Westbrooke Section 12J raises R400m in SA investments

Section 12J manager Westbrooke Alternative Asset Management has confirmed that its 2020 fundraise has brought in over R400-million from more than 400 investors, with investment sizes ranging between R250 000 and R5-million. Dino Zuccollo, co-head of 12J at Westbrooke...

MTN Nigeria records improved revenues

MTN Nigeria has released consolidated audited results for the year ended 31 December 2019. Key features of the announcement include: * Mobile subscribers increased by 6,1-million to 64,3-million. * Active data users increased by 6,5-million to 25,2-million. * Service...

Analysys Mason to acquire German consultancy

Datatec subsidiary Analysys Mason has agreed to acquire Allolio & Konrad, a consultancy based in Bonn, Germany with an extensive track record in the telecommunications industry and long term client relationships with Europe’s leading telecom operators....

SUSE delivers strong Q1 results

SUSE has announced its financial results and highlights from the first quarter of its fiscal year 2020 ended January 31. Q1 revenue increased 12% year over year, including a 67% surge in cloud revenue. Deals over $1-million continued to grow, with significant customer...

Coronavirus sends gold to seven year high

China is the world’s second-largest economy and leading trading nation, therefore economic fallout from coronavirus threatens global growth, according to this statement from Banque SYZ. Economists expect China’s economic growth to slump to 4.5% in the...

Jumo secures $55m investment

Jumo, a technology company building next-generation financial services for emerging market entrepreneurs, today announced the successful raise of $55-million in debt and equity funding to support expansion into new markets and the launch of new products. The funding...