South Africa’s Datatec acquires IT business Mars Technologies

South Africa’s Datatec acquires IT business Mars Technologies

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SOUTH AFRICA – Johannesburg based information and communication firm Datatec Group, through its subsidiary – Logicalis SA – has acquired Mars Technologies, an information technology (IT) services business, for an undisclosed amount. Logicalis SA is a division of the Logicalis Group, the…

Naspers’s largest investor mulls cutting US$17.09bn stake to 16%

Naspers’s largest investor mulls cutting US$17.09bn stake to 16%

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SOUTH AFRICA – South Africa’s Government Employees Pension Fund (GEPF), Naspers’s biggest shareholder is considering to reduce its US$ 17.09 billion (R245bn) stake. According to sources with knowledge of the development, GEPF is being advised by its manager the Public Investment Corporation,…

AfDB and partners launch new fund to boost digital financial inclusion

AfDB and partners launch new fund to boost digital financial inclusion

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GUINEA – The African Development Bank in collaboration with partner organisations has launched the Africa Digital Financial Inclusion Facility (ADFI) to accelerate digital financial transactions across the continent. The fund is supported by the Bill & Melinda Gates Foundation, the Agence Française…

Microsoft expands women-focused cloud accelerator to Kenya, SA

Microsoft expands women-focused cloud accelerator to Kenya, SA

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AFRICA – American technology giant, Microsoft Corporation, has extended the reach of its women-focused cloud accelerator programme to Kenya and South Africa, designed to help women-led companies start and build their businesses through its cloud distribution channels. The programme, which currently covers…

Global ecommerce sales grow 13% to reach US$29 trillion

Global ecommerce sales grow 13% to reach US$29 trillion

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GLOBAL – Global ecommerce sales increased by 13% to reach approximately US$29 trillion in the year 2017, according to latest figures from United Nations Conference on trade and development (UNCTAD). The number of online shoppers increased by 12% to 1.3 billion people,…