TymeBank New York Listing: TymeBank, a South African digital bank backed by China’s Tencent Holdings Ltd., is raising $150m as it sets its sights on an initial public offering (IPO). Also, TymeBank is one of Africa’s fastest-growing digital banks and…
Telkom Full-Year Earnings Surge: Telkom, a popular telecommunications group, has predicted a rise in its revenue in the forthcoming annual results for the year ended 31 March (FY2024). Telkom climbed 5.7% to close at R24.99 per share yesterday on news…
Cell C has declared plans to sell 44 of its 47 company-owned stores, in line with its strategy to leverage partnerships to promote revenue and drive growth. The company plans to retain three flagship stores. They are Mall of Africa…
Standard Bank, one of the Big Four banks, has announced its new mobile virtual network operator (MVNO) collaboration with MTN SA. Also, as part of its strategic telecoms path, the bank says Standard Bank Mobile will now be called Standard…
A recently filed lawsuit between chip designer ARM Holdings and tech giant Qualcomm has cast a shadow over the upcoming release of millions of next-generation Copilot+ PCs. The lawsuit hinges on a licensing agreement that both companies signed years ago,…
In a significant development that has sent shockwaves through the e-commerce industry, the South African Revenue Service (SARS) has issued a major setback to global e-commerce giant, Shein. The move, which has far-reaching implications for the company’s operations in the…
Volvo EX30 recall software bug: In a move that may cause inconvenience to Volvo enthusiasts, the Swedish automaker has announced a recall of all its nearly 72,000 EX30 electric vehicles due to a software glitch. The issue, which has been…
Eskom, South Africa’s embattled power utility, is on the lookout for a highly qualified Eskom renewables chief to spearhead its clean energy projects. This move comes amidst South Africa’s ongoing push for a “just energy transition” away from its coal-dependent…
Bank Recapitalisation ASHON: The Chairman of ASHON, Association of Securities Dealing Houses of Nigeria, Mr. Sam Onukwue stated that the new development in capital requirements of banks will stimulate activities in the primary segment of the Nigerian capital market. Bank…
Access Bank BancABC Tanzania Acquisition: Expansion is a major pointer of any successful business. Access Bank Plc has finally acquired African Banking Corporation Limited (BancABC) Tanzania. This development aligns with its strategic expansion goals across Africa. Access Bank BancABC Tanzania…
