Mozambique Plans 11% Bank Stake for Citizens
Mozambique's president proposes giving citizens and staff 11% of top lender BCI as CaixaBank-owned BPI prepares to sell its 36%...
October 15, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Brazil Clears Visa, Mastercard Stablecoin
Brazil's competition authority cleared the Visa, Mastercard stablecoin venture with Coinbase, Stripe and Shopify on 14 October, with no conditions.
October 15, 2026
KenGen Olkaria Licence Flaw Unfixed 18 Years
An audit finds a 2008 KenGen Olkaria licence error left geothermal wells outside the company's legal area, and the ministry...
October 14, 2026
Elsewedy Electric Signs US$2.2bn Saudi Deal
Elsewedy Electric's power unit and China's Sinohydro signed a US$2.2 billion contract to expand Saudi Arabia's Rabigh 2 gas plant...
October 14, 2026
Holcim Colombia Taps Chief for US$485M Deal
Holcim Colombia has named Carlos Casado executive president as Holcim moves ahead with its US$485 million purchase of Cemex assets...
October 14, 2026
Sigma Alimentos Breaks 3 Discharge Limits
Costa Rica's Health Ministry found Sigma Alimentos' Oreamuno plant broke three wastewater limits and ordered fixes under threat of closure.
October 14, 2026
Uruguay Data Centre Deal Hits US$5.7 Billion
Uruguay signed a US$5.7 billion deal with Spain's Solaria for a 500-megawatt, solar-powered data centre park that should create 1,500...
October 14, 2026
Kenya Pipeline Profit Rises 13% to US$89m
Kenya Pipeline dividend: profit rose 13% to US$89 million in the year to June, and the board proposed a US$46...
October 14, 2026
Kenya Agrees US$350m Loan for Kenya Airways
Kenya Airways shareholder loan: the state agreed US$350 million as the loss-making airline says it is in advanced talks with...
October 14, 2026