MTN confirms plans to sell 14% of its Nigerian business despite double-digit growth in the first half of the year
MTN confirms plans to sell 14% of its Nigerian business despite double-digit growth in the first half of the year MTN Nigeria's shareholders have approved an equity shelf program for the sale of up to 14% of MTN Group's stake in the country. The sale, however, will be conditional on market conditions in the medium term. The telecom giant previously announced its intention to sell down its stake in its Nigerian operations in order to diversify its shareholder base and increase the company's own.
PayPal joins global fintech accelerator, Catalyst Fund as it announces 9th cohort of its inclusive fintech programme
PayPal joins global fintech accelerator, Catalyst Fund as it announces 9th cohort of its inclusive fintech programme Catalyst Fund, a global fintech accelerator managed by BFA Global, has announced the selection of the ninth cohort of its Catalyst Fund Inclusive Fintech program. Over the course of the next two cohorts, it will investigate the role that digital finance can play in enabling climate resilience with a small number of companies. As part of its Inclusive Fintech program, the accele.
Kuda Bank raises $55 million in a Series B round at a valuation of $500 million to fund its international expansion
Kuda Bank raises $55 million in a Series B round at a valuation of $500 million to fund its international expansion Kuda, Nigeria's first fully digital bank, has raised $55 million in a Series B funding round to support its international expansion. According to the company, the most recent funding round was an internal round led by existing investors and valued at $500 million. Valar Ventures and Target Global co-led the round, which also included SBI and a number of previous angel investors..
Boeing is set to retry a test flight in an attempt to compete with SpaceX
Boeing is set to retry a test flight in an attempt to compete with SpaceX Tomorrow, Boeing is scheduled to launch its long-awaited Starliner spacecraft — designed to carry NASA astronauts — on an uncrewed test flight to the International Space Station, following the company's botched first attempt 18 months ago. This will be a watershed moment for Boeing and NASA, as the traditional aerospace giant looks to partner with SpaceX to ferry astronauts to the station. The Starliner was s.
Yele Bademosi has stepped down as CEO of Bundle Africa, and Emmanuel Babalola has taken over the position
Yele Bademosi has stepped down as CEO of Bundle Africa, and Emmanuel Babalola has taken over the position Yele Bademosi, the founder of Microtraction and a former Director at Binance Labs, has officially resigned from his position as CEO of Bundle Africa, a social payments app that accepts both cash and cryptocurrency. On Saturday, the company's founder revealed his decision in a blog post. According to him, he was stepping down in order to investigate other areas in the African crypto communi.
Bill and Melinda Gates have finalized their divorce
Bill and Melinda Gates have finalized their divorce After a judge approved their divorce on Monday, Bill Gates and Melinda French Gates are now legally separated. "We no longer believe we can grow together as a couple as we enter this next phase of our lives," the powerhouse couple, who met at Microsoft (MSFT) in 1987 and were married in 1994, said in May when they announced they were ending their 27-year marriage. King County, Washington, is where French Gates filed his divorce petition. Sep.
Everything you need to know about the new CitiMonitor environmental monitoring app in Lagos
Everything you need to know about the new ‘CitiMonitor' environmental monitoring app in Lagos Automobiles transformed into submarines, houses submerged, and homeowners counting the cost of destroyed property: floods during the rainy season in Lagos are always replete with bitter tales. To help mitigate environmental disasters, the Lagos state government is launching an app that will allow citizens to report and monitor environmental issues such as blocked drainages and illegal waste disp.
NLRB officer recommends Amazon union election result should be annulled due to misconduct
NLRB officer recommends Amazon union election result should be annulled due to misconduct A National Labor Relations Board official is recommending that the results of a historic union election held earlier this year at an Amazon warehouse in Alabama be void and a new election be held in light of the e-commerce giant's illegal conduct. The recommendation from an NLRB hearing officer, which the NLRB has not yet released, was conveyed in a press release by the Retail, Wholesale, and Department S.
MTN has recently appointed Adia Sowho as the company first female CMO
MTN has recently appointed Adia Sowho as the company's first female CMO MTN has announced the appointment of Adia Sowho, interim CEO of Thrive Agric, as the first female chief marketing officer for the company (CMO). The company celebrated their 20th anniversary in Nigeria by making the announcement. “MTN Nigeria announced today that the appointment of two Nigerians to two senior positions previously held by expatriates was made to ‘localize its management team.'” Previously.
Spleet is the first African startup to be accepted into the MetaProp Accelerator program
Spleet is the first African startup to be accepted into the MetaProp Accelerator program Spleet Africa, one of Africa's most promising proptech startups, has been selected for participation in MetaProp's 2021 Accelerator Program. As the first African startup to participate in the Accelerator program, Spleet has made history. In 2016, MetaProp launched the MetaProp Accelerator, the world's most prestigious proptech accelerator. MetaProp is a New York-based venture capital firm that focuses on t.
