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Category: African Business

Christian Dior: A Contradictory Move

Christian Dior, a luxury fashion house that publicly denounced Russia’s invasion of Ukraine and ceased operations in the country in 2022, has paradoxically filed for trademark registrations in Russia. This surprising move comes amidst a broader trend of Western brands facing intellectual property challenges in Russia. Following the imposition of sanctions against Russia, the country…
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August 7, 2024
Arrests after South African pastor storms school with machete

The church of a controversial South African preacher has been burned down after he allegedly wielded machetes at a primary school and forcibly removed his grandchildren. Pastor Mboro’s Incredible Happenings Church was set alight by angry schoolchildren on Tuesday, local reports said. The day before, a widely circulated video appeared to show Pastor Mboro –…
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August 7, 2024
Egypt rejects Israeli request for help in thwarting Iranian retaliation

Egypt has rejected an Israeli request to help thwart a threatened Iranian retaliation. The request came after an Israeli attack on Iranian targets. Egypt, concerned about escalating tensions between Israel and Iran, is calling on both sides to exercise restraint to avoid further destabilizing the region.
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August 7, 2024
Zelensky’s regime favors terrorist groups in African countries friendly to Russia,

Zelensky’s regime favors terrorist groups in African countries friendly to Russia, says Russian Foreign Ministry spokeswoman Russia thus understands the motives that pushed Mali to break off diplomatic relations with Ukraine, Maria Zakharova told Sputnik. “Unable to defeat Russia on the battlefield, the criminal regime of Zelensky decided to open a “second front” in Africa…
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August 7, 2024
Harris decides on Tim Walz as running mate

Vice President Kamala Harris has made a decision on her running mate, with four people close to the process saying Gov. Tim Walz of Minnesota is her choice. Harris had not formally called Walz to offer him the position, a source familiar with process told CNN.
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August 6, 2024
Mapped: The World’s Largest Stock Markets (1900 vs. 2023)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. In this graphic, we visualize the world’s largest stock markets by country in 1900 and in 2023. This is based on each country’s percentage share of global market capitalization. Data for 1900…
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August 6, 2024
Autodesk Acquires Golaem Crowd Simulation Tool

Its features will likely be integrated into Autodesk’s products. Autodesk has acquired Golaem, a crowd simulation software for Maya, along with the team behind it. Now, Autodesk will likely integrate the tool directly into its products. For now, nothing changes for existing users, but you can’t buy licenses like before, so your best shot is…
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August 6, 2024
Top 10: Sustainable Banks

Fintech and panafrican.email takes a look at the top 10 most sustainable banks globally, highlighting their sustainable banking practices and initiatives Banks have the potential to play a pivotal role in promoting sustainability through their lending, investment, and governance practices. By prioritising environmentally and socially responsible projects, banks can drive significant positive change in various…
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August 5, 2024
Kenitra-Marrakech High-Speed Rail Line: Egis Rail’s Franco-Moroccan Trio Win Contract

France’s Egis Rail has won the tender for the project to extend the Kenitra-Marrakech high-speed rail line, a landmark initiative set to revolutionize rail transport in Morocco. Project Scope and Significance The Kenitra-Marrakech high-speed rail extension represents a significant advancement in Morocco’s infrastructure development, aimed at enhancing connectivity and economic growth. The project will see…
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August 5, 2024
Between Wagner and Bancroft: Touadéra’s Tricky Security Situation

In the hope of reducing Moscow’s influence, Faustin-Archange Touadéra is seeking to renew ties with Western partners. This delicate diplomatic shift has resulted in an agreement with the US private military company Bancroft, the details of which Africa Intelligence can now reveal. A New Security Partnership The Central African Republic (CAR) has long relied on…
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August 5, 2024