Silicon Valley Bank’s collapse: The implication for African startups
The news is that Silicon Valley Bank, the bank of choice for most startups and venture capitalists, was shut down by the Federal Deposit...
Data Centre Expert Jonathan Duncan Joins Vertiv Africa Engineering and Technical Team
Johannesburg, May 26, 2023 – Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, has appointed Jonathan Duncan as application engineering and technical solutions...
Tencent stock falls as Prosus/Naspers to sell shares to fund buybacks
Dutch technology investor Prosus NV PRX.AS, PRXJn.J on Monday announced it will gradually sell down its massive stake in Tencent 0700.HK, reversing a pledge...
IMF worried about impact of South Africa’s growth outlook on poverty
The International Monetary Fund (IMF) said on Tuesday at the end of a visit to South Africa that its staff were increasingly concerned about...
US dollar starts week on strong footing as investors seek safety
The greenback on Monday began the week just off a 20-year high against peers, as investors sought safety due to concerns over global growth,...
Vodacom South Africa appoints managing director
Vodacom Group has appointed Sitho Mdlalose as managing director (MD) of Vodacom South Africa, effective 01 July 2022.
Mdlalose is currently the managing director of...
Shell pauses sale of Nigerian onshore oil assets
Shell (SHEL.L) said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that...
ECOWAS: Ghana delegates highlight economic reforms, labour resistance
Ghana's delegates to the ECOWAS Parliament have revealed some of the country's economic reforms in recent times.
The Hon Alexander Kwamena Afenyo-Markin-led eight-member delegates said...
CAR: ex-President François Bozize leaves Chad for Guinea Bissau
One of the main leaders of the Central African rebellion, ex-president François Bozizé, has left Chad where he was exiled for Guinea-Bissau, which has...
Nigerian banks pay N7.7b as audit fees to PwC, KPMG, EY others in 2021
Listed commercial banks operating in Nigeria paid an aggregate of N7.72 billion to auditing firms in 2021, which is 25.1% and 36.1% higher compared...
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