Category: expansion
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Victory Farms plans Sh750m expansion of Lake Victoria fish business
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Aquaculture company Victory Farms plans to expand its Sh750 million cage-raising tilapia project in Lake Victoria amid growing demand for the white meat, regulatory filings show. The project, which will be implemented in the new concession areas around Sindhu, Homa Bay County, will expand the company’s existing sustainable tilapia cage…
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Leading Bitcoin Miner GDA Plans Mining Expansion to 400 MV Leveraging Renewables
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Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has announced plans to expand its recently launched data center in Texas to 400 megawatts. The ambitious second phase highlights GDA’s commitment to Texas as a mining hub, leveraging the state’s renewable energy and innovation-friendly policies. GDA The…
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U.K.’s PMIs Showed Solid Private Sector Expansion In August
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S&P Global’s August Purchasing Managers’ Index (PMI) reports reflected strong expansions in UK private sector activity, with manufacturing jumping to a 26-month high and services rising to a four-month high. The composite index measuring the manufacturing and services sectors was also in the spotlight as it reached its highest levels…
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UK SMEs eye ambitious expansion plans amid renewed growth and confidence
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UK small and medium-sized businesses are targeting ambitious growth plans after a year of strong performance, according to a new survey by Shawbrook. The survey, which focused on growth companies, found that 44% of these SMEs are considering an IPO in the next five to 10 years. This wave of…
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GeoPark reports robust Q2 financials, eyes expansion By Investing.com
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GeoPark Limited (NYSE: NYSE:) has delivered a strong financial performance in the second quarter of 2024, with significant revenue growth and a solid increase in adjusted EBITDA. The company reported a 14% increase in revenue to $190 million and a 15% rise in adjusted EBITDA to $128 million. Despite the…
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GeoPark reports robust Q2 financials, eyes expansion By Investing.com
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GeoPark Limited (NYSE: NYSE:) has delivered a strong financial performance in the second quarter of 2024, with significant revenue growth and a solid increase in adjusted EBITDA. The company reported a 14% increase in revenue to $190 million and a 15% rise in adjusted EBITDA to $128 million. Despite the…
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Petitioner in court to scuttle proposed JKIA expansion deal
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Kenya Airports Authority (KAA) and the government have been taken to court over contracts with an Indian company for a proposed $1.85 billion (Sh238 billion) concession to build a new passenger terminal and refurbish existing facilities at Jomo Kenyatta International Airport. Mr Isaac Lango Gayo wants the proposed deal for…
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Freeport McMoran eyes $7.5B expansion of El Abra copper mine in Chile (NYSE:FCX)
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SimoneN/iStock via Getty Images Freeport McMoRanNYSE: FXX) Plan for Spent about $7.5 billion to expand the copper mine in Abra A project in Chile is expected to take seven to eight years to develop due to permitting requirements, Sonnet Chief Executive Kathleen Quirk said Tuesday, according to Reuters. In profits…
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RED Mountain Resort in Rossland, BC Announces Major Expansion with New Summer Bike Park Project
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on July 22, 2024 •…
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Bitcoin mining company TeraWulf pays off debt, eyes AI expansion
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Bitcoin mining company TeraWulf Inc. has paid off its remaining $77.5 million loan ahead of schedule, eliminating all of its outstanding debt. The move gives the company greater financial flexibility to take advantage of growing demand for energy infrastructure, particularly to power AI-generated technology. He said on Tuesday It plans…
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Bitcoin mining company TeraWulf pays off debt, eyes AI expansion
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Bitcoin mining company TeraWulf Inc. has paid off its remaining $77.5 million loan ahead of schedule, eliminating all of its outstanding debt. The move gives the company greater financial flexibility to take advantage of growing demand for energy infrastructure, particularly to power AI-generated technology. He said on Tuesday It plans…
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Pro-Crypto Champion: US Lawmaker Backs Trump’s Stance On Digital Currency Expansion
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In apparent agreement with former President Donald Trump’s changing views on cryptocurrencies, US Congressman and Chairman of the Arkansas Digital Assets Subcommittee French Hill has confirmed that Support Some see the FIT21 bill as the kind of regulatory framework Trump would likely support if reelected. French Hill Doubles Down on…
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Regulator signals nod for expansion of Leviathan production
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The Petroleum Commissioner at the Ministry of Energy and Infrastructure has indicated to the partners in the Leviathan offshore natural gas field that they will be allowed to significantly expand production, from 12 billion cubic meters to 21 billion cubic meters. This is not yet an export permit, but rather…
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WorkL Secures £2M Series A Funding from Calculus Capital to Propel Global Expansion
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WorkL, the organization behind the World’s Happiest Workplaces and Sunday Times Best Workplaces lists, has raised £2 million in a Series A funding round, in partnership with Calculus Capital. This financing aims to accelerate WorkL’s international growth after five successful years of expansion. Founded by Lord Mark Price, former Deputy…
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Margin Expansion of IT Cos. in FY25 Faces Significant Hurdles By Investing.com
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The latest Jefferies report casts doubt on the expected expansion in EBIT margins for IT companies in FY25. The consensus forecast is for an increase of 80 basis points year-on-year, to 20.3% for the sector. However, while there is optimism for a significant improvement of 380 basis points (240 basis…
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ATFX Executive Interview – Africa, Regional Expansion in Focus
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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Rupee Revolution? India’s UPI Eyes International Expansion
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Let us forget the fading dream of a cashless society – a cashless society seems equally unlikely. But for India, the way tea, or any other good or service, is paid for is undergoing a digital revolution. The Unified Payments Interface (UPI), a mobile app-based system, has become the preferred…
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Rootstock Bitcoin L2 eyes further Latin American expansion
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Speaking at Money 20/20 in Amsterdam, Rootstock Labs’ Ricardo Castro highlighted the Bitcoin Layer-2 protocol’s focus on providing global access to decentralized finance (DeFi), especially in emerging markets. Bitcoin (BTC) and Ethereum (ETH) are the two largest decentralized networks out there, each with unique strengths. BTC is known for its…