The potential investment in OPay followed Standard Bank Group’s disclosure that it plans to increase its investments in companies across Africa in June. Africa’s largest bank by assets, Standard Bank Group is in negotiations with Nigerian fintech company OPay ahead of the latter’s planned initial public offering (IPO) in the United States. OPay is working…
“I’ve gone through almost the same thing they are going through. And I just decided that I’m not…” Veteran Nigerian galala singer John “Daddy Showkey” Asiemo has expressed disappointment over the long-running feud between P-Square singers Peter and Paul Okoye and their elder brother and former manager, Jude Okoye. Daddy Showkey made the remarks during…
NSFAS administrator, professor Hlengani Mathebula. (Image source: X) ICT has emerged as the biggest operational risk facing the National Student Financial Aid Scheme (NSFAS). Administrator, professor Hlengani Mathebula, warns that outdated and fragmented technology systems are undermining funding administration, payments and student services. Mathebula made the remarks as he submitted the NSFAS administration’s stabilisation plan…
Social media is transforming the financial scam landscape in South Africa. (Image created via ChatGPT) South Africans are increasingly falling victim to investment scams promoted through social media and online platforms, prompting the Financial Sector Conduct Authority (FSCA) to intensify enforcement against digitally-enabled financial misconduct. The warning comes following the release of the FSCA’s latest…
Dangote Petroleum Refinery has filed an initial public offering application with Nigeria’s Securities and Exchange Commission, moving the company closer to a listing on the Nigerian Exchange. SEC Director-General Emomotimi Agama said the refinery’s advisers are working with the regulator and that the company is targeting September 2026. No offer or listing date has been…
A 37-year-old Spokane, Washington, resident with a previous manslaughter conviction was arrested Monday in connection with the largest of the region’s three wildfires, which have displaced thousands of people and destroyed hundreds of structures, authorities said. Aaron Farinacci, 37, was taken into custody without incident with the help of a SWAT team after a judge…
The businesses pulling ahead today have redesigned processes so information moves automatically. (Image source: iStock) For years, business growth followed a familiar formula. More customers meant hiring more people. More work meant expanding the team. More administration meant adding another pair of hands to keep things moving. That approach worked when growth was driven by…
Microsoft added nearly US$450-billion in market value on Thursday, the largest one-day gain on record for any company, after it forecast stronger-than-expected cloud growth and signalled continued cash generation through its new fiscal year. The software giant’s shares closed up more than 15%, lifting its market capitalisation to $3.35-trillion, surpassing chip giant Nvidia’s previous record…
Africa is not short of remarkable stories. It is short of Africans telling them. That belief is driving entrepreneur Julius Kyazze beyond music, entertainment and business into what he sees as one of the continent’s next great creative frontiers: African storytelling. The Swangz Avenue co-founder says Africa has spent decades consuming stories produced elsewhere while…
Some of the most extraordinary gems ever found belong to a rare class of diamonds known as CLIPPIRs (Cullinan-like, Large, Inclusion-Poor, Pure, Irregular, Resorbed). They make up less than 1% of all diamonds on Earth, and include three of the largest diamonds ever recovered, the Cullinan, at 3,106 carats, found at the Premier mine in…
