Africa in Business: Biden, Binance and BHP
STORY: Here's what's been making the business headlines in sub-Saharan Africa this week.
1. Kenya's President William Ruto was hosted by U.S. President Joe Biden in Washington where the leaders announced new U.S.-backed investments in green energy and health manufacturing.
They also presented a detailed plan to cut Kenya's high debt load, much of which is owed to China.
[President William Ruto] "...to the enduring bonds of friendship, partnership and solidarity between Kenya and the United States."
2. Staying with Kenya, Microsoft is partnering with UAE-based AI firm G42 to invest $1 billion in a data center in the country, the companies said on Wednesday (May 22).
That's as a part of Microsoft's efforts to expand cloud-computing services in East Africa.
3. Ghana has agreed a memorandum of understanding with its bilateral creditors, including China and France, to restructure $5.4 billion of debt, two government sources said on Friday (May 24).
That paves the way for the executive board of the International Monetary Fund to approve the disbursement of $360 million under Ghana's $3 billion, three-year bailout program, one-and-a-half years after the West African country defaulted.
4. A Nigerian court has adjourned a money laundering trial against cryptocurrency exchange Binance and two of its executives because one of the defendants was not well enough to stand trial.
All the defendants have pleaded not guilty.
Nigeria blamed Binance for its currency woes. That's after cryptocurrency websites became the platforms of choice for trading the naira as the country grappled with chronic dollar shortages and the currency fell to a record low.
5. And finally, shares in BHP Group fell 3% on Thursday (May 23), a day after smaller rival Anglo American rejected a third takeover proposal.
The offer remained conditional on London-listed Anglo unbundling its platinum and iron ore assets in South Africa.
The Australian miner now has until May 29 to make a binding offer for Anglo, or be forced to walk away for six month's under UK takeover rules.
That deadline coincides with general elections in South Africa, where Anglo was formed and is still of significant national importance.
相關影片推薦
1:52
義大利絕美「眾神之路」中世紀牧人小徑變身熱門景點Yahoo奇摩(國際通)39,740 次觀看・1 天前1:57
南投竹山26戶別墅地層下陷 53住戶連夜撤離民視影音11,387 次觀看・15 小時前1:59
仁武豪華別墅地下室滅頂 居民矛頭指向市府重劃工程民視影音56,158 次觀看・15 小時前2:43
只差3秒! 蘇花工程人員逃命畫面曝光 倒車逃險遭埋華視影音87,576 次觀看・20 小時前1:47
台南新營區"後鎮排水"潰堤 鹽水區淹成汪洋民視影音187,273 次觀看・21 小時前1:58
鼓山美術館豪宅區淹大水 整片"土黃泥流"損失慘民視影音122,578 次觀看・1 天前1:58
新北送高雄1146元外送單是真的! 外送員現身東森新聞影音416,576 次觀看・3 天前11:02
地震來了怎麼辦?豆腐別再涼拌了,教你新吃法,做法簡單味道足,加上杏鮑菇,香!芭樂媽的家 Qistin Wong TV72,462 次觀看・5 天前10:59
如何把剩飯變好吃?加上小黃瓜,不油炸不燉煮,出鍋孩子搶著吃,香!芭樂媽的家 Qistin Wong TV21,325 次觀看・5 天前1:51
二度訪美! 盧秀燕強調自費 綠批:僑民比市民重要?民視影音2,537 次觀看・9 小時前
熱門必看
13:07
葉全真不愛邀人作客竟是因為這點?唐老師:「好典型的處女座」!Ep.225-2唐綺陽談星室374,440 次觀看・3 週前24:06
霸氣挑戰南部小吃價格 吃到賺到!板橋10樣親民價美食Yahoo創作摩人134,289 次觀看・1 個月前23:55
吃爆三峽老街美食|九間就被擊垮了|最道地金牛角竟是這家?|阿環格格出遊去 Ft.阿環小姐 [送你營養吃]黃君聖Sunny營養師154,058 次觀看・1 個月前21:58
瀕臨破產到全球市值最強!輝達(Nvidia)是怎麼崛起的?買他們股票的都賺翻了?《 時代的巨人》EP 021|志祺七七志祺七七 X 圖文不符202,001 次觀看・1 個月前6:30
台中南屯|百年秘方汕頭火鍋Lee Yi李易42,072 次觀看・1 個月前