Zimbabwe changes tax regulation on data, smartphones
Government looks to generate more revenue from employees that work from home.
Nigeria, SA help Africa attract US$8.5bn in FDI
Market research shows telecommunications attracted the second highest number of FDI projects last year, after business services.
WIOCC raises US$200m to expand connectivity and datacentre rollout
Equity capital raised from CAPE IV, a fund managed by leading Africa focused private equity fund manager, African Capital Alliance.
Uganda Stock Exchange
MTN closes Uganda IPO ahead of 6 December listing
High expectations that the IPO would be well subscribed.
MTN Nigeria advances on IPO plans
Company secures approval from the Securities and Exchange Commission.
Tax burden too heavy say Zim telcos
Industry appeals to authorities to cut taxes and remove duties levied amid increasing economic pressure.
Nigeria’s Shuttlers secures US$1.6m to scale up operations
Investment round led by VestedWorld, a Chicago and Africa-based investment firm with Interswitch, and Rising Tide Africa, among others.
Safaricom upbeat over Ethiopia despite conflict
Company announces investment target of between US$1.5bn and US$2bn.
Vodacom hits acquisition trail, begins with Vodafone Egypt for R41bn
Group also acquires strategic stake in CIVH assets to establish InfraCo entity.
Kyndryl finalises separation from IBM
The IT services firm completes its spin-off from IBM and begins trading as an independent company on the New York Stock Exchange.
JUMO raises US$120m in latest funding round
Fund will be used to support platform capacity, as well as company’s international expansion in new markets such as Nigeria and Cameroon.
Cassava Smartech’s revenue takes a knock
Group chairperson, Sherree Shereni attributes the drop in revenue to the firm’s diversification strategy.
There’s enough room for e-Naira says Luno’s GM
Marius Reitz believes it will take some time before the currency gains traction in the market.
No results :(