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Africa50, a Morocco-based investment platform, seeks to raise $500m (R9.36bn) in the first close of its Infrastructure Acceleration Fund that will invest in energy, transportation, telecommunication and water projects.
One of the first places in Asia to reopen its borders during the pandemic, Singapore’s attractiveness to high-net-worth individuals is reflected in rising prices locals now face
Zambia reached an agreement in principle to restructure $6.3bn in debt with bilateral lenders, a French official said at a summit in Paris on Thursday, setting a precedent for countries struggling to service their liabilities.
Volkswagen’s namesake brand plans to deliver a sustained boost in earnings of about €10bn (R197.3bn) in 2026 as part of a plan to lower costs and increase profits as the carmaker transitions to electric cars.
The Foschini Group's turnaround of discount clothing chain Jet is grabbing the attention of a larger rival as competition for the lower end of the market intensifies.