MTN and IHS Towers Resumes Negotiations on Governance Issues
MTN and IHS Towers resumes negotiations on governance issues. This follows the renewal of tower leases covering 26,000 sites across six African markets. MTN CEO Ralph Mupita stated that the renewal of these contracts places MTN’s operations in the respective markets on a more sustainable footing. He added, “We look
Wendy Ackerman: Non-Executive Director of Pick n Pay Holdings Limited
Wendy Ackerman is the co-founder and Executive Director of Pick n Pay Stores. Wendy and her late husband Raymond are the power couple behind one of South Africa’s pre-eminent FMCG retailers, Pick n Pay, which has over 450 stores throughout South Africa, southern Africa and Australia. Alongside raising her family,
Uber Announces Results for Second Quarter 2024
Uber announces results for second quarter 2024, operating in 61 cities across seven countries in sub-Saharan Africa. They saw a 19% YoY increase in gross bookings, reaching $40.0 billion in Q2 2024, globally. Mobility bookings rose 23% YoY to $20.6 billion, while delivery bookings grew 16% to $18.1 billion. Trips
Kenyan Gig Drivers Defy e-hailing Apps, Set New Rates Amid Fare Dispute
Kenyan Gig drivers defy e-hailing apps, set new rates amid fare dispute. They’re refusing to carry passengers, resisting the newly imposed rates. With this development, the drivers expect ride-hailing companies will be compelled to review current rates, beginning with raising the minimum fare from KSh180 ($1.40) to KSh300 ($2.33). This
Canal+ Plans to Boost its Stake in Mauritius’ pay-TV MC Vision
Canal+ plans to boost its stake in Mauritius’ pay-TV MC Vision from 37% to 75%, pending regulatory approval, aiming to become the majority shareholder. Currimjee Jeewanjee and Co., which co-founded MC Vision, will reduce its stake from 57% to 25%, while the state-owned Mauritius Broadcasting Corporation will sell its 10%
Leveraging Royalties as a Tool for Business Financing This Year
Leveraging royalties as a tool for business financing is another way entrepreneurs can raise capital. While traditional methods like equity financing and debt are commonly known. There is another option that offers a unique blend of benefits: royalty financing. This form of financing allows businesses to leverage their intellectual property,
Royalty Financing: An Alternative Path to Business Funding This Year
In the world of business financing, companies have traditionally relied on debt and equity to raise capital. However, these options often come with significant challenges—debt requires repayment with interest, and equity involves giving up ownership. For businesses looking for an alternative way to fund growth without the burdens of conventional
TikTok Reduces African Workforce Amid Global Restructuring
Chinese short-form video hosting social media platform, TikTok reduces African workforce in June 2024 amid global restructuring. This development came barely a month after existing employees revealed that the social media giant announced plans to cut its workforce globally, particularly in its marketing and operations team. Reports, however, indicate that the ByteDance-owned social media
Uganda UTel Secures $225 Million Investment From a Dubai-based Investor
Uganda UTel secures $225 million investment from a Dubai-based investor, Rowad Capital Commercial (RCC) LLC, a global engineering and construction contractor. The investment was preceded by extensive meetings and negotiations between RCC officials and Uganda’s president Yoweri Museveni earlier this year. Established as Uganda’s national telecom provider on April 8,
9 Business Opportunities in South Africa for Small Businesses
Thinking about starting a small business in South Africa this year? Whether you’re diving into full-time entrepreneurship or planning a side hustle, this list of more than 50 small business ideas is for you. Each idea below is selected for its practicality, flexibility, and proven potential for success. Whether you start a clothing
