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Friday, 16 October
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Friday, 16 October

Top News

Lesotho, UNDP Strengthen Partnership on Digital Transformation and AI Development
Kenya, France Partner on New Science and Engineering Complex at University of Nairobi
Ooredoo, du Partner on Landmark Subsea Cable Project to Boost UAE Digital Connectivity
Guinea Signs Deal for Second Submarine Fibre-Optic Cable to Expand Internet Capacity
Omantel Launches AI Centre of Excellence to Boost Oman’s Digital Innovation Ecosystem
Lesotho, UNDP Strengthen Partnership on Digital Transformation and AI Development
Kenya, France Partner on New Science and Engineering Complex at University of Nairobi
Ooredoo, du Partner on Landmark Subsea Cable Project to Boost UAE Digital Connectivity
Guinea Signs Deal for Second Submarine Fibre-Optic Cable to Expand Internet Capacity
Omantel Launches AI Centre of Excellence to Boost Oman’s Digital Innovation Ecosystem

News

Africa Innovation Watch provides unparalleled access to news stories and events shaping the African tech world today.

Carbon shuts down debit card operations in Nigeria

Nigerian digital lender Carbon has made a surprising move, shutting down its debit card operations just two years after its launch….

By: IBK

Kenyan authorities suspended the activities of Worldcoin almost a year ago for privacy and security concerns

Sam Altman’s Worldcoin to resume iris scanning in Kenya following discontinuation of probe

Kenyan authorities suspended the activities of Worldcoin almost a year ago for privacy and security concerns…

By: IBK

Gambaryan claims his detention violated his rights and was used to pressure Binance, causing hardship to his family….

Detained Binance executive Tigran Gambaryan sues for compensation, wife asks for US intervention

Gambaryan claims his detention violated his rights and was used to pressure Binance, causing hardship to his family…….

By: IBK

SpaceX chief, Elon Musk has announced that the Starship rocket is finally ready for launch. This is after a series of recent engine tests.

SERA, NASRDA, Blue Origin signs partnership to send first Nigerian into space

SERA, NASRDA, Blue Origin signs partnership to send first Nigerian into space…

By: IBK

Court strikes out escaped Binance executive, Nadeem Anjarwalla’s fundamental rights suit

The Federal High Court sitting in Abuja today struck out a fundamental rights suit filed against the Office Of the National Security Adviser (NSA) and…

By: IBK

Climate Tech is not so much a ‘sector’ per se as it covers a wide range of use cases

Climate tech edges fintech, attracts 45% of Africa startup funding in 2024 so far

Climate Tech is not so much a ‘sector’ per se as it covers a wide range of use cases…

By: IBk

South Africa’s takeover panel has mandated French media giant Groupe Canal+ SA to immediately extend a mandatory offer to acquire additional shares of pay-TV company MultiChoice, following Canal Plus’ attempt to purchase the remaining stake in the company. Despite Canal Plus already being the largest shareholder with a 35.01% stake, surpassing the 35% threshold triggering the mandatory offer, MultiChoice’s board rejected Canal Plus’ initial bid of 105 rand per share, deeming it significantly undervalued. According to the Takeover Regulations Panel (TRP) in its ruling: “Canal+ must take immediate action to comply with the requirements of.. the (Companies) Act and the regulations by making a mandatory offer to the remaining shareholders of MultiChoice.” Moving forward, Canal Plus contended that it was exempted from making a mandatory offer, citing restrictions in the streaming company’s memorandum of incorporation which limit foreign companies to a maximum of 20% of the broadcaster’s voting rights.

Multichoice Nigeria says DStv, GOtv bouquet prices remain unchanged

Satellite television company, Multichoice has debunked reports circulating online that the company has reduced the subscription prices for users in Nigeria….

By: IBK

At a recent press launch, BudPay, a payment infrastructure company, presented its business payment solution.

BudPay launches BudPay Business for payment solutions

At a recent press launch, BudPay, a payment infrastructure company, presented its business payment solution….

By: IBK

Domain name industry: Nigeria ranks second in Africa as registrations hit 4.33 million

Domain name industry: Nigeria ranks second in Africa as registrations hit 4.33 million

Domain name industry: Nigeria ranks second in Africa as registrations hit 4.33 million…

By: IBK

South Africa’s takeover panel has mandated French media giant Groupe Canal+ SA to immediately extend a mandatory offer to acquire additional shares of pay-TV company MultiChoice, following Canal Plus’ attempt to purchase the remaining stake in the company. Despite Canal Plus already being the largest shareholder with a 35.01% stake, surpassing the 35% threshold triggering the mandatory offer, MultiChoice’s board rejected Canal Plus’ initial bid of 105 rand per share, deeming it significantly undervalued. According to the Takeover Regulations Panel (TRP) in its ruling: “Canal+ must take immediate action to comply with the requirements of.. the (Companies) Act and the regulations by making a mandatory offer to the remaining shareholders of MultiChoice.” Moving forward, Canal Plus contended that it was exempted from making a mandatory offer, citing restrictions in the streaming company’s memorandum of incorporation which limit foreign companies to a maximum of 20% of the broadcaster’s voting rights.

MultiChoice Group stays committed to the challenging Nigerian market – CEO

Despite facing severe economic challenges in Nigeria, MultiChoice Group remains committed to its operations in the country….

By: IBK

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