Business

Workey secures investment from Falak to launch AI business platform

10/11/2025

Saudi Arabian business solutions provider Workey completed its most recent funding round with Falak Investment Hub, securing capital to deploy the initial version of its platform and develop artificial intelligence-enhanced services for investors. The company currently facilitates digital reservations at more than 200 sites nationwide, providing access to private workspaces, shared offices, corporate headquarters, conference facilities, event venues and verified business service providers alongside support infrastructure for startups and international investors.

The partnership with Falak Investment Hub aims to accelerate expansion within the kingdom’s commercial solutions market while enabling technological advancement across the platform’s offerings. Workey stated the collaboration will strengthen its competitive standing and generate additional opportunities for innovation as it serves the Saudi business community through integrated digital solutions.

Business

NUPRC targets 2030 gas flare-out goal
23/10/2025

Nigeria plans to eliminate gas flaring at petroleum sites by 2030 through commercial programs that convert wasted fuel into electricity and household energy. Regulatory chief Gbenga Komolafe told delegates at a Petroleum Training Institute conference that resource management must prioritize environmental protection and community benefits alongside production targets. His representative, Kelechi Ofoegbu, said operators capture…

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Business

Kioxia launches fast EXCERIA G3 microSD cards
24/10/2025

Kioxia will release two microSD card models on Saturday, October 25: the EXCERIA PLUS G3 and EXCERIA G3, offering improved transfer speeds for video recording and mobile storage. The EXCERIA PLUS G3 reaches 210 megabytes per second for reads and 150 megabytes per second for writes when paired with specific card readers. Both products support…

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Business

What is the Current Exposure Method?
28/12/202428/12/2024

The Current Exposure Method helps banks figure out how risky their swap deals are. Banks use this method because they need to keep enough money safe in case their trading partners can’t pay them back. How it Works When banks trade swaps, they need to know two important things: The money they might lose right…

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Business

Econet pays $4.3bn in taxes as revenue climbs
17/11/2025

Econet Wireless Zimbabwe contributed over $4.3 billion in various taxes to government coffers during its first half, representing more than 31 percent of total revenues, according to company financial statements. The telecommunications provider received recognition from the Zimbabwe Revenue Authority for compliance excellence while posting inflation-adjusted revenues of $13.5 billion and profits reaching $2.9 billion….

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Business

URA urges speedy ruling on Shs671b tax cases
23/10/2025

The Uganda Revenue Authority asked judges to resolve 58 tax cases worth more than 671 billion shillings that have been stuck in court. Commissioner General John Musinguzi Rujoki told justices at a training session in Entebbe that delays hurt government income collection and business confidence. The country collects tax equal to 13.9 percent of economic…

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Business

Old Mutual eyes investment in Cottco solar plant
27/10/2025

Old Mutual may finance a solar power project for Cotton Company of Zimbabwe to resolve electricity shortages at its Muzarabani ginnery facility. The insurance company’s representatives visited the site and expressed satisfaction with the location, according to Cottco Chief Executive Officer Rockie Mutenha. Power supply problems have contributed to the decline of cotton lint exports…

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