Ethiopia will reopen bidding for its second telecommunications operator licence this month, two senior government officials said on Monday, including the right to operate mobile financial services.
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Huge Group’s efforts to acquire software services group Adapt IT appears to be all over bar the shouting. This after shareholders representing just 1.9% of Adapt IT shares accepted its offer.
MTN Nigeria plans to invest R21-billion over the next three years to expand broadband access in Africa’s most populous country, its CEO said on Monday.
Bolt Technology, which competes with Uber Technologies in Africa and Europe, doubled its valuation to €4-billion after raising money to finance a grocery delivery service.
Eskom has reached “commercial operation status” of its final generation unit at Medupi, one of the world’s largest coal-fired power stations – and likely one of the last of its size to be built.
First National Bank is deploying mobile ATMs in parts of KwaZulu-Natal and Gauteng hit by recent large-scale looting as a temporary measure while it rebuilds infrastructure destroyed in the riots.
MTN Group’s Nigerian unit has reported a 27.6% increase in half-year Ebitda, despite a sharp decline in subscribers brought about by regulatory restrictions on new Sim sales and activations.
Zoom has agreed to pay $85-million and bolster its security practices to settle a lawsuit claiming it violated users’ privacy rights by sharing personal data with Facebook, Google and LinkedIn.
Square, the payments firm of Twitter co-founder Jack Dorsey, will purchase “buy now, pay later” pioneer Afterpay for $29-billion, creating a global transactions giant.
The high court has granted the liquidators of Africrypt additional powers to track down missing funds, and to sell assets and property belonging to the company.