Ethiopia’s decision to exclude mobile money from the terms of two new telecommunications licences cost the government about R7-billion from bid levels, Prime Minister Abiy Ahmed said.

Cryptocurrency ether hit a record high on Wednesday, taking gains this year to almost 500% on the back of a growing interest in decentralised finance applications.

Xiaomi and the US government have reached an agreement to set aside a Trump administration blacklisting that could have restricted American investment in the Chinese smartphone maker.

Prosus on Wednesday announced plans to acquire up to 45.4% of shares in parent Naspers in a deal aimed at moving part of the value of their massive stake in Tencent to Europe from Africa.

JSE-listed Transaction Capital said on Wednesday that it is in talks to increase its stake in WeBuyCars to 74.9%, a move that will give it control over the South African online car marketplace.

Researchers in Singapore have found a way of controlling a Venus flytrap using electric signals from a smartphone, an innovation they hope will have a range of uses, including in robotics.

Promoted | Teraco, Africa’s largest and most interconnected data centre operator, has become an integral node to the Meltingpot Indianoceanic Submarine System, or Métiss.

Promoted | A recent SUSE and TechCentral webinar unpacked the big issues around edge computing. Catch the recording of the event now if you missed it.

Adapt IT CEO Sbu Shabalala said on Tuesday that the serious allegations levelled against him in a weekend newspaper report are “without merit”.

Helios Towers plans to use an expansion into Oman to further its presence in the Middle East and North Africa, while it is also eyeing a potential deal in South Africa with MTN Group.