The Weekly News Wrap - Where Capital Lands and Why
Weekly News Wrap: Energy investment, business sentiment and mining innovation
No Free Lunch Podcast - Global AI Panic - Real or Overstated?
3 minSundar Pichai Introduces Google Gemini 2.0: A Leap into the Agentic AI Era
1 minAnushka: Low-Budget Humanoid Robot Revolutionizes Robotics with AI and Innovation
3 minTrend Micro Stops Deepfakes and AI-Based Cyberattacks for Consumers and Enterprises
1 minYouTube Introduces Exciting New Features for Premium Users
3 minAI Redefined: Sightful Unveils Refined Spacetop G1 AR Laptop for Sale
Funding & FinanceSouth Africa has one of the world’s highest small business failure rates. Research from the University of the Western Cape shows 70% to 80% of SMMEs collapse within five years. They build quietly while owners watch revenue and assume all is well.
energyShell is selling its Nigerian gas distribution business to Vaaris Energy, putting a local company in line to take over a pipeline network serving more than 130 industrial and commercial customers.
fintechPepkor is looking to bring two parts of South Africa’s merchant payments market under one roof, combining its Flash business with Shop2Shop in a deal that values the proposed company at R21.3 billion.
Funding & FinanceCapitec has agreed to sell its rental finance business to Sasfin Capital for R201 million, as the bank shifts its attention to other parts of its business.
start-upsFor mining startups, supplier contracts can determine how far limited capital stretches. Equipment purchases, spare parts, software subscriptions, maintenance agreements and consumables all compete for cash, particularly when a company is still testing its technology or securing its first commercial customers.
Business SchoolA business owner setting up in Morocco has a few decisions to make before opening the doors: what type of business to register, where it will be based and which documents the authorities require.
energyGhana is looking to bring more international oil companies into its petroleum industry as falling crude production increases pressure on the government to attract investment. Discussions about a possible return by ExxonMobil have now surfaced, although neither the company nor Ghanaian energy authorities have confirmed that negotiations are under way.
start-upsSouth African accommodation booking platform LekkeSlaap has been acquired by a consortium of local investors, bringing its co-founders’ involvement to an end and setting up the business for its next phase of growth.
fintechSafaricom is giving Kenyan customers who avoid interest-based investments another reason to use M-PESA. The company has introduced Ziidi Shari’ah, a money market fund developed with GulfCap Investment Bank for people who want their investments to comply with Islamic finance principles.
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