Tech

China’s ZTE rebuffs America’s spying allegations
Tech

China’s ZTE rebuffs America’s spying allegations

China’s mobile phone and telecom equipment maker, ZTE, has hit back at allegations from US government officials that the company uses its presence in the country to spy for China. Chinese state news agency Xinhua cited a company representative as stating: “ZTE is proud of the innovation and security of […]

Toshiba appoints Nobuaki Kurumatani as new Chairman, CEO
Tech

Toshiba appoints Nobuaki Kurumatani as new Chairman, CEO

Toshiba Corporation has appointed Mr. Nobuaki Kurumatani as new Chief Executive and Chairman of the company, effective from April 1, 2018. The company Board also decided to reappoint Mr. Satoshi Tsunakawa as Chief Operation Officer (COO), and together they will together execute the management of Toshiba Group. In the official […]

Swiss’ Temenos posts 22% rise in revenue for 2017
Tech

Swiss’ Temenos posts 22% rise in revenue for 2017

Swiss banking and financial services software company, Temenos said its total revenue for the year 2017 rose by 22% to CHF736 million. Commenting on the results, Temenos CEO David Arnott said: “I am delighted with our performance in Q4, in which the business has continued to accelerate and capitalise on […]

Uber, Yandex merge ride sharing business in Russia
Tech

Uber, Yandex merge ride sharing business in Russia

Yandex and Uber have announced the merger of Yandex.Taxi and the Uber ride-sharing businesses in Russia and neighboring countries have closed. At closing, Uber invested $225 million and Yandex invested $100 million in cash in the combined company. The combined business has more than $400 million in cash on hand […]

Naspers leads $14.4 million investment in Joymode
JSE SENS Tech

Naspers leads $14.4 million investment in Joymode

South Africa’s Naspers Limited said it led a $14.4 million Series A investment in Joymode, an innovator in the movement from ownership to access. The company said the fund was raised through Naspers Ventures division with participation from previous investors. Also announced today, Mike Katz of Naspers Ventures, has joined […]

Taxify suspends driver in alleged rape scandal
Tech

Taxify suspends driver in alleged rape scandal

One of Nigeria’s biggest ride-hailing company, Taxify said it has suspended relationship with the driver involved in an alleged rape scandal that has since gone viral on social media. The company said in a statement that: This is an unfortunate event which we believe could have been better managed by […]

Temenos debunks acquisition rumours
Tech

Temenos debunks acquisition rumours

Banking and financial services software giant, Temenos has debunked rumours that it is in talks on an acquisition deal. The company said it “has not been approached to be acquired nor is it in discussion to do so”. The company said it “continues to leverage the strength of its business […]