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Airtel Malawi plc intends to apply for admission to the stock exchange

December 31, 2019 Dianne Jacobs

Airtel Malawi plc intends to apply for admission of its ordinary shares to trading on the main market of Malawi Stock Exchange

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, has announced the intention to undertake an initial public offering of its local business, Airtel Malawi plc. Airtel Malawi plc intends to apply for admission of its ordinary shares to trading on the main market of Malawi Stock Exchange. The indicative price range in respect of the Offer, as well as the exact number of Shares to be sold in the Offer, will be determined in due course. The Subsidiary will…

Drivers and travelers connected via app

December 16, 2019December 16, 2019

After completing their university studies in computer science, classmates Ngugi Waithima and Denis Kiprono looked for jobs in vain. In June, the two former students of computer science at Mount Kenya University met in a Nairobi office in a job-hunting mission. Later over a cup of tea, they discussed their challenges in search of non-existent jobs. Their talk shifted to escalating traffic jams in Nairobi and the problems people face when travelling over the festive season. It’s from their traffic discussion that they hit some sort of Eureka moment. They…

Airtel and Telkom merger approved

December 16, 2019 Dianne Jacobs

Kenya’s telecommunication sector is set to become a duopoly after Airtel and Telkom Kenya received approval from the Competition Authority of Kenya (CAK) to merge their businesses. The firms however have to wait for approval from the Communications Authority of Kenya (CAK), which might take awhile as the industry regulator is currently facing a leadership crisis following nullification of the board of directors appointed earlier this year.The merged operator, which will be renamed Airtel-Telkom, will now battle it out with Safaricom once the transaction is concluded. CAK yesterday gave the…

WhatsApp plans on blocking older phone users in 2020

December 10, 2019 Dianne Jacobs

The popular chat app has warned users with older phones that they will need to upgrade their handset to continue using the service and now we know the cut-off date and the models affected. The deadline for ageing Windows smartphone will be followed by blocks for i Phones running anything older than iOS 7 and Android devices with versions 2.3.7 installed. This iPhone and Android block will come into force from February 1, 2020. If you love WhatsApp and have any of the phones mentioned or have not updated your…

Facebook debuts new logo with different colors for distinction on its acquisitions Instagram, WhatsApp

November 5, 2019 Dianne Jacobs

Social media leader, Facebook wants more people to know it owns Instagram, WhatsApp and Oculus while still maintaining a distinct identity for its main app. So today it launched a new capitalization and typography format for its company name, using all capital letters and a shifting color scheme that highlights Instagram’s purple gradient and WhatsApp’s green tint. The idea to change the corporate logo to a minimalist rendering of the Facebook name, a move the company said is meant to separate the wider corporation — and its subsidiariesfrom the core…

Cellulant’s super payments app Tingg unveiled in 8 African countries

October 8, 2019

Cellulant the African fintech company has Tuesday announced the launch of Tingg, an all-in-one, multi-functional consumer super app that will include a wide array of payment, commerce and financial services into a single platform that will revolutionize the way customers interact with digital payment services in the continent. The pan-African payments firm has been quietly building a payments super app to bring bill payments, remittances, lending, group investments, food and gas orders in one app in its eight markets across Africa. The firm has now announced a major rebrand of…

Tesla Entry App Malfunction Locks Out Car Owners

September 4, 2019 olivia Craig

Some Tesla owners reported being locked out of their vehicles on Monday evening because the electric car’s app was down. The problem is, app connectivity shouldn’t have any effect on unlocking a Tesla. Downdetector, a tracker for users to report technical difficulties with web-based services, also showed that many users were having trouble with Tesla’s app. @Tesla your server is down for maintenance and we’re locked out of the car. What’s your ETA? — Melissa Chan (@melissachanhk) September 2, 2019 On Monday, numerous drivers found their apps were down “for maintenance”…

Apple Card just quietly launched, takes a new approach to credit cards use

August 13, 2019

Last week, Apple Card was launched, a new product that just might make the tech firm a lot of money. However there wasn’t much elation and ululation. This is because, anyone who put their name down to get Apple notifications likely got a highly personalized invitation about the product. To celebrate the launch, Apple didn’t release an expensive ad featuring exited customers, rather, Apple’s YouTube page was filled with explanatory videos. The Card is Apple’s different approach to credit cards use, statements are handled, and rewards are redeemed, without any…

Not coming to Ethiopia to Invest unless central bank rectifies the wrongful appropriation of diaspora shares – Sophia Bekele Eshete

July 24, 2019August 6, 2021 Editor

The monies and profits confiscated from the sale of the diaspora shares should be returned in full Op-Ed By Sophia Bekele Eshete, Addis Fortune | July 20, 2019 The National Bank of Ethiopia (NBE) passed a guideline about relinquishing shares in banks owned by foreign nationals of Ethiopian origin in 2016. The majority of the public, particularly the intellectuals and legal experts who understood what happened with the sale of the shares by the central bank and the financial institutions, know that it was a huge mistake. Various voices have…