Daily Archives: December 11, 2017
The core question over the future of Angolan oil is answered. João Lourenço is not sitting idle while the descendants of former president José Eduardo dos Santos rule over the country’s most profitable and important institutions. The take down on Sonangol’s board of directors and, specifically, Isabel dos Santos, which was ousted from the company last week, marks João Lourenço’s decisive statement that he is now truly the president of Angola, and not a puppet of the previous administration.
Uber has been launched in many West African countries for over a year now but the issues surrounding the business suggests deep forms of marginalization where drivers have to over work themselves in order to settle their car owners and the company and leave something for their families. In Nigeria, this is not peculiar to Uber drivers alone not also Taxify the only difference is Taxify takes 15% from their drivers while Uber takes 25%.
The Governments is on the way to making Ghana the most suitable environment for business investments in the continent, says Dr. Mahamudu Bawumia, the vice president. At the 1st investment summit of global leaders hosted by the GIPC, the vice president indicated, the Nana Addo led government is adopting strategies that will propel Ghana to become the most attractive business home for investors in Africa within the next few years.
The end of 2017 marks the completion of Africa’s first hyperscale data centre, JB2-Bredell. Owned and operated by Africa’s largest and only vendor neutral data centre, Teraco, the Bredell Hyperscale Data Centre Facility located in Bredell features over 24 MW of power and 6000m² of technical deployment space and is the largest commercial data centre in operation in Africa. The record-breaking build brings with it much anticipation as the continent sees more and more technology giants choosing to colocate to Africa.
Internet services will be more accessible across Lagos Mainland including Ajao Estate, Surulere, Ikeja, Omole, Magodo, Gbagada, Oworonshoki, Bariga, Anthony Village, Ogudu, Ojota, Ketu and Alapere
Ahead of the ANC elective conference later this week, South Africans will be looking for a positive ending to a year marred by political and economic fallout. As the country watches and waits, speculation is rife about what the outcome will be, but according to Retail Capital CEO, Karl Westvig, stability and certainty is the silver bullet for the SME sector.