Datatec CEO Jens Montanana. Datatec CEO Jens Montanana has increased his stake in the company to R2.5 billion through incremental share purchases, underscoring his confidence in the ICT distribution group. Before his latest share purchase yesterday, Montanana was already Datatec’s largest shareholder, surpassing the Public Investment Corporation (PIC), which is Africa’s biggest investment manager, with…
U.S. taxpayers are now the largest shareholders in Intel. What comes next isn’t so clear. The Trump administration announced on Friday that the government had taken a 10% stake in the California-based computer chipmaker, which has fallen behind rivals Nvidia and AMD in the artificial intelligence race. Over the past five years, Intel’s share price…
Intel CEO Lip-Bu Tan. Japanese-based multinational conglomerate SoftBank and US-based chipmaker Intel have signed a definitive securities purchase agreement, under which SoftBank will make a $2 billion investment in Intel common stock. In a joint statement, the organisations say the investment comes as they deepen their commitment to investing in advanced technology and semiconductor innovation…
Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters The Trump administration is in talks with Intel to have the US government potentially take a stake in the struggling chip maker, Bloomberg News reported on Thursday, citing people familiar with the plan. Such a move would mark another intervention by US President Donald Trump in industries seen as…
Nairobi — Kenya’s film and creative sector is set to gain from the upcoming Africa Film Finance Forum (AFFF), which returns this September in Lagos, Nigeria, with an ambitious goal of unlocking a $20 billion Pan-African film economy. Scheduled for September 16-18, the forum will convene industry stakeholders under the theme “Pan-African Film Economy: Building…
