Didi co-founders lose $1.5 bn as global shares plunge
Cheng Wei and Jean Liu lost the massive amount in just two days after Beijing’s crackdown on the company
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Droppa partners with Elite Truck hire to expand service offerings
The partnership comes as a result of increasing national demand
Green finance in the MENA region stands at $6.4 bn in H1 2021
It has already exceeded the total debt issuance from last year
Nigerian neobank FairMoney raises $42 mn to add new products like savings, stock trading, and crypto
The bank aims to provide underbanked people access to digital financial services
Kuwait cancels the $2 bn Jurassic gas project
The move is being made to cut down on the capital expenditure of the hydrocarbon industry and Covid-19 related policy
Emirates Airlines expected to return to full capacity by mid-2022
Airlines head Tim Clark also mentioned that once the pandemic is over, there will be a massive influx of people wanting to travel
Africa Coast to Europe begins internet cable operations in South Africa
The cable interconnects at three data centres of Teraco across South Africa and expands access to broadband connectivity and digital services in the continent.
Mercado Bitcoin raises $200 mn from SoftBank to scale operations
The funds will also be used to expand its product offerings and invest in infrastructure to meet the increasing demand for digital currencies
EDPR purchases China’s 28 MW Trina Solar in Vietnam
The deal marks the entry of EDPR into the Vietnamese market with a value of $36 mn
Islamic finance industry to grow by 10-12% in 2021-2022: S&P Global
The growth is predicted despite some countries‘ GDP growth anticipated to be lower than what had been observed historically