French media giant Canal+ has successfully taken control of MultiChoice, clearing the necessary regulatory hurdles to complete a complex and long-anticipated acquisition. The company’s initial offer of R125 per share was accepted by over 90% of MultiChoice’s non-Canal+ shareholders, increasing its stake to 94.36%. Canal+ will now invoke a “squeeze out” provision under Section 124(1)…
To amplify Afrobeats’ status as a global powerhouse, Spotify has today announced the launch of its new Global Afrobeats Playlist. The new Global Afrobeats Playlist is a celebration of a sound that has moved from the club to the charts and beyond, influencing global fashion, dance, and culture. In direct response to the genre’s global…
US President Donald Trump had placed Washington’s police department under federal control earlier this week. The administration of US President Donald Trump has reversed course and agreed to leave the Washington, DC police chief in control of the department, after Washington officials and the United States Justice Department negotiated a deal at the urging of…
African e-commerce company Jumia Technologies has drawn takeover interest from telecommunications company Axian Telecom, people familiar with the matter said. Axian, which is based in Mauritius and primarily offers telecommunications services in Africa, raised US$600-million this week to refinance its debt and help fund a possible takeover of Jumia, the people said, asking not to…
Despite a recent surge in terrorist attacks, the region is more at risk of fragmentation than centralised jihadist rule. Insecurity has risen sharply in the Sahel in recent months. Between late May and early June, major attacks claimed by Jama’at Nusrat ul-Islam wa al-Muslimin (JNIM) and the Islamic State in the Greater Sahara (ISGS) targeted…
