Kinshasa, DRC — The peace agreement recently signed between the Democratic Republic of the Congo (DRC) and Rwanda “is only a beginning; the real work starts now,” DRC Foreign Minister Therese Kayikwamba Wagner said late Thursday at a press conference. The two neighbors inked the peace deal on June 27 in Washington, aiming to end…
Bank Zero, the innovative digital mutual bank, is set to be acquired by Lesaka Technologies for R1.1 billion, according to an announcement by Bank Zero chairman and co-founder Michael Jordaan. The acquisition is pending necessary regulatory approvals. Read: Honor unveils the world’s thinnest foldable, the Magic V5 Bank Zero, co-founded seven years ago by Michael…
The Chairperson of the African Union Commission, Mahmoud Ali Youssouf, has welcomed the signing of a peace agreement between DR Congo and Rwanda, describing it as a “historic development” in efforts to restore peace and stability in the Great Lakes region. According to a statement from the African Union (AU), the agreement, signed on Friday,…
Rwanda and the Democratic Republic of Congo have signed a peace deal in Washington aimed at ending decades of devastating conflict between the two neighbours, and potentially granting the US lucrative mineral access. The deal demands the “disengagement, disarmament and conditional integration” of armed groups fighting in eastern DR Congo. Further details are scant and…
Lesaka Technologies has agreed to buy the digital bank chaired by former FNB CEO Michael Jordaan for R1.1-billion. Jordaan announced the acquisition in a post on social media late on Thursday evening. “So Lesaka Technologies Inc bought @BankZeroSA for R1.1-billion. Lot of regulatory approvals still needed, but both teams are excited about the merger synergies,”…
Despite the high cost of illegal fishing, only a third of African countries have signed the landmark agreement that will soon take effect. The World Trade Organization (WTO) Agreement on Fisheries Subsidies is on track to be adopted this year, with Ghana the latest African country to ratify. Nine more ratifications are needed to reach…
The merger would have united SA’s largest mobile network operator with a key player in fibre infrastructure. The Competition Tribunal has concluded that the proposed R14 billion merger between Vodacom and Maziv “cannot be justified on substantial public interest grounds”. Yesterday, the competition watchdog provided the public version of the reasons why it prohibited the…
It’s many months late, but the Competition Tribunal has finally released its reasons document – or at least, a non-confidential version thereof – outlining why it decided to block Vodacom’s acquisition of a co-controlling stake in fibre operator Maziv. The tribunal last October shocked the merging parties – and the telecommunications industry – when it…
Juwi’s Prieska solar plant, with 86MW capacity. International firm Juwi Renewable Energies today announced it has signed two solar module supply agreements with JA Solar, an African solar module supplier. According to Juwi, the deal is for 420 000 solar panels for two large-scale projects totalling 220 megawatts (MW), currently being executed for key industrial…
Yellow Card Financial and Visa have signed a deal to promote the use of stablecoins for cross-border payments in emerging markets where the cryptocurrency exchange operates. The two will explore opportunities to streamline treasury operations, enhance liquidity management, and enable faster and more cost-effective transfers, according to Yellow Card co-founder and CEO Chris Maurice. “Visa…
