US trade representative Jamieson Greer on Tuesday said he is open to treating South Africa differently than other African countries if Washington extends a trade initiative with sub-Saharan Africa that expired in September. Greer told a US senate appropriations subcommittee hearing that the Donald Trump administration was open to a one-year extension of the African…
The Trump administration announced a deal Tuesday to officially end a major student loan repayment program implemented under President Joe Biden. The Education Department said in a news release that it reached a proposed joint settlement agreement with Missouri to bring an end to Biden’s “Saving on a Valuable Education” plan. Several Republican-led states had…
Capitec’s head office in Stellenbosch. Image: Capitec Capitec is moving deeper into South Africa’s fast-growing payments ecosystem with a R400-million acquisition of fintech player Walletdoc, a move that signals the Stellenbosch-based bank’s intention to broaden its reach in digital commerce and lower the cost of transacting. The bank said on Monday that it has signed…
Capitec Bank has entered into a binding agreement to acquire 100% of Walletdoc Holdings Proprietary Limited, subject to regulatory approvals. The move forms part of Capitec’s strategy to enhance its digital payments ecosystem for both Business and Personal Banking clients. Founded in 2015, Walletdoc is a South African fintech providing scalable payment gateway solutions for…
The acquisition by Netflix of big chunks of Warner Bros Discovery in a US$72-billion megadeal could hardly have come at a worse time for MultiChoice Group. Reuters reported that Netflix has agreed to buy Warner Bros Discovery’s TV and film studios and streaming division for $83-billion (including debt), a deal that would hand control of one…
Nairobi — The Democratic Republic of the Congo (DRC) and Rwanda are preparing to convene the inaugural summit of their new Regional Economic Integration Framework (REIF), a landmark platform designed to advance joint projects in mining, tourism, public health, energy, and infrastructure. The initiative–first disclosed in June–is a central pillar of a broader peace agreement…
Vodacom Group CEO Shameel Joosub Vodacom Group has moved to cement its position in East Africa with a R36-billion transaction that will see it take majority control of Safaricom, one of the continent’s most valuable telecommunications operators and fintech players. The Johannesburg-headquartered group said on Thursday it has reached an agreement with the government of…
Beta Technologies shares surged more than 8% after air taxi maker Eve Air Mobility announced an up to $1 billion deal to buy motors from the Vermont-based company. Eve, which was started by Brazilian airplane maker Embraer and is now under Eve Holding, said the manufacturing deal could equal as much as $1 billion over…
Debating Ideas reflects the values and editorial ethos of the African Arguments book series, publishing engaged, often radical, scholarship, original and activist writing from within the African continent and beyond. It offers debates and engagements, contexts and controversies, and reviews and responses flowing from the African Arguments books. It is edited and managed by the…
Ralph Mupita MTN’s long-running pursuit of Telkom has become something of a South African corporate legend – three attempts across multiple CEOs, countless political crosswinds and, ultimately each time, no deal. Yet, in an interview with TechCentral Show to be published later this week, MTN Group CEO Ralph Mupita made it clear that the logic…
