Technology & Innovation3 stories
Vertiv has successfully completed its acquisition of PurgeRite Intermediate for approximately $1 billion. This strategic move aims to bolster Vertiv’s thermal management capabilities for data centers. In a separate deal, Capitec Bank has signed an agreement to acquire 100 percent of Walletdoc Holdings, a South African fintech company. This acquisition aims to integrate Walletdoc's technology into Capitec's digital payments ecosystem. Meanwhile, the Government of Kenya has outlined nine stringent conditions that Vodacom must meet before acquiring a 15% stake in Safaricom. The government's goal for this divestment is to raise between KES 240.5 billion and KES 244.5 billion for national funds.
