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Why British investor’s bid to buy PZ Cussons Nigeria fell apart

The deal seeking to sell PZ Cussons Nigeria to core investors from Britain hit a brick wall midway after the Nigerian capital market watchdog sought clarification on some irregularities in the PZ board’s request for approval, sources familiar with the matter told PREMIUM TIMES. Nigeria’s Securities and Exchange Commission (SEC) raised an eyebrow after pinpointing flaws in the document by PZ Cussons Nigeria asking the regulator to endorse PZ Cussons (Holdings) UK, which has a 73.3 per cent interest in the company…

Toba supereruption may have facilitated dispersal of modern humans out of Africa

Excavations at a Middle Stone Age archaeological site, Shinfa-Metema 1, in the lowlands of northwest Ethiopia revealed a population of humans at 74,000 years ago that survived the eruption of the Toba supervolcano. Credit: From topographic-map.com Open Database License (ODbL) v1.0 Modern humans dispersed from Africa multiple times, but the event that led to global expansion occurred less than 100,000 years ago. Some researchers…

Airtel Africa considering public shares sale of mobile money business

Mobile network operator Airtel Africa, which has Nigeria as its biggest market, is giving thought to launching a public shares sale for its mobile money arm, whose valuation exceeds $4 billion once the transaction is completed. It has been in talks with possible advisors for a planned listing of the shares from the initial public offer on a stock exchange, yet to be decided, in any of London, the UAE and Europe, Bloomberg reported Wednesday, citing sources with the knowledge of the move. Airtel Money needs to be…

Confusing Jumbles of Rocks in Africa Could Represent Oldest Known Earthquakes : ScienceAlert

Our world may seem fragile, but Earth has been around for a very long time. If we ventured far back into the past, would we reach a time when it looked fundamentally different?The answer lies in some of the earliest extensive relics of Earth's surface, found in a remote corner of southern Africa's highveld – a region known to geologists as the Barberton Greenstone Belt.The geological formations in this region have proved difficult to decipher, despite many attempts. But our new research has shown the key to cracking this…

Binance’s Top Crypto Crime Investigator Is Being Detained in Nigeria

In his years as a US federal agent, Tigran Gambaryan helped to lead landmark investigations that took down cryptocurrency thieves and money launderers, dark-web drug dealers, and even crypto-funded child exploitation networks. Now, in his post-government role at the cryptocurrency exchange Binance, he has become the target himself of a very different sort of federal crypto crackdown: For the past two weeks, he and another Binance executive have been detained against their will by Nigerian officials.Since February 26,…

Why Are Great White Sharks Disappearing in South Africa?

From renowned photographers Chris and Monique Fallows and co-authors on the new paper: “This image has special meaning to Monique and I as it so incredibly symbolizes the unbelievable sights we witnessed in the early mornings at Seal Island, False Bay, for over two decades – the oceans most famous super predator exhibiting the most spectacular behavior seen in its 60-million-year tenure on our planet. Today tragically the waters around Seal Island are empty of these icons.” Credit: @chrisfallowsphotographyRecent study…

One Animal in Africa Instills Even More Fear Than Lions : ScienceAlert

With their bladed paws, wielded by a rippling mass of pure muscle, sharp eyes, agile reflexes, and crushing fanged jaws, lions are certainly not a predator most animals have any interest in messing with. Especially seeing as they also have the smarts to hunt in packs."Lions are the biggest group-hunting land predator on the planet, and thus ought to be the scariest," conservation biologist Michael Clinchy from Western University in Canada said in 2023.But in over 10,000 recordings of wildlife on the African savannah, 95…

US court sides with Apple, Tesla, other tech companies over child labour in Africa

A federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support for the use of child labor in cobalt mining operations in the Democratic Republic of the Congo.In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia ruled in favor of Google parent Alphabet, Apple, Dell Technologies, Microsoft and Tesla, rejecting an appeal by former child miners and their representatives.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Deel acquires Africa’s PaySpace, says it’s crossed $500M in ARR

Deel is on an acquisition march. On Tuesday, the HR startup announced it is acquiring African-based payroll and HR software and services company PaySpace in a deal that marks its largest acquisition to date. The move comes less than one week after Deel announced it had picked up Munich-based Zavvy, an AI-based “people development” startup building tools for personalized career progression, training and performance management. Financial terms of the PaySpace acquisition were not disclosed.  Johannesburg-based PaySpace…