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Access Bank Plc has sold off 8% of its stake in its Botswana subsidiary Access Bank Botswana. The action caused the popular Nigerian banking group shares to jump from P1.80 to P2.04. Access Bank Botswana Sells Stock as Growth and…
Telkom, a prominent South African telecom company, has announced impressive results in its trading update for the quarter ending June 30, 2024. The company reported a remarkable 3.9% increase in revenue, reaching R10.9 billion (approximately $587.2 million), alongside a significant…
Mobius Motors, a Kenya-based automaker backed by Playfair Capital, has announced its decision to enter voluntary liquidation after nearly a year of unsuccessful rescue efforts. The company, known for manufacturing low-priced SUVs designed for the unique challenges of African roads,…
Spiro Launches E-Bikes in Ogun: Spiro, Africa’s largest electric vehicle (EV) player, has announced the official launch of its operations in Ogun State. The launch ceremony on July 31, 2024, at the Arcade Ground, Ogun State Governor’s Office, Oke-Mosan, Abeokuta,…
MTN Loses Limpopo Case: MTN, a major telecommunications company in South Africa, has lost a Special Tribunal exception application. This is in connection with the alleged irregular supply of mobile devices for COVID-19 screening to the Limpopo Department of Health.…
FCCPC Accuses WhatsApp of Exit Threat: The Federal Competition and Consumer Protection Commission (FCCPC) has accused WhatsApp of threatening to exit Nigeria following a hefty $200 million fine imposed on the messaging platform. This fine was levied after an investigation…
South Africa vs. MultiChoice Sports Dominance: South Africa is preparing to take on MultiChoice, the country’s leading pay-TV operator, over its monopoly on live sports broadcasts through its subsidiary SuperSport. The South African sports minister, Gayton McKenzie, has issued a…
Google expands AI wildfire tracking capabilities to Kenya and 16 additional countries. This initiative aims to bolster community preparedness and safety as wildfires become an increasingly pressing concern worldwide. The expansion of the Wildfire Boundary Tracker, an AI-driven tool, is…
Investment experts emphasize that tech is key for Gen Z wealth transfer. This was a central theme at the recent Cordros Summit held in Lagos, where financial leaders gathered to discuss innovative strategies for effectively transferring wealth to the upcoming…
Kenya banks’ assets fell by 2.7% to $58.2 billion in Q1 2024, reflecting a significant contraction in the sector. According to the Central Bank of Kenya (CBK), this decline is primarily attributed to an 18.5% drop in foreign currency loans,…
