Canal+ Seals $3 Billion Deal to Take Control of MultiChoice
French media powerhouse Canal+ has finalized a $3 billion takeover of South Africa’s MultiChoice, creating a global entertainment group with a footprint in nearly 70 countries. The deal, recently approved by South Africa’s competition authority, valued MultiChoice at $7.20 per share, making it Canal+’s largest acquisition to date. The move strategically unites Canal+’s strength in French-speaking Africa […]
US Backs Business Investments in Morocco-Controlled Western Sahara
The United States has reaffirmed support for investments in Western Sahara, a territory claimed by Morocco but contested by the Algeria-backed Polisario Front. US Deputy Secretary of State Christopher Landau said Washington would encourage American companies to pursue opportunities across Morocco, including the disputed region, following talks with Morocco’s Foreign Minister Nasser Bourita. Morocco has been developing […]
Kenyan Startup ARC Ride Secures Major Funding for Electric Bike Expansion
Kenyan startup ARC Ride has obtained a $10 million debt investment to expand its innovative battery-swapping network. The funding, provided by Paris-based impact investor Mirova, will fuel a major expansion of the company’s infrastructure across Kenya. ARC Ride’s unique Battery-as-a-Service model allows motorcycle riders to quickly exchange depleted batteries for fully charged ones, cutting vehicle costs, eliminating […]
Interpol Busts 260 Suspects in Pan-African Cybercrime Sweep
A major international police operation has struck a significant blow against cybercrime syndicates across Africa. In a two-week sweep dubbed Operation Contender 3.0, Interpol coordinated raids in 14 countries, leading to the arrest of 260 suspects. The operation targeted sophisticated networks behind romance scams and extortion schemes, which collectively defrauded victims of nearly $2.8 million. Authorities […]
