IFS acquires Ultimo

Technodyn International, the exclusive strategic partner for global cloud enterprise software company IFS in sub-Saharan Africa, confirms that IFS has signed a definitive agreement to purchase Netherlands-based Ultimo Software Solutions to bolster its Enterprise Asset...

Absa funds utility scale renewable energy captive power project

Absa acted as joint mandated lead arranger and lender for South Africa’s first utility scale renewable energy captive power project, comprising 200MW’s of solar power, which will be built in the North-West province in South Africa, at an estimated cost of...

MTN SA bolsters executive structure

MTN SA has announced a review of its executive structure as the company gears up to deliver on its Ambition 2025 strategy to transform from a telco to a tech-co. In line with this strategic shift, the company has appointed Ernst Fonternel into the role of chief...

Dutch Entrepreneurial Bank partners with Startupbootcamp AfriTech

The Dutch Entrepreneurial Development Bank (FMO), an impact investor that supports sustainable private sector growth in frontier markets, has partnered with pan-African tech accelerator, Startupbootcamp (SBC) AfriTech, for the third installment of the Africa Startup...

Datatec signs up to United Nations Global Compact

Datatec has joined the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative. Over the past year, Datatec’s Responsible Business team has been heavily focused on developing a shared-value ESG and Responsible Business...

VMware reports 2023 Q2 results

VMware, a leading innovator in enterprise software, has announced its financial results for the second quarter of the fiscal year 2023. Revenue for the second quarter was $3.34 billion, an increase of 6% from the second quarter of fiscal 2022. The combination of...