dollar, reaching nearly 1,600 on the official market. This is...

The infamous Russian mercenary group Wagner Group has undergone a significant transformation following the deaths of its founders, Yevgeny Prigozhin and Dmitry Utkin. The group has rebranded itself as Russia’s Africa Corps and is expanding its operations in Africa. What Happened: The Wagner...

Sony Group Corporation (NYSE:SONY) is expanding its gaming footprint by investing in an African gaming startup, Carry1st. What Happened: Sony, the maker of the popular PlayStation gaming console, has made an undisclosed investment in Carry1st, a gaming studio based in Cape Town, South Africa,...

Coinbase Global (NASDAQ: COIN) looks to foray into Africa. What Happened: Coinbase is partnering with the African stablecoin exchange Yellow Card in an effort to expand its product suite in emerging economies. It is looking to start with 20 countries across Africa from February 2024...

Ripple upgraded its payments platform to expand business interests in the U.S. and Africa. Industry titans BlackRock, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO, Northern Trust, Citibank, Amazon,...

Speaking to his supporters in Houston on Thursday, former U.S. President Donald Trump claimed to have invented the term "caravan" amidst his rant over immigrants, especially those from Africa. What Happened: During the event, which was live-streamed by Right...

Mastercard Incorporated (NYSE: MA) and Visa Inc.(NYSE: V) are reportedly investing billions into African companies that have powered a sharp proliferation in e-commerce on the continent.  Africa presents prime grounds for mobile money proliferation, attributed to the...