America Tower Corporation purchases Telkom Kenya’s transmission towers business for undisclosed amount

The deal will see America Tower Corporation rise to the top 5 players in the African continent, with Kenya alone having 41 million mobile subscribers. The deal appears to be long term cost synergies. On Monday, America Tower Corporation stated it will acquire Telkom Kenya’s transmission towers business for an undisclosed amount. The deal, expected…

Egypt Ranked As The 3rd Fastest Growing Economy In The Coming Decade In A Harvard Report

Egypt has been identified as the world’s third fastest growing economy – trailing only India and Uganda, by a recent Harvard report. The annual economic growth of Egypt is expected to reach 6.63 percent by 2026 according to the Global Growth Projections report unveiled by the Center for International Development (CID) at Harvard University. Uganda…

First Loss Since 2009 Reported By Warren Buffett’s Company Due to Accounting ‘Nightmare’

Warnings about the “nightmare” related to the changes in the new accounting rules have been issued earlier by Warren Buffett. And now it’s beginning. In the first quarter a $1.14 billion loss at Buffett’s Berkshire Hathaway Inc. was reported by the Omaha, Nebraska-based company mainly because of the rules the mandate reporting of unrealized gains…

Tesla Beaten By Nikola, Bags Big Order For Electric Long Haul Trucks

Anheuser-Busch, the largest beer manufacturers in the world has reportedly placed order for “up to 800” electric trucks with Nikola Motor Co. – a Arizona-based electric truck producer, the auto manufacturer announced recently. Nikola said that the 2019 Consumer Electronics Show would be the occasion when it would unveil its a final production version of…