Bharti Airtel posts Q4 revenue miss on currency devaluation in Africa

Bharti Airtel posts Q4 revenue miss on currency devaluation in Africa

Airtel reported a 4.4% rise in its profit before exceptional items and taxes to ₹52.34 billion. File | Photo Credit: Reuters Indian telecom operator Bharti Airtel reported fourth-quarter revenue below expectations on Tuesday, hurt by currency devaluation in Africa. India’s second-ranked telecom carrier by subscribers said consolidated revenue from operations rose 4.4% to ₹375.99 billion … Read more

India is not ‘extractive economy’ and is not pursuing ‘narrow economic activities’ in Africa: Jaishankar

India is not ‘extractive economy’ and is not pursuing ‘narrow economic activities’ in Africa: Jaishankar

In a veiled attack on China, External Affairs Minister S. Jaishankar has said that, unlike some other countries, India is not “an extractive economy” and it was not pursuing “narrow economic activities” in the resource-rich African continent. Mr. Jaishankar, who arrived here on Thursday after visiting Zanzibar, made these remarks while addressing the Indian community … Read more

Tencent-backed Helium Health raises $30 mln to fund Africa expansion – ET HealthWorld

Tencent-backed Helium Health raises $30 mln to fund Africa expansion – ET HealthWorld

Abuja: Helium Health, West Africa’s largest electronic medical records provider, has raised $30 million in new funding to scale up operations and expand credit in Africa’s healthcare sector, it said on Monday. Investment managers AXA IM Alts co-led the Series B funding round, with participation from Capria Ventures, Angaza Capital and US based Flatworld Partners. … Read more

Tencent-backed Helium Health raises $30 mln to fund Africa expansion – ET HealthWorld

Tencent-backed Helium Health raises $30 mln to fund Africa expansion – ET HealthWorld

Abuja: Helium Health, West Africa’s largest electronic medical records provider, has raised $30 million in new funding to scale up operations and expand credit in Africa’s healthcare sector, it said on Monday. Investment managers AXA IM Alts co-led the Series B funding round, with participation from Capria Ventures, Angaza Capital and US based Flatworld Partners. … Read more

Mother’s Day Special: Discover why Cape Town is called South Africa’s Mother City

Mother’s Day Special: Discover why Cape Town is called South Africa’s Mother City

Often referred to as the Mother City of South Africa, Cape Town is known to be the first formally established city in the year 1652. In the 1930s, a local newspaper termed that it is the only city that can claim to be a ‘metropolis’ derived from the Greek word ‘metros’ and ‘polis’ meaning mother … Read more

Ceasefire crumbles amid chaos in Sudan as death toll reaches 270 | CNN

Ceasefire crumbles amid chaos in Sudan as death toll reaches 270 | CNN

CNN  —  Gunfire, explosions and overhead fighter jets were heard across Sudan’s capital Khartoum on Tuesday, as gunmen reportedly stormed the homes of people working for the United Nations and other international organizations, amid conflicting reports of an agreed ceasefire in the country. Fighting between the country’s armed forces and the paramilitary Rapid Support Forces … Read more

Murder charge dropped against co-defendant in case of killer accused of faking his own death in South Africa | CNN

Murder charge dropped against co-defendant in case of killer accused of faking his own death in South Africa | CNN

CNN  —  South African prosecutors have dropped a murder charge against Zolile Sekeleni, the father of the girlfriend of high-profile convicted murderer Thabo Bester, who is accused of escaping from a South African prison after faking his own death in a fire, officials told CNN Monday. Sekeleni’s daughter, Nandipha Magudumana, a prominent medical doctor and … Read more