Lincoln Mali JSE- and Nasdaq-listed fintech Lesaka Technologies is involved in a corporate shake-up, including an internal rationalisation of its operating portfolio and an outward facelift of its brand identity. Lincoln Mali, MD for Southern Africa at Lesaka Technologies, said the incorporation of recently acquired Bank Zero into the Lesaka stable – which still requires…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Todd Combs’ surprise departure from Berkshire Hathaway got most of the attention when it was announced this week. There were also, however, several additional personnel…
Hong Kong — The death toll from a fire that tore through a Hong Kong residential complex climbed to 128 on Friday as more bodies were found in the blackened towers, authorities said. Secretary for Security Chris Tang told reporters at the scene that the search for victims was continuing and the numbers could still rise….
While electricity consumption in the ICT sector is expected to continue growing between now and 2030, greenhouse gas emissions will decrease due to an uptake in renewable energy by ICT companies. According to the latest Ericsson Mobility Report, released on Thursday, AI data centres are the main driver of increased electricity consumption, with about 40%…
Venezuela announced Tuesday that it was launching a massive military exercise across the country, reportedly involving some 200,000 forces, in response to the increasing presence of U.S. military assets in the region. The announcement by Venezuela’s military came as the U.S. Department of Defense confirmed the nuclear-powered aircraft carrier USS Gerald Ford had entered the…
The Trump administration is expected to announce, as early as this week, a deal with drugmakers Eli Lilly and Novo Nordisk to lower the price of their weight loss drugs in exchange for limited Medicare coverage, according to two people familiar with the plan. The deal would reduce the cost of the lowest doses of…
With the African Growth and Opportunity Act (AGOA) that has anchored U.S-Africa relations since 2000 set to expire on September 30, prospects for extension or renewal grow increasingly slim. Among foundational principles that have anchored AGOA, the key one is the duty-free entry of specific African products into the American market. “AGOA has helped bolster economic growth,…
TLDR African mobility fintech startup Moove is close to finalizing a $1.2 billion debt financing round to support its rollout of autonomous vehicles in the United States The round is reportedly oversubscribed, with strong interest from private credit funds and banks. Final terms are expected to be concluded in the coming weeks Moove initially offered…
The Lagos State Commissioner for Health, Prof. Akin Abayomi, says the state is on the verge of making history, positioning itself to become the first West African geopolitical zone to eliminate malaria. This, Abayomi says, will not be through a vaccine or genetically modified mosquitoes but by employing “simple common sense” medical practices and a…
Hurricane Erick — the fifth-named storm of the Eastern Pacific hurricane season — is approaching the coast of southern Mexico as “an extremely dangerous” Category 4 storm, the National Hurricane Center said around 4 a.m. ET on Thursday. Erick strengthened into a major storm hours earlier, and the hurricane center said its “extremely destructive winds”…
