Hey Techies,
We are ready to gist you the first Big 5 Daily for the new week.
Have a good read.
ByteDance has finally resolved the security concerns of the US President by offering up to 20% cumulative stake in TikTok to Walmart and Oracle in a global pre-financing round. The deal is yet to be approved by the US regulators, but the President has given his “blessings.”
https://techgistafrica.com/news/world-news/oracle-walmart-to-acquire-up-to-20-cumulative-stake-in-tiktok/
Facebook has announced plans to site its second African office in Lagos, Nigeria next year. The new office is projected to boost growth in the Sub-Saharan African region and the African tech ecosystem.
https://qz.com/africa/1905838/facebook-to-open-africa-office-in-lagos-nigeria-in-2021/
See Also: The Big 5 Daily 18th September 2020
In East Africa, Uganda, Rwanda, and Tanzania have agreed to merge their stock markets. They are forming a consortium that will electronically unify their stock markets. When done, all countries will be able to buy and sell shares of firms that are listed in any of the nations.
https://weetracker.com/2020/09/18/uganda-rwanda-tanzania-are-merging-their-stock-markets/
From the global scene, Huawei Technologies has announced plans to launch its HarmonyOS in 2021. Its Operating System can be used in smartphones, smart speakers, wearables, and other devices.
https://consumer.huawei.com/en/press/media-coverage/2019/huawei-new-operating-system-harmonyos/
And last, on the Big 5, Mozilla has partnered with AfriLabs to identify new product ideas for Africa. It will convene African tech talents to discuss and identify the next generation of innovation and help build scalable products for the continent.
https://disrupt-africa.com/2020/09/mozilla-afrilabs-partner-to-explore-new-tech-ideas-in-africa/
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