The European Union will suspend retaliatory tariffs on goods from the United States that were scheduled to take effect on Monday. The EU hopes it can reach a trade deal with the Trump administration by the end of the month. “This is now the time for negotiations,” European Commission President Ursula von der Leyen told…
Chief executive officer of Google Sundar Pichai. Marek Antoni Iwanczuk | Sopa Images | Lightrocket | Getty Images Google on Friday made the latest a splash in the AI talent wars, announcing an agreement to bring in Varun Mohan, co-founder and CEO of artificial intelligence coding startup Windsurf. As part of the deal, Google will…
Vodacom’s acquisition of a co-controlling stake of up to 40% in Vumatel parent Maziv is suddenly back on the table following a dramatic development in the case. The Competition Commission said on Tuesday that it has reached an agreement with both Vodacom and Maziv, which also owns Dark Fibre Africa, that could see the deal…
Vodacom’s acquisition of a co-controlling stake of up to 40% in Vumatel parent Maziv is suddenly back on the table following a dramatic development in the case. The Competition Commission said on Tuesday that it has reached an agreement with both Vodacom and Maziv, which also owns Dark Fibre Africa, that could see the deal…
Domestic power struggles between President Tshisekedi and former president Kabila will likely complicate difficult negotiations with M23. Recent efforts to resolve the M23 crisis in eastern Democratic Republic of the Congo (DRC) have taken a new turn. After the breakdown of the Angola-led Luanda talks in mid-December 2024, a joint East African Community-Southern African Development…
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,”…
