Abuja — Despite controlling at least 60 per cent of West Africa’s $80 billion oil market, Nigeria’s cost of drilling per barrel is about 40 to 50 per cent higher than its peers, a report by Deloitte, a global firm which provides audit, consulting and financial advisory services across various industries, has said. Besides, the…
President Paul Kagame has issued a call for world leaders to embrace a new model of cooperation between Africa and Europe, urging partnerships built on equality, shared risk, and mutual benefit, as global economic and political shifts reshape traditional approaches to globalisation. The Head of State was speaking on Thursday, October 9, at the second…
The V60 Lite 5G is Vivo’s latest new device in the South African market. Chinese original equipment manufacturer (OEM) Vivo is aiming to clinch a top three spot in SA’s postpaid smartphone market, as it looks for bigger market share locally. This is according to Tony Shi, general manager of Vivo SA, speaking at the…
Naspers has declared and finalised a five-for-one subdivision of both its “N” and “A” shares, saying the move will make the stock more accessible to retail investors. The implementation will kick in from Monday, 6 October 2025. New N ordinary shares will list on the JSE from Wednesday, 1 October, with the record date set…
MTN Group CEO Ralph Mupita has admitted that the group’s South African operation has lost market share to rival Telkom, especially in the prepaid mobile market. According to Mupita, although competition from long-time rival Vodacom and on-the-mend Cell C remains intense, Telkom is grabbing market share in a “discernible” way from MTN South Africa. “Have…
ADDIS ABABA – Officials at the United Nations Framework Convention on Climate Change (UNFCCC) Week 2 called for the removal of bureaucratic hurdles that hinder progress to climate financing in global south. The Climate Week 2, 2025 has officially opened yesterday in Addis Ababa under the theme “Dialogues for Ambition and Implementation” At the event,…
Flagship Asset Management’s Philip Short Blue Label Telecoms’ share price has plunged more than a quarter in the past two days after its annual results, published on Tuesday, appeared to disappoint investors. Philip Short of Flagship Asset Management has been particularly bullish about the prospects for Blue Label, in large part because of the emerging…
MTN Zakhele Futhi’s only asset is MTN shares. As MTN’s empowerment fund starts to wind down, the picture for shareholders looks bleak given that its shares have fallen sharply and dividends have been sparse. MTN Zakhele Futhi (MTNZF) was launched in 2016 to replace MTN’s original Zakhele Scheme, which ran from 2010 and was unwound…
Jake Lapham BBC News in Anchorage BBC Hanna Correa and her son Milan attend a protest in Anchorage “Putin is supposed to be in jail, and he just comes to Alaska like that.” Hanna Correa is amongst a sea of Alaskans waving Ukrainian flags on road leading into the capital city, Anchorage. “When I entered…
The European Commission does not think that imposing a network fee on big technology companies is a viable solution to the debate over who should fund the roll-out of 5G and broadband, a spokesman for the EU executive said on Thursday. The issue pits Deutsche Telekom, Orange, Telefónica and Telecom Italia against Google, Facebook, Netflix,…
