Tuesday, January 14, 2025
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company acquisition

Mining & Energy

Central Energy Fund to Invest $68M in South African Gas Project

Zintle -
South Africa's Central Energy Fund (CEF) will reportedly invest R1-billion ($68-million) to help fund Renergen's Virginia Gas Project in Free State, South Africa, in order to accelerate the second phase of the project's development. According to News24, CEF has signed...
Company News

F-Secure South Africa Rebrands to MWR Through Local Buy-Out

Zintle -
F-Secure, the Finnish cybersecurity company, has announced that it has pulled out of the African market as its South African branch was bought out by the local management of the branch. On Tuesday, F-Secure's local management team in South Africa...
Company News

Microsoft to acquire LinkedIn: Deal valued at $26.2 billion

Staff Writer -
Microsoft Corp and LinkedIn Corporation have revealed that they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. In accordance...
Mobile and Telecoms

Nigeria: Swift Networks acquires Chromecom

Staff Writer -
According to a report via techcabal, Nigeria-based broadband and data services provider, Swift Networks Limited has acquired Chromecom - A subsidiary of Monarch Communications Limited. According to the report, the new acquisition is set to improve Swift’s current broadband speed...
Company News

WorldRemit calls on regulators to block Western Union’s MoneyGram acquisition

Staff Writer -
WorldRemit founder and CEO, Ismail Ahmed, has commented on the potential acquisition of MoneyGram by its largest competitor - Western Union. According to reports by Bloomberg and Reuters, Western Union is in talks to acquire its rival, MoneyGram. According to...
Top Stories

SpeedCast aquires Geolink in Africa

Staff Writer -
SpeedCast International Limited (SpeedCast), a satellite communications service provider, has revealed the acquisition of Geolink Satellite Services, a provider of satellite communications solutions in the African region. While acquisition is still in the works, SpeedCast revealed that the closing of...
Company News

Bytes acquires Inter-Active Technologies

Staff Writer -
Altron TMT has announced the acquisition of Inter-Active Technologies, by its wholly-owned subsidiary Bytes People Solutions (part of Bytes Technology Group). The agreement has been signed, and is subject to regulatory approval by the Competition Commission. As a specialist customer...
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Latest News

Artificial IntelligenceMamsi Nkosi -

How Can South African Banks Leverage Generative AI for Growth?

The global banking landscape is experiencing seismic shifts, driven by the rapid advancement of technology and evolving consumer expectations....
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