Politics
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KZN Floods Shut Down 500 MTN Sites
MTN confirmed on Tuesday that 500 of its sites have shut down due to the ongoing floods in some parts of KwaZulu-Natal (KZN). According to Independent Media, the South African mobile telecommunications company said that the floods have caused a lot of damage to infrastructure and have caused power outages in the province. “The flooding in the KZN region has caused power outages at many of our sites, and while we have battery back-up at many of the sites, these batteries have been depleted,” Jacqui O’Sullivan, MTN SA’s spokesperson, said. Areas that have been impacted by the outage include Durban South, South Coast, Umlazi, Amanzimtoti, Ballito, and Salt Rock, according to the giant network provider. O’Sullivan said that their major challenge is getting to the impacted areas at the moment b...
MTN Nigeria Attains Approval to Operate Mobile Money Bank (MoMo)
MTN Nigeria received approval from the Central Bank of Nigeria on Monday to operate Mobile Money (MoMo). MTN Nigeria’s Mobile Money (MoMo) service has more than 9-million users since it launched in 2019. According to TechCabal, the approval means that MTN Nigeria will be able to provide all the services offered by conventional commercial banks virtually, with the exception of granting credit and processing foreign exchange transactions. “We are grateful to the CBN for granting the final approval to commence the operations of MoMo PSB, which is an important milestone for our Ambition 2025 strategy. We are excited about the opportunity for MTN Nigeria to support the CBN and the Federal Republic of Nigeria in fulfilling the agenda of driving financial inclusion in Nigeria,” MTN Group CEO Ralp...
The Cloud Computing Skills Landscape in SA According to Standard Bank’s Yasirah Sakadavan
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David Mamet Claims Teachers Are “Inclined” to “Pedophilia”
To quote David Mamet’s Romance, “Uh, what the fuck?” The film director and Pulitzer-prize winning playwright claimed in a conversation with Fox News’ Life, Liberty & Levin that teachers are “inclined” towards “pedophilia.” Mamet, whose plays include Glengarry Glen Ross and American Buffalo, and who was nominated for Academy Awards for his screenplays for The Verdict and Wag the Dog, was on the program to promote his new book Recessional: The Death of Free Speech and the Cost of a Free Lunch. “We have to take back control,” he said. “If there’s no community control of the schools, what we have is kids being not only indoctrinated but groomed in a very real sense by people who are — whether they know it or not — sexual predators. Are they abus...
Buy the Huawei P50 Pocket & Have a Great Cell Phone
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Huawei Nova 9 SE – The Best Cell Phone for You
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Huawei P50 Pocket – A Cell Phone Made for You
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The Africa Report’s exclusive ranking: Top 500 Companies
By Pierre-Olivier Rouaud, with additional reporting by Nicholas NorbrookPosted on Monday, 11 April 2022 15:19 After the damage caused by the Covid-19 pandemic in 2020, the financial year 2021 will undoubtedly be a period of significant rebound for most African companies. This is evidenced by the turnover of the Algerian giant Sonatrach (#1), which in 2021 soared by 70%. Meanwhile, our latest edition of the Top 500 Companies ranking, which focuses on the performance of companies in their financial year 2020, was marked by a depression. The cumulative turnover – $590bn – of this exclusive ranking by The Africa Report represents a decline of 4.8%. In absolute terms, we have to go back to 2016 to find a lower figure, namely $569bn. At that time, there were currency crises in Egypt, N...
Top 500 Companies: South Africa’s Sasol emerges from a perfect storm
Two years ago, Sasol (#3) experienced unprecedented headwinds triggered by the Covid-19 macroeconomic shock and a collapse in oil and chemicals prices. Combined, these factors placed pressure on the global chemicals and energy company’s highly leveraged balance sheet. Source
Liberia: House of Reps reject AccelorMittal $800m development agreement
ArcelorMittal’s operations in Liberia focus on mining, railing and shipping iron ore. The company is the single largest private investor in the country since the end of the second civil war in Liberia in 2003. However, the third Mineral Development Agreement (MDA) amendment, which was signed between the company and the executive in 2021, has to be ratified by both houses of the Liberian legislature before being transmitted back to the executive for the President’s signature.
Liberia: House of Reps reject AccelorMittal $800m development agreement
ArcelorMittal’s operations in Liberia focus on mining, railing and shipping iron ore. The company is the single largest private investor in the country since the end of the second civil war in Liberia in 2003. However, the third Mineral Development Agreement (MDA) amendment, which was signed between the company and the executive in 2021, has to be ratified by both houses of the Liberian legislature before being transmitted back to the executive for the President’s signature.
