Author: The Editorial Team

BAMAKO (Capital Markets in Africa) – Mali severed defense ties with France as a multinational force that’s helped the government fight an Islamist insurgency for the past decade withdraws from the West African nation.The decision to end military collaboration marks the latest deterioration in relations between the countries after a series of disputes in recent months. Mali has criticized France’s decision to move its counter-insurgency forces to neighboring Niger, while France has condemned the presence of Russian…

LAGOS (Capital Markets in Africa) –  Every time we ask Siri a question on our iPhones, we’re using artificial intelligence, of course, but in what other ways will it infiltrate our lives? AI already goes beyond just Siri or Alexa. Every time you get directions from Google Maps, it’s AI that’s working out the shortest path from A to B. When you get a film recommendation on Netflix, it’s AI that knows about people’s preferences…

LAGOS (Capital Markets in Africa) – Russian President Vladimir Putin’s decree imposing a new payments system for gas supplies has placed the European Union and Russia at loggerheads, with Moscow demanding that EU companies open accounts in rubles. The issue, sparked by Russia’s war in Ukraine and the Western response to it, escalated on April 27 after Russia cut off gas sales to Poland and Bulgaria, which refused to pay in rubles. At stake is…

NEW YORK (Capital Markets in Africa) – As he negotiated a $44 billion deal to acquire Twitter Inc., Elon Musk told bankers that he would be focused on the social-media company’s bottom line, and floated the idea of cutting both costs and jobs, according to people familiar with the matter. On calls with teams of bankers before the deal was announced, Musk fielded questions on how he would generate financial returns at Twitter. While nothing is…