Zimbabwe has signed a $455 million, 15-year concession agreement with the Africa-focused unit of India’s Jindal Steel for the refurbishment of the Hwange coal-fired power plant, the country’s energy minister confirmed on Tuesday. The 920-megawatt facility, located in Hwange, is the largest power station in Zimbabwe and a critical component of the nation’s electricity supply….
South African inflation unexpectedly slowed in August, raising the possibility that the South African Reserve Bank (SARB) could cut interest rates when it meets on Thursday. Headline consumer inflation fell to 3.3% year-on-year, down from 3.5% in July, and below the 3.6% forecast by economists surveyed by Reuters. The easing was driven largely by softer…
Guinea is preparing for a referendum on Sunday to approve a new constitution that could permit junta leader Mamady Doumbouya to run for president, a stark reversal of the promise he made when seizing power four years ago. The vote marks the latest development in West and Central Africa’s ongoing political shifts, where eight coups…
African manufacturers are making a final push to convince the U.S. Congress to extend the African Growth and Opportunity Act (AGOA), a duty-free trade program set to expire at the end of September. The initiative, originally passed in 2000 under President Bill Clinton, provides African countries with access to U.S. markets for thousands of products,…
Japan is set to review its undersea cable supply chains to assess potential exposure to Chinese components, following similar actions by the United States. The Japanese government plans to conduct a survey within the current fiscal year, which ends in March 2026, to determine whether domestic companies involved in the installation and maintenance of submarine…
At a recent high-profile summit, China openly challenged Western influence and called for a reshaping of global governance, signaling its ambition to become a world superpower. Central to this strategy are Africa and the Caribbean, regions where China has been steadily expanding its presence for decades. China’s engagement in these regions is not new. In…
Thailand-based property developer Magnolia Quality Development Corp. Ltd. (MQDC) is witnessing increasing interest from international investors in sustainable luxury real estate, particularly projects that prioritize human well-being and environmental stewardship. The company is responding by embedding green design and wellness-focused concepts across its developments. CEO Suttha Ruengchaipaiboon highlighted The Forestias, MQDC’s flagship project in eastern…
Chinese automaker Chery Automobile is set to launch an initial public offering (IPO) in Hong Kong, aiming to raise up to HK$9.15 billion (approximately $1.18 billion USD). This move marks Hong Kong’s largest IPO of 2025 and underscores Chery’s strategic shift towards electric and smart vehicles. The offering includes 297.4 million H-shares priced between HK$27.75…
Manchester United could face a staggering £12 million compensation bill if they dismiss manager Ruben Amorim before November 1, according to reports. The figure reflects a clause in his contract marking the one-year anniversary of his appointment, leaving club chiefs with a costly dilemma amid mounting pressure. Amorim, 40, was unveiled at Old Trafford on…
Vietnamese electric vehicle (EV) manufacturer VinFast is pivoting its focus towards Asia, betting that a strategy honed in its home market can help it break into India and other regional economies after recent challenges in the United States. The company, part of the Vingroup conglomerate, has announced a three-pronged approach aimed at establishing a stronger…
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