French Schneider Electric mulls €30-million investment in Egypt until 2025

French Schneider Electric company is planning to inject additional €30 million in Egypt until 2025 to boost the production capacity of its electrical panels factory in Badr City, the company’s Northeast Africa and Levant Cluster President Sebastien Riez said in an interview with CNN Business Arabic, ‘Arab Business’ reports. €10 million of the €30 million […]

Namibia’s genocide “from today’s perspective”: opposition demands new deal with Germany

The Namibian opposition has asked Germany for the renegotiation of a controversial genocide deal reached between the two governments last year — this latest move is said to have been prompted by Berlin’s reticence that has led to even more resentment in its former colony. The leader of People’s Democratic Movement (PDM), Namibia’s largest opposition […]

Mastercard ventures into African fintech, snapping up $5.2bn stake in continent’s no.1 telco

Mastercard has acquired a minority stake in the fintech subsidiary of South African telecommunications giant MTN in a deal valued at a whopping $5.2 billion, whereby the partnership will see Africa’s biggest mobile company to strategically leverage the US giant’s technology for its payments and remittance expansion in the continent. By snapping up the minority […]