The world’s wealthiest man is stepping back from the day-to-day operations of the business and handing the reins to Andy Jassy. Amazon founder Jeff Bezos has officially stepped down as the company’s chief executive, handing that role over to Andy Jassy, in order to focus on “new products and early initiatives”. With a total net…
Amazon has finalized plans to open African headquarters in South Africa. The R4.5 billion River Club Development in Cape Town has been given the go-ahead. This approval follows years of objections lodged by environmental activists and heritage protection organisations. The development will feature offices, retailers, restaurants, and apartments, with Amazon listed as the “anchor tenant”….
Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. Elon Musk edged past Amazon founder Jeff Bezos to grab the title of world’s richest person, according to Bloomberg. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos…
With the African Internet economy and online commerce rapidly growing 75% faster than the global average, technology company Stripe has entered into an agreement to acquire Lagos-based technology company Paystack. Paystack is a growing engine for modern businesses, co-founded by Shola Akinlade, the chief executive officer and Ezra Olubi, the chief technical officer who recently shared his experience with the Nigerian…
Jeff Bezos‘ Amazon has now become the second company in America to join the $1 trillion league, following Apple in August. The company’s total market value passed $1 trillion on Tuesday after its stock reached the $2,050.50, doubling what it was last year.
