Tag: Africa

AcquisitionsBusinessFinance

Coca-Cola HBC Stock Falls 4% Following Major African Stake Purchase and Q3 Results

Coca-Cola HBC’s share price dropped 4% following announcement of acquiring 75% stake in Coca-Cola Beverages Africa for $2.6 billion. The FTSE 100 bottler reported 5% organic revenue growth in Q3 despite mixed volume performance across categories.

Stock Movement and Acquisition Announcement

Coca-Cola HBC shares experienced a 4% decline in trading on Tuesday, reportedly dropping to £33.98 per share, according to market reports. The movement followed the company’s announcement of significant acquisition activity in Africa alongside the release of third-quarter trading figures.

by Bennett Laura
EnergyMobilityStartups

African Electric Mobility Firm Secures $100 Million Investment for Expansion

An African e-mobility company has secured $100 million in funding to dramatically scale its electric motorcycle operations across multiple countries. The investment represents one of the largest capital raises in Africa’s growing electric vehicle sector.

Major Funding Boost for African E-Mobility

An African electric mobility company has reportedly secured $100 million in funding to expand its operations across the continent, according to industry reports. Spiro, which manufactures electric motorcycles in four African nations, claims this represents the largest capital raise in Africa’s developing but competitive e-mobility sector.

by Daniel R.Collins