Rwanda diversification model drives Zipline’s expansion plans
The drone delivery company plans to include livestock insemination in its plans to expand across Africa following a successful trial in Rwanda.
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Rwanda secures $250M IMF credit facility
The IMF noted that a prolonged war in the Middle East may jeopardize the country’s resilience.
Gas project forecast to lift Mozambique's economy
ExxonMobil's project could lift Mozambique's economy by more than 4% a year once production starts, estimates Standard Bank.
Abu Dhabi continues to attract startup founders despite war
Organizers feared a subdued annual gathering for Abu Dhabi's seven-year-old entrepreneurial center Hub71; the vibe at the event this week was anything but.
Prewar, Gulf corporate profits were on a tear
The region’s listed companies saw net profits rise 15.5% to a record $67.9 billion in the first quarter, before the beginning of the war in Iran.
Oman pulls in $9B in fresh foreign investment
The country is proving more able than others in the region to handle the disruption caused by the Iran war.
Foxconn to invest in Vietnam green energy
Vietnam imported almost 80% of its oil from Kuwait before the start of the conflict, leaving it hugely vulnerable.
Poorer nations face fertilizer hit as prices soar
Around 30% of global fertilizer supplies flowed through the Strait of Hormuz before the start of the Iran war.
Global wholesale inflation grows amid rising energy costs
China’s factory gate prices rose at the quickest pace since 2022 last month.
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