Company News
SAA & Kenya Airways Shake Hands on New Codeshare Agreement
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Netflix is Testing New Features to Combat Password-sharing
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South Africa’s NEC XON Joins Forces with American A10 Networks
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Eskom Wants to Make Electricity Even More Expensive
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Several African Fintech Startups Shut Down Services Amid Shady Activity
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United Bank for Africa Launches New Branch in Dubai
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MTN is Planning to Buy Telkom
MTN Group is reportedly in talks to buy its telecommunications rival Telkom. According to Bloomberg, the company said the discussions are still at an early stage and there is no certainty that the transaction will be completed. The news that was announced on Friday morning instantly saw Telkom’s share price soar by 30%. “Shareholders are advised that MTN and Telkom SA SOC Limited [Telkom] have entered into discussions in relation to MTN acquiring the entire issued share capital of Telkom in return for shares or a combination of cash and shares in MTN,” MTN said in an announcement. MTN would pay for the partially state-owned company in shares or a combination of cash and stock, according to a statement the giant telecommunications company released on Friday morning. According to Moneyweb, n...
MTN to Host Hackathon for African Developers – Here’s How to Participate
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Mukuru Expands its Services
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Netflix Partners with Microsoft to Launch New Ad-supported Plan
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Nigeria Twitter Ban Was Unlawful, ECOWAS Rules
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Google to Slow Down Hiring for the Rest of the Year
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