Business
The rhythm of Nigeria's business world
In an era defined by economic dynamism, Africa emerges as a continent of burgeoning growth and opportunity. According to the latest report from the African Development Bank titled Macroeconomic Performance and Outlook (MEO), the top 10 fastest-growing economies in Africa for 2024 paint a...
Africa
French Media Giant Canal+ Proposes $2.9 Billion Bid for MultiChoice in Pan-African Broadcasting Move
French media group Vivendi’s Canal+ has announced its intention to acquire all remaining shares of South African broadcaster MultiChoice, marking a significant move in the global media landscape.
The proposed offer, valued at 125 rand per share in cash, represents a premium of 66% over...
Africa
MainOne Announces Eight-Week Repair Timeline for Subsea Cable After West Africa Internet Outage
MainOne, a key player in digital infrastructure services, has disclosed that the repair process for the recently damaged subsea cables, causing widespread internet disruptions in Nigeria and other West African countries, will extend up to eight weeks. The outage, which occurred on March 14...
MainOne, a West African digital infrastructure service provider, anticipates that repairing its undersea submarine cables may take one to two weeks following major cuts to undersea cables on Thursday, causing internet disruptions across the continent.
The cable cuts affected the operations of...
A series of major submarine cable cuts in the Red Sea on Thursday sent shockwaves through the digital infrastructure of several African nations, resulting in widespread internet disruptions in Nigeria, Ghana, Cote d’Ivoire, Liberia, and parts of South Africa.
The affected submarine cable...
Ghana's government is at risk of losing a substantial $3.8 billion in World Bank funding due to the recent passage of an Anti-LGBTQ+ bill by the country's parliament.
The Finance Ministry has urgently appealed to President Nana Akufo-Addo to delay signing the bill into law until its...
French media company Canal+ has confirmed its intent to acquire additional shares of South African pay-TV company MultiChoice (MCGJ.J) by April 8, following a ruling by South Africa’s Takeover Regulations Panel.
With a 35.01% shareholding in MultiChoice, Canal+ is required to make a firm...
After Elon Musk's takeover, Twitter has finally paid severance to its former African team based in Accra, according to their lawyer, Carla Olympio. The team faced layoffs, and severance offers were reportedly extended only after CNN brought attention to the situation.
Olympio emphasized the...
South African tycoon Johann Rupert has claimed the throne as Africa's wealthiest individual, surpassing long-reigning champion Aliko Dangote, according to Forbes Magazine's latest ranking. Rupert, with a staggering net worth of $10.3 billion, leads the pack, signaling a shift in the continent's...
Africa
Environmental and Social Concerns Heighten as Blue Carbon Secures Vast African Territories for Climate Initiatives
Blue Carbon, a Dubai-based company led by Emirati royal Sheikh Ahmed Dalmook Al Maktoum, has acquired forested land across Zimbabwe, Zambia, Kenya, Liberia, and Tanzania, equivalent to the size of the United Kingdom. The controversial move aims to run carbon offset projects, conserving forests...
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