Africa Matters

Abu Dhabi’s Phoenix Group Expands into Africa with Ethiopian Power Deal

Our Correspondent | Africa Guardian Abu Dhabi-listed blockchain and crypto mining giant Phoenix Group (PHX.AD) has entered the African market through an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia. The agreement, announced on Wednesday, is part of the company’s global diversification strategy. Under the deal, Ethiopian Electric Power (EEP) will supply energy to support Phoenix’s bitcoin mining operations,…

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Mubadala Acquires Majority Stake in GMSC and Al Ittihad Drug Store to Strengthen Healthcare Logistics

Our Correspondent | Africa Guardian Mubadala Investment Company, the Abu Dhabi sovereign wealth fund, has acquired an 80% majority stake in Global Medical Supply Chain (GMSC) and Al Ittihad Drug Store (IDS) from GlobalOne Healthcare Holding (GHH), marking a significant expansion in the UAE’s healthcare logistics and pharmaceutical distribution sectors. GlobalOne Healthcare Holding, the healthcare arm of Abu Dhabi-based…

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Abu Dhabi’s ‘The Lion King’ musical will be ‘magnificent’, says Musafa actor

South African star Mthokozisi Emkay Khanyile joins the UAE cast from London’s West End With performances of blockbuster musicals often held in different parts of the world on each given night, it’s hard to know which one is “the real deal”. It is a query often thrown at Mthokozisi Emkay Khanyile, one of the stars of The Lion King…

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