Category: Business

Skechers to Go Private: 3G Capital's $9.4 Billion Acquisition Shakes Up Footwear Industry

Skechers will go private after 26 years as a public company, thanks to a $9.4 billion buyout from 3G Capital. The deal, valued at $63 per share, keeps CEO Robert Greenberg in charge. Despite trade and tariff worries, Skechers remains strong internationally and just reported record Q1 2025 sales.

Dangote Nixes Steel Project Amidst Monopoly Allegations in Nigerian Market

Aliko Dangote, Africa's wealthiest individual, has scrapped his plans for a new steel plant in Nigeria due to governmental accusations of monopolistic tactics connected to his refinery operations. Despite government claims of seeking a market monopoly, Dangote refutes these allegations, insisting his business aims for fair competition.

President Ruto Seeks Strategic Trade Partnerships with South Korea to Boost Kenyan Economy

Kenya's President William Ruto is actively pursuing trade agreements with South Korea, aiming to enhance collaboration in sectors like technology, healthcare, and agriculture. These discussions come in the wake of a South Korean delegation's visit to Kenya, aiming for mutual growth and stronger economic ties.