Commonwealth News
Nigeria gets first local blockchain infrastructure
Interswitch Group, a Pan-African integrated digital payments and commerce company, advises African governments to build blockchain-based supply chain financing services. The innovative system will record transactions in multiple places at the same time, thereby making...
Eswatini new deal beacons bright energy future for SADC
The Government of Eswatini signs a $115 million deal with renewable power producer Frazium Energy (FZM) for a mega solar-storage project in Matsapha, central Eswatini. The project will have an initial capacity of 100 MW and is expected to supply more than 100 million...
BigBasket, 1MG employees get access to Tata Digital’s new super app
India’s Tata Group to rollout new super app TataNeu among its 7 lakh employees globally. The app will also be accessible to employees of BigBasket and 1MG, companies that were acquired by the group earlier this year. According to the sources, this is a soft launch of...
MFS Africa acquires Nigeria’s Baxi in “second-largest” fintech deal behind Paystack
MFS Africa, a fintech company signs an agreement to acquire Baxi’s parent company, Capricorn Digital. It is one of Nigeria’s largest digital solutions and distribution companies with a 90,000-strong agent network across the country. The deal is expected to be the...
Malawi-Mozambique interconnector starts – foreign companies share contracts
Malawi Interconnection Project (MOMA), the 218 km transmission interconnector and Matambo Substation upgrade under Mozambique to end by October 2023. Electricity Supply Corporation of Malawi (ESCOM) has shared the contract with L&T from India, Sino hydro from...
Airports set to increase revenue after Tata Group takes over Air India
Air India's acquisition by the Tata Group and privatisation will earn more revenue for India with the increase in luxury and business class travel, improved operational efficiency, and payment of dues on time from which airports will benefit. The Group have the...