Polestar is the most recent manufacturer of electric vehicles to go public via a special purpose acquisition company, or SPAC, as its shares made their hit the stock market on Friday ...
A $790,000 seed fundraising round from Founders Factory Africa and other angel investor organizations has been finalized by Winich Farms, a top producer of food solutions and a supplier of inventor...
Virgin Galactic, a service provider of space tourism, revealed on Wednesday that it has reached an agreement with Aurora Flight Sciences, a Boeing subsidiary to construct two more carrier...
Kenya's Asset Recovery Agency (ARA) received a court order to freeze 56 bank accounts on Wednesday. These accounts were used by 7 firms to launder Ksh7 billion ($59.2 million). The businesses inc...
A portion of the $1 billion loan Airtel Africa owes to its parent company Bharti Airtel International (Netherlands) B.V. ('BAIN') has been redeemed, according to an announcement from the comp...
Elon Musk has withdrawn his $44 billion offer to purchase Twitter, citing numerous alleged violations of the merger agreement. After the richest person in the world chose to purchase Twitter in...
As the economic rebound gives way to a potential recession, big U.S. banks' second quarter profits are anticipated to decline dramatically from a year earlier on increasing loan loss reserves. ...
Stakefair recently received $670,000 in pre-seed investment and is now prepared for a full-scale roll-out. Adaverse, Nestcoin, Kepple Africa Ventures, Canza Finance, Voltron Capital, Echo VC Cha...
In a statement, Airlift, the second-largest startup in Pakistan, announced its closing and cited the global financial crisis and the weakening of the capital markets as reasons. In Pakistan, wher...
Wells Fargo said on Friday that its second-quarter earnings fell 48% from the same period last year as a result of the bank setting aside money for bad loans and being hurt by decreases in its equ...