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Africa Business Watch: Press Releases

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Press releases published on May 13, 2025

Libyan Premier Says Stability is Restored in Tripoli

Libyan Premier Says Stability is Restored in Tripoli

(MENAFN) Libyan Premier Abdul Hamid Dbeibeh announced on Tuesday that peace and order had been reestablished in Tripoli following violent confrontations in the city. The skirmishes began on Monday, primarily affecting the Salah al-Din and Abu Salim …

Sudan breaks all connections with UAE

Sudan breaks all connections with UAE

(MENAFN) Sudan has ended diplomatic connections with the United Arab Emirates (UAE) because of the Gulf nation’s claimed backing for the Rapid Support Forces (RSF), the armed party involved in a prolonged conflict inside the country with Sudan’s military. …

Honda Expects Sharp Drop in Annual Operating Profit

Honda Expects Sharp Drop in Annual Operating Profit

(MENAFN) Japanese car manufacturer Honda Motor announced on Tuesday that it anticipates a substantial 58.8 percent decrease in operating income for the ongoing fiscal year. The decline is largely attributed to the financial burden of tariff-related …

Israel says releasing of Israeli hostage won’t stop genocide

Israel says releasing of Israeli hostage won’t stop genocide

(MENAFN) As regional outlets stated on Monday, Israel will continue its ethnic cleansing in Gaza when Edan Alexander gets back to Israel, Edan Alexander who is an Israeli American hostage was freed with the mediation of the US as a third nation. A news …

Honda Projects 58.8 Percent Profit Decline Due to Tariffs

Honda Projects 58.8 Percent Profit Decline Due to Tariffs

(MENAFN) Honda Motor announced on Tuesday that it expects its operating profit to plummet by 58.8% in the current fiscal year, attributing the decline to costs related to tariffs. The Japanese automaker is now forecasting an operating profit of 500 billion …

Turkish Investors Eye UAE for Growth

Turkish Investors Eye UAE for Growth

(MENAFN) The United Arab Emirates is increasingly becoming a promising destination for Turkish investors, with Dubai emerging as a central hub for regional outreach. This observation was shared by the head of the Turkish Business Council in Dubai and the …

EBRD Reduces 2025 Growth Projection Amid Trade Uncertainty

EBRD Reduces 2025 Growth Projection Amid Trade Uncertainty

(MENAFN) The European Bank for Reconstruction and Development (EBRD) on Tuesday revised its 2025 growth projection down by 0.2 percentage points, citing increased trade policy uncertainty as the main factor. The bank now expects regional growth to reach 3% …

MoneyShow Announces “Navigating Volatility, Finding Opportunity: A Virtual Expo” on May 21-22, 2025

MoneyShow Announces “Navigating Volatility, Finding Opportunity: A Virtual Expo” on May 21-22, 2025

AUSTIN, Texas, May 13, 2025 (GLOBE NEWSWIRE) -- MoneyShow, a leading producer of live and online financial conferences for investors, traders, and financial advisors, is pleased to announce the upcoming “Navigating Volatility, Finding Opportunity: A …

New Survey Reveals Americans are Turning to Side Hustles and Extra Jobs to Pay Off Debt

New Survey Reveals Americans are Turning to Side Hustles and Extra Jobs to Pay Off Debt

COSTA MESA, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- While some Americans are struggling with unmanageable debt, they are finding many ways to cope, including limiting their use of credit cards and sticking to a rigid budget. A survey from Experian found …

Flam raises $14M to scale AI infrastructure for brand and marketing industry globally

Flam raises $14M to scale AI infrastructure for brand and marketing industry globally

San Francisco, May 13, 2025 (GLOBE NEWSWIRE) -- Most marketing today still relies on passive consumption over active engagement. In a world where consumer attention is harder to earn than ever, brands are searching for new ways to turn one-way messages …

Explore the Future Growth – U.S. Battery Energy Storage Market to Hit $7.02 Billion by 2029!

Explore the Future Growth – U.S. Battery Energy Storage Market to Hit $7.02 Billion by 2029!

