The global IT spending on enterprise software set to reach US$426bn in 2020, with many businesses in the IT sector keen on implementing innovatrive measures to keep entitites running during this pandemic, according to data obtained by Buyshares.co.uk
Commerce
Hexatronic to acquire UK-based fibre optic company Tech Optics
Manufacturers of fibre optic cable Hexatronic Group has entered into an agreement to acquire all shares in the UK-based fibre optic company Tech Optics Limited
Digital transformation in banking sector crucial for sustainable growth
Bankers from sub-Saharan Africa and China who attended the Huawei sub-Saharan Africa Financial Services Industry Online Summit 2020 agree that digitisation of the sector will give it resilience against the current COVID-19 pandemic and enable sustained growth in the post COVID era
South Africa’s Mama Money partners with Western Union for global expansion
Western Union, a provider in cross-border, cross-currency money movement and payments, and Mama Money, a growing international money transfer company, have partnered to enable Mama Money customers to send money to their family around the world through Western Union’s Global Network
DHL Express acquires stake in Link Commerce
DHL Express has acquired a stake in the UK-based e-commerce firm Link Commerce, which helped the logistics company develop its hugely successful DHL Africa eShop platform