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Ayo Technology reaches secret settlement with the PIC

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Company controlled by Independent Media owner Iqbal Survé says talks with the Public Investment Corporation reached an ‘amicable conclusion’

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 , the terms of which are confidential. ..

 

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Is the PIC a private or public institution. More secrets. Why?

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