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South African telecoms group Telkom has stated that it is in the process of selling a minority stake in Openserve, South Africa’s leading fibre network operator. The company currently holds a 100% shareholding in Openserve. …
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South African telecoms group Telkom has announced that it will embark on a restructuring process that will affect 15% of its 11,000 plus workforce. In a statement on the Johannesburg Stock Exchange news service, the…
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Hires ex-Swvl leader as Country Manager Nigerian-born Treepz, a ride-hailing company that allows users to rent buses, SUVs and trucks, has expanded into Kenya. With this expansion, Treepz is now available in Nigeria, Ghana, Uganda…
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Across Lagos, most commercial banks are refusing deposits of old ₦200, ₦500 and ₦1,000 notes from customers, citing the currency redesign deadline set by the Central Bank of Nigeria. The currency redesign process has been…
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South Africa mobile network operator Telkom Group, which has operations in numerous other African country, has released its financial results for the four months period ended 31 December 2022, showing impressive top line growth in…
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Latest reports from Nigeria’s Inter Bank Settlement System (NIBSS) reveal that 2023 is turning out to be a watershed period for digital transactions, as continued spikes in mobile payments and point-of-sale (POS) transaction volumes deepen…
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Since 2021 Ethiopia’s government has wanted to sell 40% of its stake in state-owned Ethio-Telecom, then the sole operator in the East African nation. The government hopes increasing how much it is willing to let…
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In August 2022, Teni* was rushed to the Lagos University Teaching Hospital (LUTH) due to a life-threatening medical condition. The 14-year-old girl was diagnosed with sepsis, an extreme reaction to an infection, which if not…
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Neobank Be Mobile Africa has announced the launch of a crypto trading platform which will allow enable individuals in South Africa to buy and trade cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) as…
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Last week I suggested that venture capital might benefit from taking on some characteristics of private equity in order to improve exit chances. From the feedback I received, it is clear that many investors are…
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When Lekan Omotoso and Seye Bandele met 11 years ago in Nigeria’s capital city, Abuja, they could not have guessed that they’d attempt to solve a $24-billion problem through Pade HCM, the HR tech startup…
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Editor’s Note Week 06, 2023 Read time: 5 minutes This week, we’ve got a mix of good and bad news. On the bright side: Orange is lighting up Sierra Leone with a brand-new Orange Digital…
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