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German chemicals company BASF said it is setting up a joint venture with Chinese battery materials supplier Shanshan to manufacture a key component used in the lithium ion batteries that are in high demand thanks to the burgeoning market for electric cars.
By Reuters Staff
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May 20 (Reuters) - Africa-focused payments giant Flutterwave will partner with Ethiopian digital money and e-commerce platform Amole to make remittances from the country’s massive diaspora faster and cheaper, the companies said on Thursday.
Global users will be able to send money using Flutterwave directly into an Amole digital wallet, a bank account, or to a cash pickup location, the companies said.
Ethiopia has an eight-million person diaspora around the world whose remittances amount to more than $5 billion annually, they added.
Founded in 2016 by Nigerians and headquartered in San Francisco, Flutterwave specialises in individual and consumer transfers. In March, it unveiled a payments partnership with Paypal and said it was considering a New York listing following a $1 billion valuation.[nL8N2L63EH
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LONDON/MILAN (Reuters) -BP and Eni said on Wednesday they had entered into talks to merge their oil and gas operations in Angola to form one of Africa’s largest energy companies.
FILE PHOTO: A BP logo is seen at a petrol station in central London July 28, 2009. REUTERS/Stefan Wermuth
The two companies have signed a non-binding memorandum of understanding and are in discussions on a joint venture that will include their liquefied natural gas (LNG) facilities, they said in a statement.
A business plan will be agreed to allow the companies “to capture future opportunities in exploration, development and possibly portfolio growth, both in Angola and regionally.”