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Thursday, 3 September
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Thursday, 3 September

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

Africa

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.

Canal+ ordered to make mandatory bid for MultiChoice shares by SA regulators with 35.01% stake

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…

By: IBK

In the payment landscape of the Middle East and Africa (MEA), Money Hash has successfully raised $4.5 million in funding for its payment orchestration platform tailored for merchants in the region.

Egypt’s MoneyHash secures $4.5m investment to boost payment plan for MENA merchants

In the payment landscape of the Middle East and Africa (MEA), Money Hash has successfully raised $4.5 million in funding for its payment orchestration platform…

By: IBK

IFC has today announced the names of 100 women-led startup owners selected to participate in the She Wins Africa programme.

IFC announces 100 women startups to receive growth support through ‘She Wins Africa’

IFC has today announced the names of 100 women-led startup owners selected to participate in the She Wins Africa programme….

By: IBK

Now, the country will add stablecoins as a particular type of crypto. This development, which is seen as a digital disruption, has been exemplified in East Africa where blockchain technology facilitated access to global markets for remote populations. In July 2023, agric technology companies, Dimitra and One Million Avocados (OMA) collaborated to empower Kenyan avocado farmers with advanced technologies, including blockchain, to enhance production and quality.

South Africa targets stablecoin and blockchain use cases in 2024 budget review

As part of its initiative to promote digital payments, South Africa, in its annual budget, has unveiled the Treasury’s strategy to advance the adoption of…

By: IBK

FairMoney, a digital digital bank headquartered in Paris and based in Lagos, is in early-stage discussions for a $20 million all-stock acquisition of Umba, a credit-focused digital bank operating in Nigeria and Kenya.

FairMoney explores $20m all-stock acquisition of Umba to expand presence in Nigeria and Kenya

FairMoney, a digital digital bank headquartered in Paris and based in Lagos, is in early-stage discussions for a $20 million all-stock acquisition of Umba, a…

By: IBK

Elon Musk and X formerly known as Twitter have agreed to pay a fair settlement to the former employees in its African office in Ghana after they were laid off in November 2022

X agrees ‘fair settlement’ for former employees in Ghana 7 months after $500m lawsuit

Elon Musk and X formerly known as Twitter have agreed to pay a fair settlement to the former employees in its African office in Ghana…

By: IBK

Businesses and companies in Africa can now deploy the recently launched Google Gemini AI, to create effective Google Search Advertisements, per a release sent to Technext on Monday.

Africans can now use Google Gemini for Search Ads; here’s how

Businesses and companies in Africa can now deploy the recently launched Google Gemini AI, to create effective Google Search Advertisements, per a release sent to…

By: IBK

Showmax increased its market share in Africa to 39 per cent. This was way higher than Netflix which claimed 33.5 per cent of the African market share.

Showmax overtakes Netflix as Africa’s biggest streaming platform with 39% share

Showmax increased its market share in Africa to 39 per cent. This was way higher than Netflix which claimed 33.5 per cent of the African…

By: IBK

Kenyan electric mobility startup Roam, formerly known as Opibus, has secured a substantial boost of US$24 million in debt and equity funding.

Kenya’s Roam secures $24m funding to expand its e-mobility service across Africa

Kenyan electric mobility startup Roam, formerly known as Opibus, has secured a substantial boost of US$24 million in debt and equity funding….

By: IBK

Opera MiniPay is a self-custodial dollar stablecoin wallet seamlessly integrated into the Opera Mini brow

Opera MiniPay crosses 1 million users in Africa 5 months after its launch

Opera MiniPay is a self-custodial dollar stablecoin wallet seamlessly integrated into the Opera Mini brow…

By: IBK

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