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Erling Haaland invests in new global chess tour
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Manchester City striker Erling Haaland has become a strategic investor in an upcoming world chess championship tour. Through his company Chess Mates, he is backing Norway Chess, which owns the Total Chess World Championship Tour set to launch next year. The tour will feature four annual tournaments in different cities with a $2.7 million prize pool.
Goldman Sachs’ Indian equity portfolio, managed through its global funds, dropped 36% in the fiscal year ending March 2026, shrinking from Rs 11,940 crore to Rs 7,610 crore as of March 27. While about 28 of its roughly 48 stocks declined between 10% and 60%, with five major holdings losing over 50%, one standout performer delivered 107% gains.
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North West Premier Lazarus Mokgosi has announced significant progress in commercialising provincial nature reserves, securing investment commitments exceeding R420 million. The initiative forms part of the province's Growth and Development Strategy, promising benefits for local communities through jobs and equity shares.
Tourism Minister Kandula Durgesh and Bheemunipatnam MLA Ganta Srinivasa Rao laid the foundation stone for a five-star Hyatt hotel near Sagar Nagar on the Yendada stretch in Visakhapatnam on Saturday, March 21, 2026. The hotel will be built on three acres with an investment of around ₹250 crore and is expected to be completed within two years.
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The Industrial Parks Development Corporation (IPDC) has opened financial services in Special Economic Zones (SEZs) to all banks and highlighted over $1.5 billion in government investment for their development. Fitsum Ketema shared these updates at a half-day consultation workshop on strengthening banking coordination and investor support.
Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, held talks with Sharon Nishi, Chairperson and Managing Director of General Motors Egypt and Africa, to review the company’s current investments and future expansion plans. The Tuesday meeting, attended by Jehan Saleh, economic adviser to the Prime Minister, focused on localizing the automotive industry and aligning with GM’s strategy. It highlighted efforts to boost GDP contribution and exports.
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Sinaloa Governor Rubén Rocha Moya announced that the first stone for the Mexinol plant construction in Topolobampo port will be laid on April 23. The project involves an investment of about 3.3 billion dollars and will create around 4,500 direct and indirect jobs.
COMESA launches digital investment map showcasing 180 opportunities
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