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Global News: Uber Set To Expand Its Wings in West Africa

BY Soko Directory Team · June 28, 2019 12:06 pm

Global ride-hailing firm Uber Technologies Inc is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive said on Thursday.

In much of sub-Saharan Africa, there are low levels of personal car ownership, rapidly expanding populations and a lack of efficient mass transport systems in fast-growing cities.

Uber, which said it has 36,000 active drivers in sub-Saharan Africa, operates in a number of countries in East and South Africa but is largely absent from West Africa, aside from Nigeria and Ghana.

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Sunday Times Now Has a New Owner

JSE-listed Tiso Blackstar the owner of publications such as the Sunday Times, Business Day and FM has sold its media, broadcast and content businesses in South Africa, Ghana, Nigeria and Kenya to Lebashe Investment Group for R1,05 billion. Lebashe has been in the spotlight lately over funding received from the PIC.

The sale, which is expected to be completed after seeking certain regulatory and other approvals, will unlock significant value for TBG shareholders while also ensuring that the media business has a strong and committed shareholder in Lebashe to take it forward.

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Billionaire Richard Branson’s top productivity trick

Between running a multi-billion dollar empire, attempting to head to space and updating his blog multiple times per day, Virgin Group founder, Richard Branson, gets a lot done.

His top productivity trick is a simple habit that has nothing to do with making to-do lists, checking email or turning off notifications: “The only reason I’m able to do all the things I do and to keep on top of a busy schedule without getting too stressed is because I stay fit,” the billionaire entrepreneur writes on his blog.

Making time for exercise, he says, doubles his productivity.

“If people are feeling their best, they will be their most productive selves at work,” writes Branson. Plus, there are other benefits: “I find exercise the most natural and effective mood booster there is.”

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Tunisian Parliament goes after populist presidential candidate in Tunisia

A recent change in Tunisia’s electoral legislation is a self-preservation bid by the major parties that control Parliament. The major parties have started to feel threatened by populists who appeared to be strong contenders to win the presidential election that is supposed to be held in November (first round) and December of this year and have accordingly moved to exclude them.

On Tuesday, June 18, 122 of the 170 deputies present in the House of People’s Representatives voted in favour of changes to the voting code, of which the most important area ‘representativeness threshold’ in the parliamentary race, which means that parties that win less than 3% of the overall vote will no longer obtain representation in Parliament and two oddly specific new clauses that were plainly introduced purely to exclude particular candidates.

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Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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