Axian Telecom, located in Mauritius, plans to purchase Wananchi Group, the owner of the Zuku brand throughout Africa, for an unknown amount. Documents submitted to the Comesa Competition Commission indicate that Axian intends to purchase 99.63 per cent of Wananchi Group. Axian’s influence in African Telecommunications  Axian’s owner is Hassanein Hiridjee from Madagascar. The company […]

Global accounting software company Xero has revealed that it is paying up to $70 million to acquire South African cloud-based reporting and analytics platform Syft Analytics. Anticipated to conclude in the first quarter of 2025, this acquisition represents a significant advancement in Xero’s growth and dedication to improving its insights and reporting capabilities in strategic […]

Pavel Durov, the CEO of Telegram, made his first remarks after being arrested at Le Bourget Airport, which is close to Paris. Durov stated that Telegram is not the “anarchic paradise” as some have depicted, calling the charges made against him a “misguided approach.” “Using laws from the pre-smartphone era to charge a CEO with […]

President Emmanuel Macron denied any political involvement in the arrest of tech tycoon Pavel Durov, founder of Telegram, who is currently in detention in France. Durov was unexpectedly arrested at a Paris airport, and his detention has sparked significant attention. Many people have taken to different social media platforms, especially X (formerly Twitter), to demand […]

While French authorities have been reticent thus far, Russian legislators have expressed disapproval of Mr. Durov’s arrest on Saturday. Following Pavel Durov, the CEO of Telegram, who was in continuous detention in France, the company believes he has “nothing to hide” and that the accusations against him are absurd. After his private jet touched down […]

CEO and billionaire Pavel Durov of Telegram, who was detained at a Paris airport on suspicion of crimes relating to his well-known messaging app, is scheduled to appear in court on Sunday, according to AFP sources. After the French-Russian billionaire, 39, was apprehended on Saturday night at Le Bourget airport, Russia has accused France of […]

Africa Creative Market (ACM) 3.0, the continent’s premier creative event, will take place from September 17th to 20th, 2024, at the Landmark Event Centre, Lagos, under the theme “Innovation Meets Imagination.” Organised by Ascend Studios Foundation, the event will gather over 10,000 attendees from 25 countries.  This year’s edition will bring together creative visionaries, emerging […]

Duplo, the leading provider of payment, spend, and vendor management solutions for African businesses, predicts that changing global trade patterns and new payment solutions will boost cross-border B2B payments in Africa and unlock the full potential of intra- and extra-continental trade. The third of Duplo’s annual B2B payment report, “The State of Cross-Border B2B Payments […]

Through creative job coaching and mentoring, Marketlyhub, a fast-growing startup, wants to connect and empower 3000 migrants and ethnic minorities by 2027. As an experienced product marketer and digital project manager, Edward Enejoh started Marketlyhub out of his love for business. It is changing the job market in Africa and the UK. For over a […]

Following negotiations between President Yoweri Museveni and the South Korean company community owning HINENI Ltd over the opening of a new plant to produce electric batteries and components in Uganda, Uganda’s motor vehicle sector is poised for a significant take-off. These very ambitious ideas seek to align Uganda’s automotive sector with Kiira Motors Corporation’s mission. […]

Following the social media giant’s announcement of planned worldwide layoffs in June 2024, several staff members on the TikTok African team were let go. According to someone who knows the situation, the ByteDance-owned company eliminated a few positions from the African team in March before informing staff members about the impending layoffs in May. According […]

Egypt increasingly claims to be a vital participant in the world energy scene. With its most recent action to increase electricity exports to Asia, the nation is showing a calculated change that is strengthening its economy and positioning itself as a significant energy hub between Africa, Europe, and Asia.  This development indicates Egypt’s increasing capacity […]

Susan Wojcicki, the former CEO of YouTube, died yesterday, August 9, 2024. She was a well-known person in the tech world; She died at 56. Her death ended an era for the global video platform she helped build. Many people in the tech business look up to her and how she changed things at YouTube. […]