Ayo Technology reaches secret settlement with the PIC
Company controlled by Independent Media owner Iqbal Survé says talks with the Public Investment Corporation reached an ‘amicable conclusion’
26 March 2023 - 19:01
Software and technology group Ayo Technology Solutions has reached a settlement with government’s investment arm that could it see it reduce its investment in the controversial company.
In a thinly worded statement at the weekend, Ayo — which is indirectly controlled by Independent Media owner Iqbal Survé — said it had entered into a settlement agreement with the Public Investment Corporation (PIC), the terms of which are confidential. ..
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