Author: Tapiwa Matthew Mutisi

The Takealot Group, a prominent online retail entity, has made a significant announcement regarding the divestiture of its fashion retail subsidiary, Superbalist. The announcement revealed that the sale of Superbalist marks a pivotal transition for the company. The acquiring party is a consortium of South African investors, encompassing both retail…

IHS Towers, the leading tower company in Africa, and WIOCC, a prominent global telecom infrastructure provider, are currently in negotiations with the Lagos State Government to finalize a significant fiber duct initiative, aiming to complete a 6,000km fiber duct network. Furthermore, there are ambitious plans to expand this network to…

Ralph Mupita, the Chief Executive Officer of MTN, has been exonerated from accusations of favoritism towards an unidentified female executive following a thorough inquiry by an autonomous legal firm. The allegations of misconduct, which were initially brought forth by an unnamed whistleblower, gained significant media attention earlier in the week.…

Flutterwave, a prominent player in the African payment sector, has recently announced the appointment of Mitesh Popat as the new Chief Financial Officer (CFO). This strategic move comes nine months after the departure of the company’s previous CFO, Oneal Bhambani. Before joining Flutterwave, Mitesh Popat held several high-ranking positions at…

The South African organization WomHub, which champions female empowerment, has joined forces with the Visa Foundation to introduce the ‘STEM is Everywhere’ programme. This initiative is specifically tailored to nurture and bolster early-stage female entrepreneurs operating in STEM-related fields, including Science, Technology, Engineering, and Mining and Manufacturing. As a prominent…

The telecommunications landscape in Sudan is set to experience a significant transformation thanks to a $3 million investment in advanced networking equipment and the recent activation of a new subcontinental undersea fibre optic cable. This development is particularly impactful for Sudan, a nation that has seen its telecommunications infrastructure severely…

Elon Musk’s X has entered the streaming wars and is determined to position X as a formidable rival to YouTube. In a direct move to bolster this ambition, Musk himself reached out to MrBeast, the most popular content creator on YouTube, urging him to begin sharing complete videos on the…

SPAR South Africa has announced the sale of its Polish operations for 40 million Polish zloty (approximately R185 million) as a strategic move within its broader turnaround plan. However, the divestiture comes with the condition that SPAR will inject R2.7 billion into the business to recapitalize it. The buyer is…

The Competition Tribunal of South Africa has given the green light for Telkom’s divestiture of its masts and towers subsidiary, Swiftnet, to Towerco Bidco, following a recommendation from the Competition Commission. The sale to Towerco Bidco, a new entity jointly owned by Actis and Royal Bafokeng, has been approved with…

The Democratic Republic of Congo has terminated a substantial $1.2 billion initiative aimed at establishing a nationwide biometric identification system. This decision comes in the wake of serious allegations concerning financial misconduct associated with the project. Richard Ilunga, who heads the Congo’s National Office for Population Identification (ONIP), announced the…

ChitChat, a social commerce platform hailing from Zambia, has recently announced a strategic collaboration with Mastercard to roll out new virtual debit cards, enhancing the process of making cross-border payments. This initiative is a progression from an earlier alliance between Union54 and Mastercard, which culminated in the introduction of ChitChat…

MTN Cameroon, which operates under the umbrella of the MTN Group based in South Africa, has made a commitment to maintain its business activities in Cameroon despite facing a legal predicament that has resulted in the freezing of its bank accounts by court order. Since September 2022, the company’s accounts…

Shoprite, South Africa’s premier retail giant, is set to divest its furniture division to Pepkor, channeling its focus on the expansion of its specialized segments, including clothing, baby products, outdoor equipment, and pet supplies. On Tuesday, September 3, the group disclosed its plan to offload the furniture business to Pepkor…

MTN Group CEO Ralph Mupita has taken proactive steps to address employee concerns in the wake of allegations surrounding his leadership, favoritism, and the group’s performance. In response, he assured staff that the company has robust governance mechanisms to handle issues related to employees and senior management effectively. Some of…

MTN is currently facing significant internal challenges, including disputes among its top executives and a notable departure of senior leaders from its South African division. The Sunday Times has highlighted dissatisfaction with the direction of the company under CEO Ralph Mupita, who assumed leadership on September 1, 2020. Reports suggest…

Airtel Nigeria Telesonic Limited, the fiber service division of Airtel Nigeria, has secured three pivotal telecom licenses from the Nigeria Communication Commission (NCC), approximately seven months post its inception. The telecommunications giant has been awarded a National Long Distance (NLD) license, an Internet Service Provider (ISP) license, and a Sales…

Ed-tech innovator Esoma Solutions is revolutionizing the K-12 educational landscape by providing digital learning tools, with its standout offering, Esoma Kids, enhancing foundational literacy and numeracy skills through an engaging online platform. Launched in 2018 by co-founders Julius Irungu, Kelvin Kung’u, and Esborn Waithuki, Esoma Solutions first introduced Esoma-KE, a…

Logidoo, a logistics company committed to enhancing trade throughout Africa, has introduced Afridoo, an innovative platform aimed at streamlining online commerce and bolstering African entrepreneurs. Established in 2020 by Tamsir Ousmane Traoré, Logidoo has crafted an all-encompassing logistics solution that spans the entire supply chain. The company’s approach includes collaboration…

Tunisian energy management startup Wattnow has recently concluded a substantial funding round, securing a multi-million dollar investment to further accelerate its already notable expansion. Established in 2018 by entrepreneur Issam Smaali, Wattnow has been at the forefront of assisting businesses in mastering their energy consumption through its intuitive combination of…

Kenya has introduced two innovative digital systems aimed at streamlining the management of presidential directives and the approval process for international travel of high-ranking government officials. The newly launched systems, known as the Presidential Directives Management Information System (PDMIS) and the Foreign Travel Management Information System (FOTIMS), are designed to…