Business

Business: Why Kenya’s Equity Bank broke off talks with Atlas Mara

The Kenyan giant is renouncing the acquisition of African subsidiaries of the British headquartered bank Atlas Mara. A decision linked…

July 9, 2020

Business: Andela engineering-as-a-service to go fully-remote and double talent pool with pan-African expansion

Andela, the global talent network that helps companies build remote engineering teams, will now accept engineers from all African countries,…

July 8, 2020

Business: Cell C shareholder Blue Label takes R330m hit from WiConnect

Cell C major shareholder, Blue Label Telecoms, expects to bounce back from the trading losses it experienced because of Cell…

July 7, 2020

African nations reopening airspace despite rising COVID-19 cases

As COVID-19 cases surged in many parts of the world, the island nation of the Seychelles was looking good: 70-plus…

July 6, 2020

Numsa and Sacca threaten legal action over SAA liquidation

The South African Cabin Crew Association (Sacca) and trade union Numsa have threatened to go to court to challenge a…

July 6, 2020

Standard Bank: We will not let climate groups dictate how the bank is run

Standard Bank, which has come under fire for continuing to fund new fossil fuel projects on the continent, says it…

July 5, 2020

Steinhoff likely near to settling R188 billion in legal claims

Steinhoff International Holdings NV is getting close to reaching a potential deal on 10 billion euros (around R188 billion) of…

July 4, 2020

Business: African payment startup Chipper Cash raises $13.8M Series A

African cross-border fintech startup Chipper Cash has closed a $13.8 million Series A funding round led by Deciens Capital and…

July 3, 2020

Business: Could Nile dispute be opportunity to boost freshwater technology?

The Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile river has become a major point of contention between Ethiopia,…

July 2, 2020

Business: African Green Resources and African Fertilizer Agribusiness partner to boost crop yields in Zambia

An initiative, which involves a $40 million fertilizer-revolving facility and another $170 million for value addition is to be implemented…

July 1, 2020

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