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AEEI gets earnings boost after regaining control over Ayo

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The group’s ICT subsidiary contributed six months of earnings in its half-year to end-February, from only two months previously

African Equity Empowerment Investments , the parent company of Ayo Technology, saw revenue more than double in its six months to end-February, boosted by the effect of earnings from its ICT subsidiary.

The group regained control over Ayo in December 2018, based on an assessment of its ability to direct its activities. Ayo

 

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