FINANCE AND INVESTMENT

Old Mutual Limited

Old Mutual’s shareholders will not receive any interim dividends due to COVID-induced profit decline

Shareholders of South Africa’s leading insurer, Old Mutual Limited, will not be receiving any interim dividend payouts in the meantime. This is due to the company’s poor performance in H1 2020 which was caused by COVID-19. The insurance company’s latest earnings report showed  that profit (excluding one-time items) declined by[Read More…]

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Elon Musk

How Elon Musk Surpassed Mark Zuckerberg to Become World’s 3rd Richest Person

Tesla co-founder, Elon Musk is now worth $115.4 billion, surpassing Facebook CEO, Mark Zuckerberg, which now makes him the third-richest person in the world, according to the Bloomberg Billionaires Index. Zuckerberg is worth $110.8 billion. Musk relegated the Facebook co-founder to the fourth position on the list of world’s richest[Read More…]

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safaricom fund Kenyan startups

Safaricom Launches $6M Fund to Support Kenyan Tech Startups

Kenya’s largest Mobile Network Operator (MNO), Safaricom, has disclosed that it will invest a total of US$6 million in Kenyan tech startups in the 2nd edition of its Spark Venture Fund. The current Spark Venture Fund is a bigger beast at US$ 6 million, though Safaricom will spend larger sums[Read More…]

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