MTN Nigeria Communications has finally changed its legal status from being a Private Limited Company (Ltd) to Public Limited Company (PLC) and this recent conversion to a public company from a private company yesterday represents the first step towards a listing Nigerian Stock Exchange (NSE). On its own, though, the…
Author: Tapiwa Matthew Mutisi
Uber drivers across the world are set to receive up to $40,000 (R572,000) as a “driver appreciation reward” ahead of the ride-hailing giant’s initial public offering. The company announced in a Securities and Exchange Commission filing published on Friday that it would pay around $300 million (R4.4 billion) to its more than 1.1…
Early investors and employees of Uber Technologies Inc. are planning to sell about $1.3 billion worth of stock in the ride-hailing firm’s initial public offering. Benchmark is the biggest seller, offering 5.7 million of its shares, according to a regulatory filing Friday. That would fetch about $270 million at the…
Uber Technologies Inc. is seeking to raise as much as $9 billion in an initial public offering that could give the ride-hailing giant a market valuation of as much as $84 billion. Uber had previously considered targeting a valuation of $100 billion, according to the Wall Street Journal, and some bankers had…
Huawei’s controversial status in North America and Europe stems from a lot of different factors. At the heart of most of them, however, is the hardware maker’s alleged ties to the Chinese government. The notion of government control has been enough to cause something approaching an outright ban on its…
Facebook said on Wednesday that it expected to be fined up to $5 billion by the Federal Trade Commission for privacy violations. The penalty would be a record by the agency against a technology company and a sign that the United States was willing to punish big tech companies. The social network…
Looks like the rumor turned out to be true.
Rami Malek has been confirmed to star in the forthcoming James Bond film as the latest villain to challenge Daniel Craig’s 007. After months of speculation, a livestream from the official 007 Twitter account revealed the returning cast along with some new faces, including Malek. The Oscar-winning actor was not at Ian Fleming’s residence in Jamaica, where the…
It’s-a me, your BitmojiIt’s-a me, your Bitmoji
According to Indian lawmakers they said that TikTok was encouraging the spread of explicit content and “cultural degradation” among youth, and then they successfully banned the short video app — but only for a week or so, because the TikTok ban has now been lifted. That’s according to reports from Reuters, TechCrunch, CNN Business, and others. Technically, TikTok’s existing…
Strong earnings push Microsoft toward a new milestone
Twitter co-founder and CEO Jack Dorsey sat down with President Trump for his most high-profile tête-à-tête yet. Dorsey’s 30-minute meeting with Trump happened behind closed doors. Motherboard reported the meeting just before Trump tweeted about it. Unless either of the men decides to share more about what they discussed we won’t know how things went…
Zimbabwean billionaire Strive Masiyiwa plans to list part of his Botswana telecoms operator Mascom by October this year, he said on Tuesday, in what he expects to be one of the biggest flotations on the Gaborone bourse. Masiyiwa, through his holding company Econet, is finalising a $300 million deal with…
Even the best phones are smudge magnets. Grease from your fingers, your lunch and your face find their way onto the screen, and onto the backing if you don’t have a case. It’s gross, and annoying. While you may be tempted to constantly wipe your screen with your brand-new shirt,…
Samsung’s spokesperson in a statement announced the postponement of their two launch events for its folding smartphone, days after several early reviewers said the screens on their devices had broken. In April, Samsung let several reviewers to try its new Galaxy Fold smartphone. But some found their folding display broke…
Tennis superstar Serena Williams has been quietly building a venture capital portfolio since 2014, amassing investments in more than 30 startups with an accumulated market cap of $12 billion. On Wednesday, she finally announced her business to the public. Andela, the developer training and outsourcing company with operations in four…
A year ago SA Durban- Cyber-security experts raised concerns at the lack of security measures on government websites in the wake of a cyber attack on the official Presidency website. If it was so easy to attack a website like that of the Presidency then one had to ask about…
Despite the head of U.N. Internet and Telecoms Agency Houlin Zhao denying any wrongdoing on the part of Huawei, the U.S intelligence doesn’t seem to be taking heed. Zhao said that U.S. security concerns about 5G mobile networks built by Chinese telecoms giant Huawei appear to be driven by politics and trade rather than any…
Nigerian billionaire Aliko Dangote, known as Africa’s richest man, told a forum in Ivory Coast on Saturday how he once took $10m in cash out of the bank just to look at it and get it into his head that this was real money, not just figures on paper. “When…
Disney Plus will cram new originals and legacy premium programming into its service, at almost half the cost of Netflix’s most popular plan in the US.