M&A
The idea of a partnership with LEO satellite providers comes off the back of the recent MTN 5.5G trials, which is the first of its kind in Africa.
Chad's Communications Minister, Boukar Michel, emphasised the importance of this partnership, stating, "A large part of our territory is not covered by fibre optics, and I believe that Starlink will...
“No roaming plans are available in Kenya at this time. Starlink is working to restore service in the disrupted areas and a notification will be sent once the residential plan...
Africa’s largest telecommunications company, IHS Towers has reportedly gotten a $439 million loan to manage currency risks and support its operations across multiple regions. According to reports, virtually half of...
"This agreement initiates a transformative effort to develop, finance, construct, operate, and maintain essential transmission lines and substations across Kenya.”
LULA has taken over the South African branch of the US-based staff bus-sharing startup Zeelo in an acquisition of undisclosed amount. LULA is a ride sharing platform dedicated to serving...
Currency devaluation results in $1.9 billion in losses in the 2023 fiscal year
Inability to service debts, cash flow problems, and electricity stability cripple Hohm Energy
Bamburi‘s biggest shareholder has approved a $182.8 million buyout offer from the Amsons Group. Holcim, the shareholder company in question, is a Swiss construction materials manufacturing company. It has made...
Peleza, the Kenyan identity management startup has merged with YC-backed Prembly. The outcome of this merger is a new business entity known as the Prembly Group. The move follows a...
