South Africa’s rand weakened to a three-month low against the dollar and yields on benchmark government bonds hit record highs amid a selloff fueled by concern about the country’s fiscal outlook as well as the risk-off mood globally. The rand fell a fourth day on Thursday, its longest streak in six weeks, to its weakest … Read More “Rand slumps, yields at record highs as SA Inc falters” »
Who Really Owns Prime Hydration? Unveiling the Tropical Punch Powerhouse In the ever-evolving world of beverages, one brand has taken the market by storm with its refreshing and functional offerings. Prime Hydration, known for its tropical punch flavor, has gained immense popularity among consumers. With its unique combination of great taste and functionality, Prime Hydration … Read More “Who Owns Prime Hydration?” »
Image Credit: Complete Farmer To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, … Read More “Alitheia, Goodwell, Acumen Funds co-lead Complete Farmer’s pre-Series A” »
Sep 28, 2023 Credit: CGG France-based marine seismic data firm CGG has announced the start of a major new multi-client 3D PSDM reimaging program in the Tano Basin offshore Ivory Coast, in association with the country’s Direction Générale des Hydrocarbures (DGH) and national oil company, PETROCI Holding (PETROCI). CGG said that … Read More “CGG Starts Seismic Reimaging Program in Ivory Coast’s Tano Basin” »
Zuwaira Isah-Ikharo, founder of Amal Botanicals Zuwaira Isah-Ikharo is the founder of Amal Botanicals, a company known for its baby skincare products made from Nigerian-sourced ingredients. Amal derives 80% of its sales from digital channels and has expanded beyond Nigeria’s borders. Isah-Ikharo speaks to Jeanette Clark about how she started the company, growing the business … Read More “Founder takes baby products business from kitchen to global markets” »
South African producer prices rose faster than analysts expected last month on higher food, metals and machinery prices. The annual rate jumped to 4.3% in August — higher than all eight estimates from economists in a Bloomberg survey — from 2.7% in July, according to data published Thursday by Pretoria-based Statistics South Africa. The median … Read More “SA factory inflation quickens on food, machinery costs” »
A Series B funding round has raised $31 million for Farther, as backers including Lightspeed Venture Partners joined existing investors to more than double its valuation to $131 million. For Taylor Matthews and Brad Genser, founders of the wealth management firm which combines expert advisors with cutting-edge technology, the total $53 million that has been … Read More “Farther closes Series B founding round to gain $131M valuation” »
Image Credit: Java House To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, … Read More “Actis said to be exploring sale of Kenya-based Java House” »
African Youth And Distinguished Experts Took Part In Obninsk NEW International Youth Nuclear Forum African Youth And Distinguished Experts Took Part In Obninsk NEW International Youth Nuclear Forum Obninsk NEW International Youth Nuclear Forum arranged with the support of Rosatom took place in Obninsk from September, 21 to September, 23. More than 500 experts, young … Read More “African Youth And Distinguished Experts Took Part In Obninsk NEW International Youth Nuclear Forum” »
Receive free Nigeria updates We’ll send you a myFT Daily Digest email rounding up the latest Nigeria news every morning. Nigeria’s Senate has unanimously approved the appointment of a new central bank governor and four deputies amid a worsening rout of the country’s naira currency against the US dollar. Olayemi Cardoso, a former local executive … Read More “Nigeria’s Senate confirms new central bank governor amid currency rout” »