Delray Beach, FL, May 13, 2025 (GLOBE NEWSWIRE) -- The report "Battery Energy Storage System Market Size, Share …

K12 Launches 19th Annual Art Competition for Students Nationwide

K12 Launches 19th Annual Art Competition for Students Nationwide

RESTON, Va., May 13, 2025 (GLOBE NEWSWIRE) -- K12, a Stride, Inc. portfolio brand, announces the launch of its 19th Annual Art Competition, opening for submissions on May 13, 2025. The contest is open to all kindergarten through 12th grade students …

The Gardner School Opens Enrollment for Camp Gardner to Support Working Families

The Gardner School Opens Enrollment for Camp Gardner to Support Working Families

Minneapolis, MN, May 13, 2025 (GLOBE NEWSWIRE) -- As working families search for meaningful summer opportunities for their young children, The Gardner School (TGS), an award-winning provider of early childhood education, is now enrolling for Camp Gardner. …

Innovator Launches Equity Managed 100 Buffer ETF™ (Ticker: BFRZ) – A New Approach to 100% Downside Protection*

Innovator Launches Equity Managed 100 Buffer ETF™ (Ticker: BFRZ) – A New Approach to 100% Downside Protection*

WHEATON, Ill., May 13, 2025 (GLOBE NEWSWIRE) -- Innovator Capital Management, LLC (Innovator), pioneer and provider of the largest lineup of Defined Outcome ETFs™, today announced the launch of the Innovator Equity Managed 100 Buffer ETF™ (BFRZ). The ETF …

311Literacy Introduces Easy Summer Reading Strategy with Launch of The Great Reading Tournament

311Literacy Introduces Easy Summer Reading Strategy with Launch of The Great Reading Tournament

PHILADELPHIA, May 13, 2025 (GLOBE NEWSWIRE) -- As the end of the school year fast approaches, it’s time for parents and educators to put a summer reading plan in place. Summer reading helps students retain and even enhance literacy skills gained during the …

KGNCloud Launches Revolutionary Cryptocurrency Cloud Mining Platform Offering Secure, Green, and Effortless Passive Income

KGNCloud Launches Revolutionary Cryptocurrency Cloud Mining Platform Offering Secure, Green, and Effortless Passive Income

London, UK , May 13, 2025 (GLOBE NEWSWIRE) -- As the demand for simplified, sustainable crypto investment solutions grows, KGNCloud is proud to introduce its cutting-edge cloud mining platform, designed for anyone looking to generate passive income through …

Berman Tabacco Notifies Investors Lead Plaintiff Deadline in Securities Class Action Against Compass Diversified Holdings (CODI)

Berman Tabacco Notifies Investors Lead Plaintiff Deadline in Securities Class Action Against Compass Diversified Holdings (CODI)

BOSTON, May 13, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that a securities class action alleging violations of the Securities Exchange Act of 1934 has been filed against Compass Diversified Holdings (“Compass” or the “Company”) (NYSE: CODI), and …

SKYX Announces Additional $4 million in Recent Preferred Stock Funding Representing $2 Per Share from Strategic Investors in a Round Totaling $15 million Led by Global Marriott Hotels Chain Owner The Shaner Group

SKYX Announces Additional $4 million in Recent Preferred Stock Funding Representing $2 Per Share from Strategic Investors in a Round Totaling $15 million Led by Global Marriott Hotels Chain Owner The Shaner Group

MIAMI, May 13, 2025 (GLOBE NEWSWIRE) -- SKYX (NASDAQ: SKYX) (d/b/a "SKYX Technologies"), a highly disruptive advanced and smart home platform technology company for homes and buildings, with more than 97 issued and pending patents globally and a portfolio …

SEALSQ Quantum and Space Day Concludes with Resounding Success

SEALSQ Quantum and Space Day Concludes with Resounding Success

Saint-Cyr-sur-Mer, France, May 13, 2025 (GLOBE NEWSWIRE) -- SEALSQ Brings Together Global Experts to Accelerate Post-Quantum and Space Security Innovations Saint-Cyr-sur-Mer, France – May 13, 2025 -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a …

Brad Hauser, CEO of Autonomix Medical, Inc. Outlines Follow-On Expansion Study Expected to Begin in Q2 2025, Potentially Doubling Addressable Market

Brad Hauser, CEO of Autonomix Medical, Inc. Outlines Follow-On Expansion Study Expected to Begin in Q2 2025, Potentially Doubling Addressable Market

Discussion in Virtual Investor CEO Connect focuses on Company’s planned follow-on market expansion study phase (“PoC 2”) of proof-of-concept trial; Access Here Additional indications potentially double the addressable market beyond pancreatic cancer pain …

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