Rhys Summerton, iOCO CEO. (Graphic by Nicola Mawson, with official collateral) JSE-listed iOCO this morning reported profit of R180 million, an increase of 45.6%, from revenue of R2.8 billion in the first half, as its three-step strategy starts to bear fruit. As part of this strategy, iOCO made its first acquisition in eight years, says…
Accra — After nearly three decades of active engagement with the African Growth and Opportunity Act (AGOA), I recently informed my distinguished Co-Chair of the AGOA Alliance, The Hon. Chris Stewart, the Alliance’s hardworking Secretariat — Tim Stewart of The Bennett Consulting Group and James Link of The Cormac Group — and my remarkable team…
The Trump administration ordered the release of 172 million barrels of oil from the U.S. Strategic Petroleum Reserve this week, making it the second-largest release from the reserve in its history after former President Joe Biden’s 2022 withdrawal of 180 million barrels. The move was meant to stem oil prices, which hovered over $100 a…
Shantanu Narayen has stepped down as Adobe CEO. Software firm Adobe has announced that Shantanu Narayen, who has served as CEO of the company for 18 years, has decided to transition from his position as CEO after a successor has been appointed. Adobe develops tools for digital creativity, document management and marketing, used by professionals…
MultiChoice Group said it will shut down its streaming platform Showmax after 11 years of operation as the company reviews its digital strategy. The decision was communicated to subscribers in an email on Thursday. The company said the move follows a review by the Showmax board. “Following a comprehensive review, the Showmax Board has taken…
MTN Group CEO Ralph Mupita Syria has launched an international tender for a new mobile network operator licence to replace MTN Syria, the ministry of communications & IT said on Wednesday. The new licence paves the way for the formal exit of MTN Group after the mobile operator abandoned its operations in Syria in 2021….
Despite global progress in strengthening land tenure and governance, more than a billion people worldwide – nearly one in four adults – fear they could lose the rights to some or all of their land and housing within the next five years. The finding comes in a UN-backed report that underscores the need for stronger…
The man responsible for the 2023 death of the original singer of the band formerly known as the Dixie Chicks in a fatal crash in Texas has been sentenced to 15 years in prison. Laura Lynch, the 65-year-old co-founder of the band now known as “The Chicks,” died just days before Christmas after a collision…
Kyiv, Ukraine – Hennady Kolesnik never expected the full-scale Russian invasion to last this long. “These are the worst and longest years of my life,” the 71-year-old retired welder told Al Jazeera four years after the aggression that began on February 24, 2022. Recommended Stories list of 4 itemsend of list In the first days…
Image: Mark Ahsmann Shares in IBM recorded their steepest daily drop in more than 25 years on Monday, after AI start-up Anthropic said its Claude Code tool could be used to modernise a programming language run on IBM systems. IBM shares sank 13.2%, their biggest drop since 18 October 2000. Cobol is a programming language…
