-
Grab Targets Q2 Deal for Indonesia’s GoTo Acquisition
•
The U.S.-based company Grab, which operates in ride-sharing and food delivery sectors, plans to acquire its smaller competitor GoTo from Indonesia in the second quarter, according to two sources familiar with the situation. The Singapore-based company Grab has enlisted advisers for the potential transaction, according to two sources who also mentioned that the agreement…
-
Book Review: Turn Leaves into Gold – Secrets to Making Money Grow on Trees
•
Tendai M. Shaba’s “How to Make Money Grow on Trees” serves as a personal finance and investment handbook, specifically designed for the economic landscape of Malawi but also tackling wider African issues. Shaba, a writer from Malawi who has studied business administration, applies his education to explain financial ideas in a straightforward and understandable…
-
GIP and Maagrace Join Forces to Supercharge the Garment Industry
•
…this investment will create more than 1,000 new jobs. Growth Investment Partners (GIP) Ghana Ltd., a venture initiated by British International Investment (BII), has declared an investment in Maagrace Garments Industries Limited (MGIL), which is a prominent player in Ghana’s garment production sector. This funding will support the establishment of a new manufacturing plant…
-
Book Review: Turn Leaves into Gold – Secrets to Making Money Grow on Trees
•
Tendai M. Shaba’s “How to Make Money Grow on Trees” serves as a financial guide focused on personal finance and investments, specifically designed for the economic landscape of Malawi but also tackling wider African issues. Shaba, a writer from Malawi who has studied business administration, applies his knowledge to explain financial ideas in a…
-
Perseus Mining Transfers GH₵73M Dividend to State: International Edition
•
Perseus Mining (Ghana) Limited has paid a dividend of GH₵73.5million – approximately US$5million –\xa0 to government for the 2024 financial year. Perseus declared a total dividend of US$50million for the 2024 financial year. The state has a 10 percent carried interest through the Ministry of Lands and Natural Resources. Speaking during the presentation of…
-
Singapore’s Top 6 Under-50 Billionaires Amass Nearly $20 Billion
•
Out of Singapore’s 49 billionaires, only six are below 50 years old; however, these individuals cumulatively possess $19.8 billion in wealth, as per Forbes’ 2025 rankings. Kishin RK, 41 Kishin RK, the founder and CEO of property developer RB Capital. The photo is provided courtesy of the World Economic Forum. Kishin RK, the lone…
-
Survey Reveals: European Companies in China Show Waning Business Confidence
•
The president of the chamber of commerce states that companies have managed to reduce the immediate effects of heightened tariffs. Although European firms report that the immediate effect of the U.S.-China trade dispute on their activities in China has been fairly minimal, they express lesser optimism regarding near-future business prospects, as indicated by a…
-
Luxury Brands in China Cut Discounts to Restore Value
•
Balenciaga, Versace, Valentino, and their contemporaries are shifting strategies to highlight exclusivity and draw steady expenditures from affluent customers. Several high-end brands are reducing deep discounts in China with the aim of restoring their exclusive image to attract affluent customers whose purchasing power remains less affected by economic downturns. None of the items offered…
-
Real Estate Firm Sees Revenue Soar to ₦554M: International Edition
•
SFS Real Estate Investment Trust has announced an expansion for the fiscal year 2024, showing a significant rise of 50.26 percent in net income, amounting to N477.09 million. On Tuesday, the company released a statement attributing this performance to consistent rental revenue, well-executed asset sales, and earnings from interests. The REIT’s gross income rose…
-
PWAN Rejects SEC’s Ponzi Scheme Allegations
•
The management of PWAN Group has denied allegations by the Securities and Exchange Commission that its real estate buy-back transactions bear the characteristics of a Ponzi scheme. In a statement provided to our correspondent by the firm on Thursday, PWAN characterized the SEC’s stance as “incorrect and deceptive,” underscoring that their project constitutes a…