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IFC Johnvents Industries $23m support: International Finance Corporation (IFC), and Johnvents Industries Limited announced a partnership to expand the company’s cocoa processing operations and increase its export capacity to global markets on Wednesday. The corporation offers a $23.3m financing package…
The South African Competition Commission has prohibited the proposed merger between Vodacom and Maziv, a mobile virtual network operator (MVNO). The decision, which was announced on Friday, follows an extensive hearing process in which the Commission heard arguments from both…
NNPCL Ends Fuel Import: The Nigerian National Petroleum Company Limited has stopped importing refined petroleum products and will now buy fuel from the Dangote Petroleum Refinery and other local refineries. According to Punch, NNPC’s Group Chief Executive Officer, Mele Kyari,…
PZ Cussons Appoints New CFO: PZ Cussons has officially appointed Mr. Oludare Ebenezer Elusakin as its new Chief Financial Officer (CFO). This follows the retirement of the interim CFO. PZ Cussons Appoints New CFO The new development, which was released…
Apple Discontinues Vision Pro Headset: Apple has made a tactical decision to retreat from augmented and virtual reality, scaling back production of its $3,500 Vision Pro headset. An employee at Chinese manufacturer Luxshare, which has a contract to do final…
North Korea recently showed its prowess by testing an underwater nuclear attack drone as a response to a joint naval exercise by the US, South Korea, and Japan. They claim the drone can carry a nuclear weapon. The first test…
Consumers Pay For Meters Replacement: Electricity distribution companies (DisCos) appear to disagree with the Federal Competition and Consumer Protection Commission (FCCPC) and the National Electricity Regulatory Commission (NERC), as it insists on payment for replacement of their functional meters. Recall…
MTN South Africa has remained unconcerned regarding Vodacom’s ongoing efforts to merge with Maziv, a fiber infrastructure company. As the Competition Tribunal continues to hear testimonies from various witnesses about this proposed merger, MTN remains unconcerned about the potential implications…
Cercli, a payroll startup, has secured $4 million in seed funding with ambitions to revolutionize payroll management across the Middle East and North Africa (MENA) region. Cercli’s seed round also had participation from COTU Ventures, Y Combinator, and Rebel Fund,…
NLC strike e-hailing drivers shutdown! The Nigerian Labour Congress (NLC), the umbrella body for trade unions in Nigeria, has called a nationwide strike beginning on Monday, June 3rd, 2024. The strike action comes amid rising inflation and an economic downturn…
