BlackRock, the biggest asset management company in the world, has said it is buying Global Infrastructure Partners, a company founded by Nigerian investment banker Adebayo Ogunlesi, in a $12.5bn deal. According to a statement released on Friday, Blackrock is to pay $3bn in cash and offer Ogunlesi and five other co-founders of Global Infrastructure Partners 12 million shares in Blackrock, thus making them the second biggest shareholders in the global asset management giant. BlackRock said it would also appoint Ogunlesi, GIP Founding Partner, chairman and CEO, to the board at the next scheduled board meeting after the close of the…
Author: Johnson Akinyi
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By Dorian Maillard, Vice President at DAI Magister The world is hurtling headlong into a digital future, and one crucial resource is in short supply: tech talent. Projections paint a stark picture. By 2030, the global tech talent shortage could soar to 85 million, translating to $8.5 trillion in potential lost annual revenue, and there’s no viable solution at scale to fill this looming deficit. Yet, amidst this intensifying scramble for tech talent, a paradox unfolds. Africa, a continent brimming with potential, stands as a vast, untapped, and overlooked goldmine of tech talent that will be home to over 200 million…
South Africa’s luxury goods tycoon Johann Rupert and his family have taken the crown as Africa’s top billionaire after Nigeria’s Aliko Dangote lost the prime spot. According to the latest Forbes billionaire ranking, Mr Rupert and his family are currently the 201st wealthiest in the world, while Mr Dangote is the 219th. The valuation of the wealth of Mr Dangote, who held the first place on the African billionaire ranking for more than 12 years, came under pressure after a major devaluation of the naira by roughly 40 per cent last June and the free fall that followed left his…
In mid-November, Cape Town hosted the Africa Tech Festival, the continent’s largest and most influential tech event, where thousands of corporate, start-up, civil society and government leaders convened to forge the ties needed to accelerate Africa’s digitalisation and unlock its economic potential.While promising, Africa’s rapid surge of broadband connectivity in recent years has created significant cross-border and internal digital divides that continue to impede the continent’s growth. As such, rolling out inclusive digital access to isolated regions and underserved communities topped the Africa Tech Festival’s agenda, alongside expanding the role of satellite connectivity as a development leapfrogging enabler and tackling…
Things have tremendously changed in the world of travel with rental cars featuring as the most preferred means for visitors to connect to and from their destinations. One important question many travelers always ask though is should I rent a car? Why should I hire a car in Uganda? For starters, many benefits come with renting a car in Uganda for your road trip.A rental car is essential whether you plan to travel for leisure or business. Hiring a car in Uganda makes your mobility easier and you are guaranteed ultimate comfort unlike if you used public means. Today, it…
His Excellency Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, participated in the ‘Africa Investment Earthshot Leaders’ Summit’ at the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), which is currently being held at Expo City Dubai. During a keynote speech, His Excellency highlighted the most prominent pledges and commitments announced by the UAE which will be implemented in Africa during COP28. Most notable was the allocation of USD 200 million to bolster climate resilience in vulnerable countries, and USD 100 million of new finance for nature-climate projects, with an initial USD 30…
The Cyber Security Awards were established in 2014 to reward the best individuals, teams, and companies within the cybersecurity industry Globally. Excellence and innovation are core themes, throughout all categories. The judges come from varied backgrounds and are some of the most well-regarded individuals within the industry. This year, the awards had nominees from 30 countries and held in London on the 29th of November 2023. Dr Fene was nominated in the Cyber Educator of the Year category for his outstanding achievements in mentoring and thought leadership. He was the only Nigerian nominated. At the end of the night, Dr…
Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.Russia’s state-owned Gazprombank has won South African approval to refurbish a mothballed refinery in the country that would pave the way to restarting production.President Cyril Ramaphosa’s cabinet said on Monday it had endorsed a recommendation by PetroSA, South Africa’s state oil and gas group, to work with the African arm of Russia’s third-largest lender on the project, which is estimated to cost about $200mn.“This selection of Gazprombank is still dependent on the final investment decision that will be informed by…
Listen to this story. Enjoy more audio and podcasts on iOS or Android.Your browser does not support the <audio> element.ISRAEL’S COURTS returned to normal service on December 4th after a two-month pause because of the war in Gaza. Among the trials to resume was that of Binyamin Netanyahu, the prime minister, who is charged with one count of bribery and three of fraud; he denies them all.For the more than four years since charges were laid, they have consumed Israeli politics. Mr Netanyahu has refused to resign for the duration of the trial, arguing that it would not hinder his…
In recent years, the focus on employee experience in the workplace has surged. By 2022, recognition of its significance peaked. In 2023, leading companies are transforming the role of experience into real action – and creating workspaces that employees enjoy says Tango Matoti, Head of Workplace Strategy and Design at Tétris Design and Build South Africa. “How businesses arrange and organise themselves for people is also a question of how they become more resilient, more innovative – and build an agile future.” Backed by research from JLL in its Worker Preference Barometer June 2022 and Future of Work Survey, Tétris shares six key…