Financial

Zimbabwe changes tax regulation on data, smartphones

Government looks to generate more revenue from employees that work from home.
Tawanda Karombo
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2:10
Wednesday

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.
4:00
Wednesday

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.
2:10

MTN Nigeria advances on IPO plans

Company secures approval from the Securities and Exchange Commission.
1:40

Tax burden too heavy say Zim telcos

Industry appeals to authorities to cut taxes and remove duties levied amid increasing economic pressure.
2:10

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.
2:10

Safaricom upbeat over Ethiopia despite conflict

Company announces investment target of between US$1.5bn and US$2bn.
5:40

Vodacom hits acquisition trail, begins with Vodafone Egypt for R41bn

Group also acquires strategic stake in CIVH assets to establish InfraCo entity.
1:40

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.
2:00
8 Nov

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.
1:20

Cassava Smartech’s revenue takes a knock

Group chairperson, Sherree Shereni attributes the drop in revenue to the firm’s diversification strategy.
1:30
5 Nov

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.