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Access Bank Acquires African Banking Corporation of Tanzania
2 mn read ccess Bank plans to combine ABCT with the consumer and private banking business of Standard Chartered Bank Tanzania when acquired to create an enlarged entity within the Tanzanian market. Access Bank completed the acquisition of the controlling stake in African Banking Corporation of Tanzania (ABCT), the parent company Access Holdings said on Monday, nearly eleven […]
Egypt stabilizes interest rate for the first time in 2024
< 1 mn read For the first time in 2024, Egypt’s interest rate has stabilized. The Central Bank announced on Monday that the rate is now 27.75%, following two consecutive hikes totaling 800 basis points. Inflation also fell to 28.1% in May, down from 32.5% in April. This stabilization follows the government’s decision to liberalize the Egyptian pound’s exchange […]
Brussels business reps expect coalition with centre-right
< 1 mn read The Association of European Chambers of Commerce and Industry, Eurochambres celebrated that the centre-right has held in the European Parliament after Sunday’s results. Eurochambres say that the implementation of the Parliament’s previous Green Deal was challenging, and now there is a chance to revise it to ensure fairness. CEO of Eurochambres Ben Butters said, “We […]
Ukraine Recovery Conference head resigns in bitter row with Kyiv
< 1 mn read Berlin, the German capital, is gearing up to host the next session of the Ukraine Recovery Conference, making it the first to be held in an EU member state, scheduled for Tuesday to Wednesday. Tensions escalated surrounding the event on Monday when conference chairman Mustafa Nayyem announced his resignation, who cited “systemic obstacles” as the […]
Paris Peace Forum advocates for fair transitions
2 mn read It was at the Mohamed VI Polytechnic University in Benguerir, Morocco, that global governance actors gathered for the Spring Meeting of the Paris Peace Forum. A Paris forum in an African country is not only a first but also a symbol of the common interests between the North and the South, and of Africa’s essential […]
Apple unveils new artificial intelligence features and OpenAI deal
< 1 mn read Apple presented new features on Monday in a bid to join the artificial intelligence (AI) race that will see it bring “Apple Intelligence” to iPad, iPhone and Macs. “We’re thrilled to introduce a new chapter in Apple innovation. Apple Intelligence will transform what users can do with our products – and what our products can […]
At least 41 dead in latest militant attack in the eastern DRC
< 1 mn read The death toll in an attack in the Democratic Republic of Congo (DRC) on Friday by militants and Islamist rebels has risen to at least 41, the government said on Monday. Red Cross volunteers and young people from the village of Masala in the eastern North Kivu province have been searching for bodies since the […]
Volkswagen looks to brighten up electric car sales with solar panels
< 1 mn read Volkswagen is to offer a solar panel deal alongside chargers for its electric cars. The German car maker says that will cut drivers’ costs by some 40% because they will be able to use excess solar energy to recharge their electric vehicles. That figure is based on an estimate from UK energy efficiency organisation the […]
NATO chief to meet with Orbán in surprise Hungary visit
2 mn read NATO Secretary General Jens Stoltenberg is set to visit Budapest this week to meet with Hungarian Prime Minister Viktor Orbán. “It is part of my job as secretary general to see the leaders of NATO countries to make sure we have an agreement,” Stoltenberg explained in Riga at a B9 Summit press conference. “I look […]
Reporters Without Borders Chief Christophe Deloire dies at 53
2 mn read Christophe Deloire, who negotiated to free imprisoned journalists around the world and offered refuge to reporters under threat as the head of media freedom group Reporters Without Borders, died Saturday. He was 53. Deloire had been battling sudden and aggressive cancer and died in Paris surrounded by loved ones, according to board members of Reporters […]