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Ericsson Board fires CEO Hans Vestberg

The board of telecommunications equipment giant Ericsson has forced its CEO, Hans Vestberg, to step down today with immediate effect after the board agreed that he wasn’t the person to turn Ericsson around. Ericsson said that Vestberg, who led the…
Verizon acquires Yahoo for $4.8 billion

Verizon acquires Yahoo for $4.8 billion. The US wireless carrier has been expanding online content and advertising since last year’s AOL deal, and sees value in Yahoo’s billion users, even though other investors do not. The deal will be announced…
U.S. invested $6.9B in Africa in 2015

According to EY’s 2016 Africa attractiveness program 2016, Staying the course, despite a relative slow down, Sub-Saharan Africa remains one of the fastest growing regions in the world. This is reflected in the foreign direct investment (FDI) levels in 2015, where…
Nigeria spends $1 billion yearly on software imports

The National Information and Technology Development Agency (NITDA), while relying of data from the National Office for Technology Acquisition and Promotion (NOTAP) revealed that Nigeria spends $1 billion yearly on software imports, many of which have local substitutes. This was…