Search Results for: stock exchange

MTN Telecom CEO quits after $5.2bn Nigerian fine

The CEO of Africa’s largest mobile telecoms company, MTN Group, has resigned following two weeks of wrestling with the Nigerian authorities over the imposition of a massive fine. In a statement to the Johannesburg Stock Exchange, the company announced that Sifiso Dabengwa will leave with immediate effect, to be replaced temporarily by non-executive chairman Phuthuma […]

Konga the Nigerian Online Retailer To Become Africa’s Biggest Internet Company

Nigeria’s leading online retailer, Konga is set to become Africa’s biggest internet company as an investment of about $60 million is set to be injected into the company. Reports Ventures Africa According to a source close to the retailer, Konga’s value will rise to about $190 million post the capital injection. But while the new […]

Target cyber breach hits 40 million payment cards at holiday peak

(As Reported by Reuters) – Target Corp said hackers have stolen data from up to 40 million credit and debit cards of shoppers who visited its stores during the first three weeks of the holiday season in the second-largest such breach reported by a U.S. retailer. The hackers worked at unprecedented speed, carrying out their […]

CentralNic, DotConnectAfrica’s Registry Partner Formally Announces September IPO

CentralNic, a registry partner with DotConnectAfrica for the ‘.africa registry’ has formally announced its plans for a September IPO on the AIM Market (“AIM”) of the London Stock Exchange. “CentralNic is a registry service provider which supports top level domains (“TLDs” such as .la) and second level domains (“SLDs” such as, distributing and powering […]

America’s 10 Richest In Tech 2014: Zuckerberg beats Page, Brin, Bezos

A year ago, Mark Zuckerberg had seen his wealth double in 12 months as Facebook recovered from its disappointing IPO in 2012. Now the CEO of the social networking giant is sitting even prettier. Reports Forbes On this year’s Forbes 400 list of richest Americans, Zuckerberg has a net worth of $34 billion, up $15 […]

East Africa to have uniform tariffs for Mobile calls starting October

The East African Community (EAC) has moved a step closer to making the One Network Area initiative a reality, a move that would see subscribers paying a uniform tariff for mobile calls within the region. Reports CIO East Africa As a first step, three EAC member states – Kenya, Uganda and Rwanda – have embarked […]

Latency is holding back? Why Africa’s datacenters are still trailing behind

Summary: While latency is holding back the development of online services in Africa, and unreliable power supply holding back the development of datacenters, what’s next for facilities on the continent? Reports ZDNet  The need for speed: Why Africa’s datacenters are still trailing behind Africa’s datacentre industry is lagging, but on the rise. Image: Shutterstock   […]