Business
Africa Feed & Food has announced the signing of an investment agreement with RNAF III, a North African fund managed by RMBV, and Proparco, the private sector arm of the Agence Française de Développement. The deal involves a joint minority stake acquisition worth 850 million dirhams......
India’s market regulator has initiated a preliminary review of former HDFC Bank chairman Atanu Chakraborty’s resignation letter to assess potential violations of rules governing directors of listed companies, according to sources familiar with the matter. In his letter, Chakraborty cited......
China has expressed its willingness to address trade and economic issues with the Netherlands through dialogue, Wang Wentao said while meeting his Dutch counterpart on the sidelines of a WTO conference in Cameroon. The discussions included bilateral cooperation in the semiconductor sector and matters......
Co-op, which operates grocery stores and other businesses across United Kingdom, has warned that ongoing geopolitical instability stemming from the Iran conflict is expected to weaken consumer confidence in 2026. The cooperative, owned by its 6.2 million members and operating more than 2,500 outlets,......
German consumer goods giant Henkel has reached an agreement to acquire hair care brand Olaplex in a deal valued at approximately $1.4 billion, marking a significant move in the global beauty industry. The acquisition reflects Henkel’s strategy to strengthen its position in the premium hair care......
Lesieur Cristal named Karim Manssour-Dahbi as its new director general, effective March 25, 2026. He replaces Peter Tagge, whose term ended on March 24, 2026. A graduate of École Centrale de Paris with an engineering background, Manssour-Dahbi brings over 35 years of experience. He has held leadership......
BNP Paribas has taken a significant step toward exiting Morocco, reclassifying its subsidiary BMCI and related entities as assets held for sale in its 2025 annual financial report. The move follows the opening of exclusive talks with Moroccan conglomerate Holmarcom over the sale of BNP Paribas's......
A vessel broadcasting the identity of a scrapped liquefied natural gas carrier crossed the Strait of Hormuz on March 20, becoming the first known zombie ship to use such a tactic in the contested waterway since the Middle East war began, Bloomberg first reported. Days later, a second zombie tanker followed,......
MEGA V STORES Morocco, a subsidiary of Retail Holding Group and a major player in specialized retail distribution in Morocco for nearly two decades, has announced the launch of its own proprietary brand: Brands & Corners. The rebrand marks a strategic turning point for the company, translating twenty......
Attijariwafa Bank, Morocco's largest financial institution and one of Africa's biggest lenders, is exploring an equity investment in Paris-based artificial intelligence startup Mistral AI, according to Africa Intelligence. The bank, controlled by Al Mada, the holding company of Morocco's......
China Eastern Airlines announced on Wednesday that it has signed a contract with Airbus to purchase 101 A320NEO aircraft, according to a filing with the Shanghai Stock Exchange. The total list price for the order is approximately $15.8 billion. The aircraft are scheduled to be delivered in batches between......
Enterprise software stocks fell sharply on Tuesday after a report by The Information revealed that Amazon Web Services is developing AI agents to automate functions across its sales, business development, and technical specialist teams. The disclosure reignited investor fears that autonomous AI agents......
Telecommunications group Airtel Africa has announced a leadership transition, with Gopal Vittal set to become the company’s new chair. He will succeed Sunil Bharti Mittal, who is expected to step down from the role in July. The appointment marks a strategic shift for the London-listed company......
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