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CDE Urges President Ramaphosa to Appoint Top Talent in Public Service
The Centre for Development and Enterprise (CDE) has urged President Cyril Ramaphosa to prioritize appointing highly skilled individuals to key public service roles. This call comes as part of the CDE's latest report, "ACTION TWO: Appoint the right people in mission-critical public sector jobs," which emphasizes the need for excellence and integrity in public office
Kenyan President William Ruto announced not to sign into law a finance bill proposing new taxes
Kenyan President William Ruto announced on Wednesday that he will not sign into law a finance bill proposing new taxes, following a tumultuous day in which protestors stormed parliament and several people were killed. This marks the most significant challenge to Kenya’s government in decades. The proposed bill aimed to raise funds to pay off
Amazon Faces New £2.7 Billion Competition Lawsuit in the UK
Amazon is now dealing with another competition lawsuit in the UK, with a claim filed on Thursday seeking over £2.7 billion (around $3.4 billion) in damages. The case was submitted to the UK’s Competition Appeals Tribunal by Andreas Stephan, a professor of competition law at the University of East Anglia and head of its Law
YouTube Introduces Exciting New Features for Premium Users
YouTube is rolling out a series of new features for its Premium users, including smart downloads, picture-in-picture mode for Shorts, and an expanded rollout of its "Jump Ahead" feature for easier navigation through videos. Previously, YouTube allowed background play and picture-in-picture mode for long-form videos, enabling users to watch content while browsing other apps. Now,
Kenya Sees Surge in Mobile Money Subscribers, Reaches 38.7 Million
Kenya's mobile money landscape is experiencing significant growth, according to a recent report by the Communications Authority of Kenya (CA). The number of mobile money subscribers has risen to 38.7 million, reflecting a penetration rate of 75%. This surge is detailed in the third-quarter sector statistics report for the financial year 2023/2024. The report attributes
Africa Poised to Shape the Future of Work with Advancing AI Technologies
Africa finds itself at a crucial juncture to influence the future of work as large language models (LLMs) continue to evolve and the application landscape remains in its early stages. This perspective is highlighted in the “AI and the Future of Work in Africa” whitepaper, produced by Microsoft in collaboration with industry experts from across
LVMH Chairman Bernard Arnault Acquires Stake in Cartier Parent Company Richemont
In a move that has stirred the luxury goods industry, Bernard Arnault, chairman and CEO of LVMH, has taken a personal equity stake in Richemont, the parent company of Cartier. The exact size of Arnault’s shareholding in Cie Financiere Richemont SA remains undisclosed, but sources describe it as “small” and part of a broader investment
Optimising your journey from PR to Lead Generation for maximum impact
While many businesses understand the importance of public relations to ensure their brand is positioned correctly with their target audience, some become impatient and demand leads. This has frustrated many a PR professional since time immemorial, however PR and lead generation need not be mutually exclusive and a good communications agency can take a business
Airbus releases its latest study identifying key unserved routes to boost air travel in Africa
Global aerospace and aviation leader Airbus has released an analysis detailing several key unserved African routes which could provide greater connectivity for travellers, drive economic growth in local economies, and provide a significant boost in revenue for airlines. The company also highlighted data on Africa from its latest Global Market Forecast (GMF). Several of the top unserved routes identified
MSC CRUISES PUBLISHES ITS 2023 SUSTAINABILITY REPORT
MSC Cruises has shared its 2023 Sustainability Report with a performance review of the 12-month period in the areas of environment, social and governance with Business Tech Africa. The report also includes information on the line’s sister company and luxury travel brand, Explora Journeys, which launched EXPLORA I last year, the first of six vessels
Trend Micro Launches World’s First Security Solutions for Consumer AI PCs
Trend Micro Incorporated, the global leader in cybersecurity, today unveiled its first consumer security solutions tailored to safeguard against emerging threats in the era of AI PCs. Trend will bring these advanced capabilities to consumers in late 2024. Carla Rodriguez, VP and GM of Client Software Ecosystem Enabling at Intel: “We are pleased to collaborate with Trend Micro
Kaspersky checked 193 million passwords for resistance to various compromising techniques
In June 2024, Kaspersky experts conducted a large-scale study on the resistance of 193M English passwords, compromised by infostealers and available on the darknet, to brute force and smart guessing attacks. According to the research results, 45% of all analysed passwords (87M) could be guessed by scammers within a minute. Only 23% (44M) of combinations turned
African Biotech Winner – Immobazyme Gains Traction
We spoke to two of the co-founders of a new African Biotech company Immobazyme, who have just been awarded additional funding, bringing their total funding to-date to over $1,3 million. Ethan Hunter, and Nicholas Enslin, co-founders of Immobazyme, mention that the company has seen impressive year-on-year growth, culminating in the opening of their state-of-the-art independent
Petrol Prices promising for South Africans
South African motorists are set to see significant relief at the pump next week, with petrol prices expected to drop by approximately R1 per litre and diesel by between 24 and 30 cents per litre. This prediction comes from the Central Energy Fund (CEF), which monitors global oil prices and exchange rate fluctuations to project
Nigeria's Central Bank Introduces Major Changes to Boost Forex Market
In a significant move to strengthen Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN) has announced that International Money Transfer Operators (IMTOs) will now be permitted to sell foreign currency in the official window. This decision aligns with the recent period of relative stability for the Nigerian naira against major currencies. The CBN’s
Waymo Expands Autonomous Ride-Hailing Service to San Francisco
Waymo’s autonomous ride-hailing service, Waymo One, is now accessible to everyone in San Francisco, nearly four years after its successful launch in Phoenix, Arizona. This expansion marks a significant milestone in Waymo's journey, as driverless vehicles are poised to revolutionize the commercial success of car manufacturers. However, this development occurs amidst regulatory scrutiny and investor
FIC Intensifies Crackdown on Real Estate Money Laundering with Hefty Fines
The Financial Intelligence Centre (FIC) is intensifying its crackdown on money laundering through real estate transactions, imposing fines of up to R900,000. According to Daily Investor, this was reported by Bianca Neethling, Compliance Manager, and Paul Baddrick, Head of Real Estate at BDO South Africa. According to the Global Financial Integrity report, South Africa lost
OpenAI Delays Launch of ChatGPT's Voice Assistant Feature
OpenAI has announced a delay in the release of its highly anticipated voice assistant feature for ChatGPT, aiming to ensure the system can handle requests from millions of users safely and effectively. The AI startup introduced the voice option during a May product launch event for GPT-4o, an enhanced version of its GPT-4 model capable
Nvidia Shares Plunge into Correction Territory
Nvidia shares entered correction territory on Monday, as a continued selloff wiped out a historic amount of value for the AI-focused chipmaker. The stock tumbled 6.7%, marking its third consecutive negative session and its biggest one-day percentage drop since April. Over the past three days, Nvidia's market capitalization shrank by about $430 billion (R7.8 trillion),
China-Backed Pipeline in Niger Faces Threats Amid Internal Security Crisis and Diplomatic Dispute
A pipeline project backed by China, which promises to transform Niger into an oil-exporting nation, is now under threat due to an internal security crisis and a diplomatic dispute with neighbouring Benin. These issues stem from last year's coup that overthrew Niger's democratic government. The 1,930-kilometer (1,200-mile) pipeline, stretching from Niger’s Chinese-built Agadem oil field