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CellSaf, a crucial shareholder at South African mobile company Cell C, doesn’t seem to be happy with the company’s move to provide “blanket indemnity” to exiting directors. CellSaf described it as “the most blatant attempt at corporate hijacking in recent history”. According to City Press, CellSaf instructed its attorneys to oppose the indemnity, saying they “don’t believe it is warranted.”
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An unusual shakeup hits South Africa’s port and pipeline company, Transnet. Last Thursday, news broke that the company’s board was planning to fire its CEO, Siyabonga Gama, because they had lost confidence in his ability to lead the company. But it didn’t end there. Further reports revealed that the board was also preparing to sue Siyabonga Gama along with former CEO Brian Molefe and former CFO Anoj Singh. The board alleged the former bosses were involved with a controversial locomotive tender.
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Vodacom is partnering with international advocacy organisation Global Citizen with the aim of encouraging South Africans to carry on the legacy of the late Nelson Mandela. The company says the this is a “movement that will see our collective force of 43.1 million subscribers driving change and making a difference in some key areas of delivery in South Africa”
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Eni S.p.A, an Italian multinational energy company, is collaborating with the United Nations Development Programme (UNDP) to boost access to sustainable energy in Africa. According to Ventures Africa, Nigeria, Egypt, Ghana, Kenya, Angola, Tanzania, Cote d’Ivoire, Mozambique, Gabon and Congo are going to be the first set of countries to benefit from the deal.
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Enova Robotics, robotics startup in Tunisia, has raised a US$1.6 million funding round to create a French branch and expand its development capacities. The fund, secured from Tunis-based investment firm Capsa Capital, will be used to open a French branch for overseas sales and develop further robots in the security field. In 2015, the Enova released Pearl Guard, a security robot for civilian use which patrols to detect intruders and send alerts.
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South Africa’s Free State Department of Health has deployed its first Pharmacy Dispensing Unit (PDU), known as an ATM Pharmacy. Montseng Tsiu, a Member of the Executive Council for Health in the Free State province said “this technologically advanced pharmacy will dramatically reduce waiting times and congestion in public healthcare facilities in Mangaung.
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In an age of digital banking when customers demand instant responses, downtime and unavailability can have a negative impact on reputation. Kate Mollett, regional manager for Africa South at Veeam, explores how Fintechs can embrace hyper-availability to gain the competitive advantage in the banking sector.
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#WomenInTech: Techmoran profiles Dorcas Muthoni, the woman behind one of the biggest computer software companies in Kenya.
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If you’re a Product Designer, UX/UI Designer, Interaction Designer, Graphic Artist, Illustrator in Nigeria, Cokards Creative Agency is organising an event at Workstation on October 13, 2018 by 11AM. Deets and registration here.
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That’s All!
Thanks for reading.
– Samuel
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