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…

Samsung has officially confirmed that Samsung Galaxy S24 FE, a highly anticipated addition to its Galaxy lineup, exists.  The confirmation comes as a result of a support page that recently appeared on Samsung’s French website, showcasing the model number SM-S721B. …

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,…

Telkom Upgrades Networks: Telkom has released a trading report for the quarter ended 30 June 2024.  The report reveals that reduced load-shedding costs significantly boosted earnings before interest, tax, depreciation, and amortization (EBITDA). Telkom Upgrades Networks Telkom Consumer recorded a…

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…