Global

Naspers to shut down Turkish eCommerce startup, Markafoni
Global

Naspers to shut down Turkish eCommerce startup, Markafoni

In the spirit of deleveraging, Africa’s most valuable company and largest tech major, Naspers said it is closing Markafoni, its Turkish e-commerce and fashion company at the end of June. Naspers issued the statement earlier, Thursday, citing a challenging economic environment. The group said in the statement that despite initial […]

Indonesia seeks more crude oil from Nigeria
Energy

Indonesia seeks more crude oil from Nigeria

Indonesia, a South East Asia emerging economy, has indicated interest to purchase more crude oil from Nigeria. President Joko Widodo of Indonesia has given directives to the Indonesia National Oil Company, Pertamina, to direct its attention to Nigeria in its quest to meet that country’s surging energy needs. The call […]

Hulisani Limited buys Momemtous Technology
JSE SENS

Hulisani Limited buys Momemtous Technology

Hulisani Limited an investment holding company focused on energy opportunities has acquired Momentous Technology for ZAR122 million. Momentous Technology is a holding company, with its only asset being its shareholding in Rustmo1, an operational 7 MW solar photovoltaic (PV) plant. Momentous Technology is a holding company, with its only asset […]