The European Commission is planning to extend a critical deadline for Prosus NV to sell down a stake in Delivery Hero SE to October, buying the investor some meaningful time to thwart another possible takeover attempt of the food delivery service by Uber Technologies Inc.

Bank of America Corp. expects strong deal-making activity in South Africa to continue this year despite ongoing global volatility, the head of its local operation said.

African electric-mobility startup Spiro raised $215 million backed by European and African investors as it nears $1 billion in value, or so-called unicorn status, founder Gagan Gupta said.