UK to enter recession after GDP slumps by 21%
The first quarter saw a decline in the economy by 2.2 %
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Saudi company Elm to acquire Tabadul for an undisclosed amount
As a part of the deal, Elm will acquire 100 % shares of the digital services company
Beike to raise $2 billion for its US IPO debut
Beike would be valued at the top of its IPO range at about $21 bn based on the outstanding Class A and Class B shares
Access Bank takes over Namibian firm Cavmont Capital
As a part of the agreement, Capricorn will inject $300 million into Access Bank as a re-investment
Glencore scraps dividend after recording Q1 loss
The company has faced debt worth $3.2 billion due to the pandemic
ICON Corporate Finance becomes lead advisor for Africa fintech deal
The deal is expected to boost Africa's mobile money development as it still lacks access to payment apps
Oman, Tethys Oil ink exploration and production deal
Tethys Oil will carry out exploration in southern Oman
MTN seeks to foray into Africa by ending its Middle Eastern operations
Currently, there are 257 MTN million customers in 21 countries
England’s economic revival will take time: BoE
A 9.5 percent plunge in the economy is expected this year
HSBC slashes bonus pool by $600 million in Q1
The bonus pool shrank despite a 55 percent surge in the bank’s second quarter revenue