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Let’s start off with why Absa Group is involved in this B20 summit. When we decided to participate in B20, it was largely because we’re a pan-African bank, and this story being an African story with having a G20 for the first time on the African continent, we felt that it was quite important that we could bring all the African voices into the discussion. We see Africa decisively from an Absa perspective as the space we would want to grow in. And we are very deliberate about solving African stories. How does Absa’s recent acquisition of Standard Chartered’s retail…
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In a potential game-changing move for South Africa’s pay-TV market, MultiChoice is considering unbundling its popular SuperSport channels from its DStv offering, according to a Reuters report published Thursday. The…
Uganda Communications Commission (UCC) has asked the standards agency to investigate the illegal importation of streaming devices that are being used on the local market to reproduce content that is exclusive to MultiChoice Uganda. In a 13th February letter to Uganda National Bureau Standards (UNBS), UCC noted that following a complaint from MultiChoice over the illegal streaming of its exclusive content aired on DStv, it had investigated and found evidence of several devices that are being used to bypass MultiChoice systems. In its complaint, Multichoice had told UCC that numerous entities in Uganda were importing, selling and utilizing illegal internet…
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From the moment Dayne Jr. Moore unleashed a dazzling seven-under 64 on day one of the Proffesionals Open, it was clear he was the man to beat. Fast forward to Saturday, and the South Africa-based Zambian coolly carefully navigated the course to claim the 2024 Johnnie Walker Uganda Professional Open title, securing a two-stroke win over Rwanda’s ever-impressive Celestin Nsanzuwera. Moore’s dominant performance began early, but his only under-par round came on Thursday. For the next three days, he recorded two-over and one-over twice, but still clinched victory with three under par. Nsanzuwera mounted a fierce final-day challenge with a…
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South Africa’s MultiChoice Group, the parent company of DStv, has registered its worst financial performance in its history revealing a loss of ZAR 4.1 billion (USD 222 million) for the financial year that ended March 2024, after a loss of ZAR 2.9 billion (USD 157 million) in the previous financial year in March, 2023. The Group suffered a 9% decline in active subscribers mainly due to a 13% decline in the Rest of Africa business as mass-market customers in countries like Nigeria had to prioritise basic necessities over entertainment, while the South African business showed more resilience than other regions with…
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Celebrated top city law firm Shonubi, Musoke & Co. Advocates claimed a treble of accolades this month at the first ever in-person fourth edition International Financial Law Review- IFLR Africa Awards held at Protea Hotel in the City of Johannesburg, South Africa. IFLR1000 is a leading international legal market research product specialised in ranking financial and corporate law firms and lawyers. Dr. Alan Senkatuka Shonubi, the senior partner at the Kampala law firm won the Lifetime Achievement Award for his influence on legal practice, deal making and the cross-border environment and leadership/mentorship of the next generation of lawyers. This was…
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