Hi Guys,
Welcome to another edition of the Big 5 Daily.
Let’s dive in!!
Remember when we said Africa’s biggest pay-tv group, MultiChoice will be listing on the Johannesburg Stock Exchange (JSE) in the first half of 2019? Well, it debuted on the JSE on Wednesday with shares opening at 95.50 rand, giving the company a market capitalization of 42 billion rand ($3.03 billion). The stock was trading at 105.04 rand as of 0727 GMT. Naspers however, did not raise money from the listing but distributed the 439 million shares to its current shareholders to boost their equity. They distributed on a one-for-one basis for its listed shares and one for five unlisted A-class shares.
We have news that, iamtheCODE has partnered with Alibaba Cloud to empower 1 million women and girls to learn coding by 2030. iamtheCODE is the first African-led global movement to mobilise multi-stakeholders for the advancement of STEAMD (science, technology, engineering, mathematics arts and design) education for women and girls only. It was founded by Senegalese born, British Techprenuer Marieme Jamme. Alibaba Cloud is the subsidiary of the Alibaba Group that majors in cloud-computing. Nice initiative! Don’t you think so?
Moving on, the South African government is looking to develop the biggest tech hub in Africa. The hub will house a co-working, co-creation space and a coding and programming Academy as well. The space will be for youths and start-ups in particular. The Minister of Small Business Development, Lindwie Zulu revealed this on Friday while addressing an engagement session with the creative industry in Johannesburg under the theme ‘Leveraging on digital platforms for 4IR creative’. This is a good move by South Africa towards the tech ecosystem.
Next on the Big 5, Kenya has launched a new online visa application service online called Access UK. This upgrade will allow customers digitally apply for thier UK Visas and will also add improvements to their online customer journey. It is available in over 200 countries in the world right now.
Finally on the Big 5 Daily, it was announced that Visa partnered with PayMate to service corporate customer’s needs to clients in Central and Eastern Europe, Middle East and Africa region. The arrangement will be facilitated through Paymate’s technology. PayMate’s cloud based platform digitizes the procurement-to-payment cycle for businesses and also aids huge enterprises and SMBs to transition from slow and expensive forms of payment to real time and efficient digital payment.
That’s it for the Big 5 Daily.
Thanks for joining!