Early momentum is real, but AU member states, private capital and wary US investors have yet to be brought on board. Since the African Union Commission (AUC) and United States (US) government signed off on the Strategic Infrastructure and Investment Working Group (SIWG) in January, the platform has begun to take shape. Projects are being…
Nairobi — OMS Africa, the brokerage business majority-owned by Kweli Capital Group, has appointed Lydia Wangare Gakanga as its principal officer. Gakanga takes over the regulatory role after joining from Stanbic Bank Kenya, where she was an investment specialist in the Wealth and Investments team. She has more than a decade of experience spanning banking,…
Appearing at public hearings hosted by the Independent Communications Authority of South Africa (ICASA), SpaceX urged regulators to address the ownership compliance rules currently preventing Starlink from securing an operating license in South Africa. Representing SpaceX, Ryan Goodnight, Senior Director for Market Access and Development, addressed the authority regarding draft amendments to the Radio Frequency…
On this episode of ITWeb TV, NTT Data South Africa’s managing executive Amantha Naidoo outlines the company’s asset-light strategy, artificial intelligence ambitions, and its plans to grow South African technology talent. #Datacentres #AI #Cloud #data centers NTT Data South Africa is repositioning for a new era of artificial intelligence (AI)-driven infrastructure, shifting away from owning…
Africa stands at a defining economic crossroads. Across the continent, there is no shortage of entrepreneurial ambition, innovation, or market opportunity. From manufacturing and agribusiness to technology and retail, African businesses are emerging with the potential to compete regionally and globally. Yet despite this momentum, one challenge continues to limit the ability of many enterprises…
Discovery Bank and Visa data shows ride-hailing growth is now outpacing fuel spend, especially among younger urban consumers. South Africans are increasingly turning to ride-hailing services, as convenience, shifting economics and changing mobility habits reshape urban transport behaviour. This is according to the latest edition of the SpendTrend26 report, compiled by Discovery Bank and Visa, which…
Karl Blom, partner at Webber Wentzel. Legal uncertainty around artificial intelligence, intellectual property and data security is growing. South African organisations should proceed carefully when deploying AI tools. This is according to Karl Blom, partner at Webber Wentzel, and Tristan Marot, innovation lawyer at Webber Wentzel Fusion. Presenting together at the ITWeb Data Insights Summit…
In any successful business, the desire to expand is often powerful, and for franchising it is no different. Once a franchisee has successfully operated a single outlet, the next logical step would appear to be growth by opening a second or third store for multi-store ownership, or even building a regional footprint. “Real, sustainable growth…
South Africa’s proposed changes to foreign ownership restrictions on local broadcasters do not go far enough to remove the “red tape” that inhibits foreign direct investment in the country’s broadcasting sector, according to the Free Market Foundation. Current legislation limits foreign investors’ voting rights to just 20%, even if their economic interest is higher. But…
SuperSport CEO Rendani Ramovha SuperSport United, the Premier Soccer League (PSL) team owned by MultiChoice Group subsidiary SuperSport, is being sold to an entity linked to the former Bloemfontein Celtic football club. According to a SuperSport statement on Thursday, the sale to Siwelele Football Club was agreed following a closed bidding process. It remains subject…
