Yesterday it was announced that online commerce platform, DPO Group has entered into an agreement to be acquired by Network International. The deal, in which the latter is set to acquire 100 per cent of DPO for approximately $288 million, will see the company supporting Network International’s growth in the African market. CNBC Africa spoke to the CEO of DPO Group, Eran Feinstein for more.
The City of eThekwini pulled out all stops to give fans of the annual Vodacom Durban July (VDJ). The Virtual Vodacom Durban...
UAE financial centers act as a gateway to benefit African businesses GCC, July 13th, 2020: Tata International Limited (TIL)...
Uber, in partnership with Mastercard to provide 120,000 free trips to frontline workers in MEA, including South Africa, Nigeria, Kenya, Ivory Coast...
“There are many vaccines under trial, a couple in the final stage of clinical trials - and there is hope. It does not mean that we will have the vaccine, but at least the speed with which we reached the level we reached now is unprecedented,” he said.
“Antibodies can block infectivity. That is a fact,” Regeneron Pharmaceuticals executive Christos Kyratsous told Reuters.
It’s a change of baton at Seplat, as the dual-listed oil and gas company on the London Stock Exchange and the Nigerian Stock Exchange gets a new CEO. Seplat Petroleum reported a 34 per cent decline in half-year revenue which the company says reflects the contribution of ELAND which was acquired at the end of 2019. Roger Brown, new CEO of Seplat joins CNBC Africa to discuss his plans for the company going forward.
Demand uncertainty in equipment manufacturers and aftermarket environments is causing a devastating impact on the automotive sector, amid COVID-19. With a reported survey indicating revenue shortfalls along the value chain, what does the future of South Africa's automotive sector look like? CNBC Africa spoke to Lance Schultz, Chief Executive Officer at Gauteng, Automotive Industry Development Centre, to find out if there is any moderation to the sector's plans....
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