Thursday, October 23, 2025
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Business

Amazon clinches deal to buy online retailer Souq.com

Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last minute bid by Dubai billionaire Mohamed Alabbar's Emaar Malls EMAA.DU.

South Africa’s Finance Minister recalled from international roadshow

South African President Jacob Zuma ordered Finance Minister Pravin Gordhan to return from an investor roadshow to Britain and the United States on Monday because he "did not give permission for the trip", a government source said.

Uber suspends self-driving cars after crash

Uber has pulled its self-driving cars from the roads after an accident which left one of the vehicles on its side.

Nigeria’s state oil company to recover $184 million

Nigeria's state oil company said on Friday it was set to recover $184 million in crude oil swap under-deliveries recorded against three oil companies...

Shell sells onshore Gabon oil assets to Carlyle for £470m

Carlyle Group (CG.O) has bought Royal Dutch Shell's (RDSa.L) onshore assets in Gabon for $587 million (470 million pounds) as the world's largest private equity fund expands in the global oil and gas sector.

New report shows millions of Ghanaians are jobless

A Labour Force Survey (LFS) report conducted in 2015 by officials in Ghana showed that over one million Ghanaians above the age of 15 are jobless.

Kenyans to buy government bonds on mobile phones

Kenya has become the first country to exclusively sell government bonds to citizens via their mobile phones, as it seeks new ways of raising money.

Diamond group De Beers buys out retail partner LVMH

Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation.

Uganda seek $500 million loan from China for roads

Uganda says it has asked China for a $500 million loan to help build almost 600 km (360 miles) of roads in the country's oil-rich west, amid criticism over heavy borrowing that has ballooned the country's debt.

South Africa halts some meat imports from Brazil

The government of South Africa has announced it is suspending importation of meat from Brazil over the recent scandal in the South American country's meat processing industry.

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