Ethiopia is open to selling off a host of state-owned firms, either partially or entirely, as part of a major economic reform drive designed to “unleash the potential of the private sector”, its information minister said on Wednesday.
Steinhoff extended its “early bird fee” deadline for the second time on Wednesday for creditors to sign a three-year agreement to hold off their debt claims, as the scandal-hit South African retailer battles to stay afloat.
Retail giant, Walmart Inc, said on Tuesday it entered into a strategic partnership with Microsoft Corp for wider use of cloud and artificial intelligence technology, in a sign of major rivals of Amazon.com Inc coming together.
A Kenyan court on Tuesday granted bail to Kenya Power Chief Executive, Ken Tarus, his predecessor, Ben Chumo and other senior managers at the company who are charged with conspiring to commit an economic crime and abuse of office.
Remittances from Egyptians abroad are expected to hit $26 billion for the 2017-18 fiscal year that ended in June, the central bank said late on Tuesday, a nearly 50% jump year-on-year but less than an earlier projection.
Uber Technologies Inc is under investigation by the United States Equal Employment Opportunity Commission for alleged gender discrimination on issues such as pay, according to a source familiar with the matter.