Chinese phone maker's $1B IPO points to Africa ambitions
Transsion, the biggest seller of phones in Africa, could raise up to $1 billion via an initial public offering on the Hong Kong Stock Exchange.
Transsion, the biggest seller of phones in Africa, could raise up to $1 billion via an initial public offering on the Hong Kong Stock Exchange.
The UAE said it will invest $1 billion toward AI infrastructure and services across Africa, but the relationship between the two still has a deeply problematic dimension.
Officials say the trip would take around two hours, compared to a 90-minute flight, and services are expected to begin in six years.
A currency exchange affiliated with the UAE supermarket chain LuLu has quickly become a top player in the market, moving $19.7 billion in remittances last year.
The deal will build on the UAE’s more than 30 CEPAs, free-trade-style pacts that incorporate services and other forms of economic cooperation.
Child laborers and other farmworkers in California are being exposed to toxic pesticides, in part because of splintered enforcement of safety regulations.
The head of the International Monetary Fund this week urged Chinese authorities to address the country's economic imbalances.
This story was originally published by Canary Media and is reproduced here as part of the Climate Desk collaboration. David Stevenson stood in a circle of friends and colleagues in an Orlando, Florida, hotel lobby. Everyone but him wore a lapel pin that read “I ♥ Fossil Fuels.”  “You want one?” asked a conference attendee, offering me the […]
Originally focused on serving small companies, Wio Bank is still scaling fast as more firms and customers go digital.