IHS Holding’s board backed MTN Group’s plan to buy out other shareholders and take the telecom tower operator private, setting up a vote on one of Africa’s largest digital infrastructure deals. MTN will offer $8.50 a share in cash through its subsidiaries Mobile Telephone Networks Netherlands B.V. and Sub-Merger Co. If approved, IHS will become…
The online auction giant said it doubted how the video game retailer would finance its offer.
Without a collective approach from African states, China’s tariff-free market access will not be the silver bullet many expect. China’s decision to extend tariff-free access from 1 May to all African countries, barring Eswatini (with which it maintains no diplomatic ties), has been widely welcomed across the continent. At a moment when global trade is…
President Donald Trump said Saturday that he was reviewing a new offer from the Iranian regime to end the war, but offered little optimism that the proposal would succeed. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “I will soon be reviewing the plan that Iran has just…
CBS News producer Seyed Rahim Bathaei in Tehran said Tuesday that, as far as he can see on the ground, the government remains fully in control and the country is not in a “state of collapse, by any standards at all.” President Trump said in a brief social media post earlier Tuesday that Iran had…
Microsoft is preparing to further reduce its US headcount through its first-ever voluntary buyout program, according to reports from CNBC. The initiative targets veteran employees at the senior director level and below whose combined age and years of service total 70 or higher. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Is the AI bubble…
Nairobi — The African Union (AU) will convene African ambassadors in Beijing this week for a high-level retreat aimed at sharpening the continent’s strategy to fully exploit China’s 100 percent tariff-free market access offer. The two-day meeting, scheduled for April 23-24, will focus on strengthening coordination among African states to operationalise the preferential trade arrangement,…
Under the auspices of H.E. Mahmoud Ali Youssouf, Chairperson of the African Union (AU) Commission, the AU Permanent Mission to China, led by H.E. Amb. Alhaji Sarjoh Bah, AU Permanent Representative to the People’s Republic of China, is convening the Annual Retreat of the Group of African Ambassadors in China on the theme “Leveraging China’s…
No consumer data was breached after hackers gained access to “sensitive” technical information, says Lesaka. (Source: Lesaka) JSE-listed Lesaka unit Adumo is assuring its clients that no consumer data was breached during a cyber attack that apparently resulted in thousands of files being made available for sale on the dark web. Website dailydarkweb.net reports that…
Two of South Africa’s biggest trade unions have rejected an improved 6% salary increase offer from state-owned power utility Eskom, their representatives said on Tuesday. Eskom has dragged on the economy for years, owing to power cuts and the company’s financial troubles, but improved performance from its coal-fired power stations has halted outages and brought…
