South African Competition Commission Okays Octotel Deal
Tech News
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South African Competition Commission Okays Octotel Deal

August 14, 2024
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South African Competition Commission okays Octotel deal. The commission has given conditional approval for the deal for a consortium led by African Infrastructure Investment Managers, comprising STOA and Thebe Investment Corporation, to acquire Octotel from Actis, a UK-based investment firm. The deal follows a significant expansion of the Octotel since Actis

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MultiChoice Arrests Two Suspects in Piracy Crackdown in South Africa
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MultiChoice Arrests Two Suspects in Piracy Crackdown in South Africa

August 14, 2024
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MultiChoice arrests two suspects in piracy crackdown in Cape Town, South Africa. This is following a successful raid by MultiChoice Group and the Milnerton police on another alleged piracy ring. According to the group, this development forms part of its broader anti-piracy strategy, which has led to successful raids in

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Telcos in Nigeria Mull Partial Service to Support Tariff Hike Push
Tech News
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Telcos in Nigeria Mull Partial Service to Support Tariff Hike Push

August 14, 2024
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TTelcos in Nigeria mull partial service to support tariff hike push. This is to manage their services while pushing for tariff hikes due to mounting financial pressures. At an event tagged ‘’Telecom Industry 2.0: The Next Investment Frontier in Nigeria.’’, Engr. Gbenga Adebayo, Chairman of the Association of Licensed Telecoms Operators of

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MTN and IHS Towers Resumes Negotiations on Governance Issues
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MTN and IHS Towers Resumes Negotiations on Governance Issues

August 14, 2024
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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

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Wendy Ackerman: Non-Executive Director of Pick n Pay Holdings Limited
Biographies
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Wendy Ackerman: Non-Executive Director of Pick n Pay Holdings Limited

August 14, 2024
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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,

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Uber Announces Results for Second Quarter 2024
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Uber Announces Results for Second Quarter 2024

August 13, 2024
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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

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Kenyan Gig Drivers Defy e-hailing Apps, Set New Rates Amid Fare Dispute
Tech News
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311

Kenyan Gig Drivers Defy e-hailing Apps, Set New Rates Amid Fare Dispute

August 13, 2024
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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

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Canal+ Plans to Boost its Stake in Mauritius’ pay-TV MC Vision
Tech News
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370

Canal+ Plans to Boost its Stake in Mauritius’ pay-TV MC Vision

August 13, 2024
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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%

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Leveraging Royalties as a Tool for Business Financing This Year
Grow a Business
8 min read
219

Leveraging Royalties as a Tool for Business Financing This Year

August 13, 2024
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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,

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Royalty Financing: An Alternative Path to Business Funding This Year
Grow a Business
12 min read
288

Royalty Financing: An Alternative Path to Business Funding This Year

August 13, 2024
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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

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