BUSINESS UPDATES

The United States on Friday partially removed Hong Kong-related sanctions and trade restrictions imposed by President Donald Trump in 2020 over China’s security crackdown

The World Bank Group, through the International Finance Corporation (IFC), has closed its second securitization transaction under the Emerging Markets Securitization Program (EMSP),

It was a whiplash week. Softer U.S. inflation reignited risk appetite, AI earnings hopes pulled $49 billion back into equities, and Bitcoin clawed back toward $65k

This week was a tale of two monetary policies, a mining pivot in Central Africa, and a maturing tech ecosystem. Africa's business story this week is less about hype and more about fundamentals.

Impact investor Acumen has raised an additional $90 million in committed capital for its African agriculture fund, as the vehicle prepares to expand beyond East and West Africa into North Africa

Uber has struck a deal to take control of the African delivery operations of Glovo and Talabat as part of a €14.8bn ($16.9bn) takeover of Germany’s Delivery Hero

The Central Bank of Nigeria (CBN) has launched the FX BDC Purchase Tracker (FXBT) and directed Bureau De Change (BDC) operators to resell any unused foreign exchange purchased

Eli Lilly will acquire psychedelic drugmaker AtaiBeckley for $2.8 billion up front, the company said Thursday, as momentum grows for using versions of the drugs

Former OpenAI exec Ryan Beiermeister has joined Founders Fund as a partner, she announced on Monday. Beiermeister is well-known in Silicon Valley for a number of reasons.

The Corporate Affairs Commission (CAC) has began the process of striking off 100,000 companies from its register over their failure to file outstanding annual returns

Many investors lose money not because the stock market doesn't work, but because they make avoidable mistakes.

Financial technology startup Hurupay is exiting the Kenyan market as local regulators intensify anti-money laundering checks and compliance audits on digital asset platforms.