CAC withdraws licenses of 38,000 companies

Chinese private investment in Uganda is growing while Westerners are losing appetite to put money to work in the country, President Yoweri Museveni told Reuters, pledging to step up efforts to tackle corruption which has made slow progress. Museveni, in power since 1986 and one of Africa's longest-serving leaders, said Uganda was working to sign a number of deals with Chinese private sector lenders in sectors from agro- and fertilizer-processing, minerals processing or textiles.

The United States has warned that companies' stockpiles of semiconductor chips have shrunk dramatically due to the global supply shortage, putting production at risk from any disruption. A survey of 150 firms for the Commerce Department found the median stocks held by manufacturers had fallen from 40 days' worth in 2019 to just 5 days' worth in 2021. It comes as Democrats in the House of Representatives published a bill for investment worth $52 billion in the sector.

Oil facilities at Belgian ports have been hit with a cyberattack. The news comes a day after Germany launched an investigation into a similar incident.

One week after Russia's invasion of Ukraine, US enterprise software giant Oracle has suspended its Russian operations, while Amazon is pledging logistical and cybersecurity support for Ukraine. Meanwhile, Russia's sovereign credit rating has been slashed to junk status by two major ratings agencies and the Moscow Stock Exchange is closed for a fourth consecutive day. We also take a closer look at how the US and EU are working on measures to make sure cryptocurrencies are not used to circumvent sanctions on Russia.

International companies are closing up shop in Russia in droves. For some, the decision to leave such a large market isn't an easy one.

Oil and gas companies that had once cozied up to Russian President Vladimir Putin are now turning their backs on the autocrat. Countries dependent on the energy sources are scrambling to find alternatives.

A carbon tax is set to be introduced in January in the hope companies will switch to climate-friendly energy sources. But businesses are already complaining about costs while they are still struggling from the pandemic.

The Nigerian financial technology industry has not only proven the fact but has also attracted big global technical brands in business transactions. Here are some financial technology companies that are thriving in Nigeria;

As chaos engulfs Elon Musk’s takeover of Twitter, smaller firms and nonprofits want people to ditch the services of Big Tech. But how do you take on the world's tech giants?

French companies have gathered in Paris to talk about Ukraine's reconstruction efforts during and after the war. But another country could take center stage during the rebuilding phase.

In the last couple of months, tsunamis of layoffs have hit the tech ecosystem. From Twitter to Meta, and then Amazon, the once glittering ecosystem where most young people desire to work is now facing a new threat.

Sweden is using its presidency of the EU Council to keep European countries mobilised in their support for Ukraine, and to try to enforce the current sanctions on Russia more effectively. Sweden's EU Affairs Minister Jessika Roswall speaks to Talking Europe about those issues, as well as Sweden's application to join NATO, and Stockholm's other priorities in its EU presidency, which is now two months into its six-month stint.