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MultiChoice South Africa and Showmax CEO Marc Jury resigns, Du Plessis to succeed

Bryon Du Plessis (13-year MultiChoice veteran and Deputy CFO) to replace Marc Jury, former SuperSport CEO who is stepping down to pursue interests in the sport business.

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Bitcoin hits new high of $94,000 ahead of Trump’s proposed Bakkt acquisition

Bitcoin hits record high of $94,000 at 3pm today.

Analysis

How Access Holdings’ Hydrogen, Oxygen X, Pension are minting billions in profits

The company's fintech, pension, and lending ventures have demonstrated profitability within two years of incorporation.

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Condia Insider: The battle for cash in Nigeria

Initially introduced to bridge the gap in cash access, PoS agents have become the go-to solution for many Nigerians due to unreliable ATMs. However, their high transaction fees are sparking debate about the true cost of accessing money

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Nigeria’s inflation rises to 33.88% in October, placing another rate hike on the table

This will worry policymakers, under immense pressure to lower food prices during harvest season

News

Google selects six startups in its 2024 African Accelerator Cohort

Google has announced the six startups it’s chosen for this year’s Startups Accelerator Africa.

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9mobile subscriber base drops 73% per NCC report; telecom promises service overhaul

“9mobile is going through a transformation phase in order to reposition the business for Growth,” 9mobile CEO Obafemi Banigbe told Condia, refusing to share further details for now.

News

MultiChoice reports 99% fall in half-year profit, loses 541,000 subscribers in Nigeria and Zambia

MultiChoice Group CEO Calvo Mawela highlighted that the current operating environment presents the most significant challenges the company has faced in almost 40 years.

News

EXCLUSIVE: Access Bank will pay ₦23 billion to finalise Tanzania bank acquisition

This deal indicates Access Bank's successful acquisition of ABC Tanzania, which is part of the lender’s strategy to expand its footprint in East Africa.

News

Jumia faces tough third quarter, with revenue declining to $36.4 million

Jumia will only focus on promising markets and opportunities, as it hunts for profitability.

News

MTN Nigeria’s total investments in mobile money arm rises to ₦26.35 billion

This comes after MTN Nigeria injected an additional ₦1.15 billion capital, taking total investment in MoMo PSB to ₦26.35 billion from ₦25.2 billion

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OmniRetail expands fulfillment network, with 50 warehouses across Nigeria

OmniHub Franchise will assist business owners in starting their FMCG distribution business.

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