BUSINESS

Google parent company Alphabet paid four executives tens of millions of dollars in stock payouts for 2023. This comes amid layoffs and a turbulent year for the company.
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2 weeks ago Read more at Business Insider

The Treasury has allocated Sh27 billion to the Petroleum department for the subsidy. This is less than half the Sh54.18 billion budgeted for fuel price stabilisation this year ending June. It is not yet clear if the allocation for the fuel subsidy will be used to stabilise prices or settle the debt to oil companies.
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2 weeks ago Read more at Business Daily

Baselayer, a B2B platform using proprietary Graph AI technology, has secured a $6.5m seed round. The platform has acquired nearly 30 customers in less than six months. Investors include Torch Capital, Afore Capital, Founder Collective, Picus Capital, Gilgamesh Ventures, and notable financial industry executives.
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2 weeks ago Read more at FinTech Global

Students at Brown University in Rhode Island agreed to remove their protest encampment from campus after striking a deal with the administration under which the school’s board will schedule a vote on the question of divestment later this year. The demand that U.S. institutions withdraw their financial support from Israel is not a new one. The public reaction to Israel’s response to an October 7 attack on its citizens has amplified those calls, particularly among college students.
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2 weeks ago Read more at Voice of America - VOA News

A study conducted by Kaspersky at the end of 2023 found that 76 per cent of small businesses globally and 88 per cent in the Middle East, Turkiye and Africa experienced at least one cyber incident in the past two years. The consequences of those attacks were severe and resulted in leaks of confidential data (34 per cent globally, 29 per cent reported this in META), reputational damage (23 per cent), loss of customer trust (20 per cent) and more. In today’s connected world, small businesses
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2 weeks ago Read more at CIO Africa

US Federal Reserve held interest rates steady and signaled it is still leaning towards eventual reductions in borrowing costs. Fed Chair Jerome Powell said that after starting 2024 with three months of faster-than-expected price increases, it 'will take longer than previously expected. inflation will resume the decline towards 2% that had cheered them through much of last year.
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2 weeks ago Read more at This is Money

This comes amid layoffs and a turbulent year for the company. Google's senior VP and chief business officer each got $35 million in stock for 2023. Subscribe to get the inside scoop on today’s biggest stories in markets, tech, and business.
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2 weeks ago Read more at Business Insider

Indicium is expanding its operations in the U.S. following a $40 million financing boost from private equity firm Columbia Capital. The company was founded in Brazil in 2017 and has a strong presence in Latin America. However, following the investment, the company plans to grow its local team.
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2 weeks ago Read more at Channel Futures

Uzbekistan’s outsourcing sector is taking off, says IT Park CEO Farkhod Ibragimov. The country’s best resource is its fast-growing population – almost unique in the Former Soviet Union. It will overtake Poland in the coming decade, making it the most populous country in Eurasia, behind only Germany and Russia.
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2 weeks ago Read more at bne IntelliNews

Dr Samuel Motsuenyane was the founding member of the National African Federated Chamber of Commerce and Industry (NAFCOC) He also played an important role in the formation of the African Bank. Through his business acumen, he mobilised black communities to contribute towards the R1 million that was required to capitalise the bank for it to open its first branch in Ga-Rankuwa township in 1975.
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2 weeks ago Read more at SABC News