Transsion, the Shenzhen phone maker that conquered Africa's low-end market, is now squeezed by rising memory chip prices. It is leaning on stockpiles, a weak Hong Kong listing and a costly pivot into AI to hold its ground.
Barcelona has received the €10 million due this season from its four-season partnership with the Democratic Republic of Congo, and the sponsor's logo will return to the club's training kit after a brief absence.
Singapore-based Banyan Tree Group has agreed to acquire a majority stake in Newmark Hotels & Reserves, adding seven African countries to its global portfolio. The deal, announced September 17, marks a major step in the luxury hospitality brand's international expansion.
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