News & Events

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 second-highest fintech acquisition in Nigeria to date after Paystack.

Read the original article here: https://technext.ng/2021/10/20/mfs-africa-acquires-nigerias-baxi-in-second-largest-fintech-deal-behind-paystack/

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 China and Gopa Intec International from Germany. It will cost around $127million and add 50 Megawatts to the country’s power grid.

Read the original article here: https://allafrica.com/stories/202110210089.html

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 second-largest fleet in the country holding about 57 per cent of the domestic market.

Read the original article here: https://www.moneycontrol.com/news/business/airports-set-to-increase-revenue-after-tata-group-takes-over-air-india-7608371.html