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In a significant development that has sent shockwaves through the e-commerce industry, the South African Revenue Service (SARS) has issued a major setback to global e-commerce giant, Shein. The move, which has far-reaching implications for the company’s operations in the…
Volvo EX30 recall software bug: In a move that may cause inconvenience to Volvo enthusiasts, the Swedish automaker has announced a recall of all its nearly 72,000 EX30 electric vehicles due to a software glitch. The issue, which has been…
Eskom, South Africa’s embattled power utility, is on the lookout for a highly qualified Eskom renewables chief to spearhead its clean energy projects. This move comes amidst South Africa’s ongoing push for a “just energy transition” away from its coal-dependent…
Bank Recapitalisation ASHON: The Chairman of ASHON, Association of Securities Dealing Houses of Nigeria, Mr. Sam Onukwue stated that the new development in capital requirements of banks will stimulate activities in the primary segment of the Nigerian capital market. Bank…
Access Bank BancABC Tanzania Acquisition: Expansion is a major pointer of any successful business. Access Bank Plc has finally acquired African Banking Corporation Limited (BancABC) Tanzania. This development aligns with its strategic expansion goals across Africa. Access Bank BancABC Tanzania…
Afreximbank, African Export-Import Bank declared the distribution of a $40 million Intra-African Investment Facility to Fidelity Bank Plc. The investment is to support Fidelity Bank’s acquisition and recapitalization of Union Bank UK as part of its international development program. Afreximbank…
Bolt Uber Kenya Fare Hike: Uber and Bolt, popular ride-hailing companies, may increase their fares in Kenya due to a new 6 per cent tax levied by the Kenyan government. The levy was placed on major foreign companies operating within…
Joburg power cuts started today. City Power has started enforcing load reduction in Johannesburg areas with exceedingly high electricity usage levels. This is to protect the country’s grid from collapsing. The development comes after warnings to frugally use the electricity…
The Minister of Information, Idris Mohammed, has said Binance Nigeria’s revenue was over $20 billion in Nigeria in 2023 alone. Idris made this disclosure in a statement on Wednesday communicated by his spokesperson, Rabiu Ibrahim. He reacted to the claim…
Apple, a company renowned for its cutting-edge technology and user-centric approach, has recently unveiled its plans for artificial intelligence (AI) during its developer conference. This announcement marks a significant step forward for Apple in the realm of AI, as the…
