Business

A few days after my last column on Africa, COVID-19 and the disruptive concept of work, I saw a screaming headline from a Time Magazine news article on the 7th of May, 2020: “South Africa Parliament Video Call Hacked With Explicit Images“. The South African Parliament, like most parliaments in the world, switched to virtual meetings, in respect for the...

Sequel to the takeover of Peugeot Automobile Nigeria (PAN) Limited, the new major investor in the company, Nesbitt Investment Nigeria Limited, recently announced its plans to provide liquid capital of $150 million over the next three years. According to Nesbitt, the fund is to "awaken this huge sleeping giant of immense economic potential." In his opening remarks on Monday 19...

Samsung enters into partnership with SoFi and Mastercard to create a new Samsung Money service, which will be available in the US later this summer. The company is suddenly creeping into the personal finance game with its no-fee Samsung Money cash management service and debit card for Galaxy device users, launching later this summer. Recently, Samsung shared details about its...

Based on the research data analyzed and published by ForexSchoolOnline.com, Activision Blizzard stock has soared 111% over the past three years. The stock has outperformed the overall stock market, recording a 39.9% growth rate year-to-date. However, the company's revenues have taken a beating during the same period, dropping by 1.5%. Similarly, a Newzoo research report shows a drop of -18%...

Warren Buffett gave Berkshire Hathaway Inc. shares valued at about $2.9 billion to charities including the Bill & Melinda Gates Foundation as part of his annual plan started more than a decade ago. The nearly 16 million Berkshire Class B shares were donated to a total of five philanthropies, including ones run by his children, according to a statement Wednesday. Buffett has given more...

MainOne, West Africa's premier connectivity and data centre solution provider recently on-boarded BMI-CI on its network by providing world-class, internet infrastructure and data centre solutions. BMI-CI is a financial technology company that specializes in the design, deployment and management of technological, IT and electronic payment solutions. In a bid to improve its productivity and provide robust services to its customers,...

…plans Roll-Out in Nigeria, Egypt, Tunisia, and Kenya The creation of the mobile business happened the second that prepaid calling was executed. Users with no secure income except for generally limited amounts of money could become clients when they had money. This week Mondia, a leading independent digital entertainment enabler, has launched a content platform that may turn into the...

General Electric (GE) has announced the appointment of Nyimpini Mabunda as the Chief Executive Officer for Southern Africa. In this role, Nyimpini will lead GE's growth in the region and drive alignment across its Power, Healthcare, Aviation and Renewable Energy businesses. He will also drive GE's BBBEE roadmap and processes in South Africa. With a career spanning 23 years, Nyimpini...

EgyptAir said it will restart flights to Doha starting Monday; only a few days after Egypt officially lifted a three-and-half-year airspace ban on the Gulf country. In an official statement on Thursday, EgyptAir said it would operate a daily flight between Cairo and Doha starting 18 January. The flight scheduled to take off from Cairo at 9 am and the...

Stripe, a US-based payments giant, is venturing its business into Africa by obtaining Lagos-based payments firm Paystack in an arrangement supposedly worth more than $200 million. Established in 2015 by Shola Akinlade and Ezra Olubi, Paystack tackled online payments in Nigeria. Via seamlessly interfacing all multi-channel payment alternatives with traders nationwide, it empowered them to acknowledge payments from around the globe...