Advtech has acquired a 25% stake in edtech company MathU, securing a seat on its board and exclusive rights to current and future AI-enhanced education solutions. Geoff Whyte and WA Burger | Image supplied MathU develops AI-powered tutoring platforms for subjects such as mathematics, science, English, and accounting, across three divisions: Society (for under-resourced learners);…
Standard Bank Group CEO Sim Tshabalala Standard Bank Group will invest as much as US$200-million in OPay, the Nigeria-focused fintech that filed on Friday to list its shares in New York. Standard Bank said it had signed a subscription agreement but did not disclose the amount. That detail is in the registration statement OPay filed…
Heirs Energies Ltd, a company controlled by Tony Elumelu, has acquired 6 million ordinary shares in Seplat Energy Plc. The transaction is valued at £53.2 million. Seplat Energy disclosed the new share purchase in a regulatory filing on Thursday, signed by Edith Onwuchekwa, the company’s Director, Legal/Company Secretary. Mr. Elumelu, who also serves as a…
Each September, New York becomes the centre of global diplomacy as presidents, prime ministers, ministers and diplomats from around the world gather at United Nations Headquarters. At a time of mounting geopolitical tensions and overlapping global crises, leaders will tackle a packed agenda that includes conflicts and international security, climate change, pandemic preparedness, sea-level rise,…
Shoprite Holdings CEO Pieter Engelbrecht Shoprite has completed its acquisition of R&A Cellular, taking an initial 51% of the eMalahleni company whose point-of-sale devices sit behind the counter in spaza shops and informal stores across South Africa. The transaction became effective on 14 August 2026, according to Shoprite Holdings’ results for the 52 weeks to…
The potential investment in OPay followed Standard Bank Group’s disclosure that it plans to increase its investments in companies across Africa in June. Africa’s largest bank by assets, Standard Bank Group is in negotiations with Nigerian fintech company OPay ahead of the latter’s planned initial public offering (IPO) in the United States. OPay is working…
Nebius stock surged on Tuesday after Nvidia disclosed a 9.3% stake in the neocloud. The Amsterdam-based company has emerged as one of Europe’s leading neoclouds providing AI compute, and has inked multiple deals with tech giants in 2026 amid massive infrastructure spending. Shares of Nebius were up 7% in premarket trading. The company has been…
The universe of Eve Online is expanding in an unexpected direction. Fenris Creations, the developer formerly known as CCP Games, has announced a strategic partnership with Google, seeing the search giant take a minority stake in the studio. This shift comes on the heels of the developer successfully buying back the rights to the Eve…
Porsche has agreed to sell its equity stake in Bugatti Rimac. Porsche and Rimac Group established Bugatti Rimac as a joint venture in 2021 to serve as home to the iconic Bugatti brand. In this joint venture, Porsche holds a minority stake of 45%, Rimac Group owns 55%. Porsche also holds a 20.6% stake in…
Prosus, the Naspers-controlled technology investment giant, has sold a 4.5% stake in the German food delivery platform Delivery Hero to Uber Technologies. The transaction, valued at approximately €270 million, represents a strategic move to satisfy regulatory requirements set by the European Commission. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Apple smart glasses! Under the…
