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Binance Crypto Exchange Peaks
The world’s largest coin trading platform, Binance, hits a new record in user numbers despite ongoing legal battles with regulators in various countries such as Nigeria. The world’s largest crypto currency exchange announced this week that it had breached the 200 million user mark in just seven years of trading after launching in 2017. By
Ai’s growing Impact on productivity Improvements
Are you looking for greater efficiency in your business -how about considering Ai impact? What is your go-to metric for a great Ai innovation? There are a lot of answers to this question, however a key one should be; what is the Time-to-Value that AI products give to you or your business? The greater the
Data Breaches in Africa reaching new levels
Following some of the major data breaches in 2022/2023 ,and others such as the CIPC breach in South Africa in February 2024, Cyber Security continues to be a major issue in Africa with monthly data breaches growing to over 150 a month in South Africa alone in early 2024, up from an average of 56
From Smart Pins to AI Assistants: How Wearables Could Outpace Mobiles in Tech Evolution
Increasingly, Ai is not only impacting areas of business such as software coding and research, but are rapidly being integrated into everyday technology that is likely to result in Ai having a more integrated role in our everyday living. The big question is; Will new Tech developments such as new wearable devices change our devices
Decoding the Dangers: AI's Role in Software Engineering Under Scrutiny
As we venture down a new unknown path in Ai driven software development, there are numerous dangers lurking ahead that businesses need to take urgent cognisance of and as more and more software code is either generated by, or assisted via Ai, there are credible risks that are starting to emerge. Angus Norton, in his tech
Tech Outlook and funding opportunities for African Start-ups in 2024
Market Trends: 2023, saw a dramatic 46% Year-on year decline in overall venture capital (VC) funding, reaching only $3.5 billion. The Fintech sector retaining its top demand for investors. It is also expected that more African start-ups such as Tymebank, will be looking to acquire companies outside the continent or expand their services globally in 2024. While Venture
Former Naspers CEO Bob van Dijk Receives R330 Million and More to Come
Bob van Dijk, the former CEO of Naspers, received a substantial R330 million from the company over the past year, with additional payments expected in the current financial year. Naspers disclosed the remuneration details for Van Dijk covering the period from April 1, 2023, to March 31, 2024, along with his agreed severance package. According
Nigerian Fintech Eyowo Reinstated by Central Bank of Nigeria
Nigerian fintech company Eyowo has achieved a significant milestone with the full reinstatement of its license by the Central Bank of Nigeria (CBN). This development marks a crucial turning point for the company, which has navigated considerable challenges in recent times. Yomi Adedeji, CEO of Eyowo, shared the news on social media platform X, expressing
Kenyan Youth Protests– Don’t mess with our Digital Services!
Wide ranging protests were arranged in Kenya over the weekend, and have continued into the week to protest the recently proposed new Finance Bill 2024, with many calling for the resignation of president Ruto. The bill, that has not yet been signed into law yet, but has been signed off by the Kenyan parliament, will
WhatsApp Rolls Out Major Updates and AI Features in 2024
Meta Platforms-owned WhatsApp has been actively enhancing its platform in 2024 with a series of updates, including a redesigned interface, AI-powered features, and various quality-of-life improvements. Redesigned Interface One of the most significant updates in 2024 is the redesigned user interface. In early May, WhatsApp introduced a refreshed look with a new shade of green
Managing skills relevancy amidst the STEM talent crunch
The labour market continues to evolve as technology solutions such as AI advance at pace. Building and maintaining talent that can remain relevant during this evolution is crucial especially when we consider local youth unemployment rates, and the global STEM talent crunch, this youth development month. In 2018, Korn Ferry predicted a global technology labour skills
The Role of Fintech in Empowering Africa's Underserved Communities
Africa is witnessing a groundbreaking surge in financial technology (Fintech) innovation, rapidly unlocking a continent brimming with economic potential. Despite a largely unbanked population and limited traditional infrastructure, Africa's mobile phone penetration and youthful, tech-savvy demographic have created a fertile ground for Fintech solutions. From fostering financial inclusion through mobile money platforms to revolutionising lending
AWS Announces $230 Million Commitment to Support Global Generative AI Startups
Amazon Web Services (AWS) has unveiled a major $230 million initiative aimed at bolstering startups worldwide in developing generative AI applications. This comprehensive support package will provide early-stage companies with AWS credits, mentorship, and educational resources to enhance their AI and machine learning capabilities. A substantial part of this investment will be directed towards the
Discovery Declines Support for Apple WatchOS 11's Pause Feature in Vitality Active Rewards
Discovery has announced that it will not integrate the new pause feature in Apple’s WatchOS 11 Health app into its Vitality Active Rewards programme. The pause feature, designed to allow users to temporarily halt their activity streaks due to injury or rest days, will not impact how Vitality Active Rewards are measured on the Apple
Competition Commission Approves R1.07 Billion Deal for AWIC to Acquire 20% of Mall of Africa
The Competition Commission has given the green light to a significant transaction involving the Attacq Waterfall Investment Company (AWIC). The deal, valued at R1.07 billion, enables AWIC to acquire an additional 20% stake in the Mall of Africa. The Mall of Africa, which opened on April 28, 2016, is a landmark development in South Africa.
Meta Platforms Discusses Integrating Generative AI with Apple’s New iPhone System
Meta Platforms, the parent company of Facebook, is reportedly in talks to integrate its generative AI model into Apple's newly announced AI system for iPhones, according to the Wall Street Journal on Sunday. This development comes as Apple seeks to incorporate technology from various AI companies into its devices, including a potential collaboration with long-time
Johannesburg Appeals High Court Order to Settle R1.1 Billion Debt to Eskom
The City of Johannesburg (CoJ) and City Power have announced their decision to appeal a High Court order requiring them to settle a R1.1 billion debt to Eskom. This appeal follows a ruling on Thursday, 20 June 2024, by the Johannesburg High Court mandating the payment for various unpaid electricity bills. In their statement on
Africa Data Centres Secures R2-Billion Funding to Expand Capacity in South Africa
Africa Data Centres, a subsidiary of Cassava Technologies, has successfully secured R2-billion in funding arranged by Rand Merchant Bank (RMB). This significant financial boost aims to expand the data centre operator's capacity, addressing the surging demand for cloud computing services in South Africa, according to a company statement. RMB facilitated a bespoke financing solution tailored
Niger's Military Government Revokes French Uranium Mining License
The military government of Niger has revoked the operating license of Orano, a French nuclear fuel producer, at one of the world's largest uranium mines. This development, announced by Orano on Thursday, underscores the growing tensions between Niger's ruling junta and France, the former colonial power. The junta, which seized power in a coup in
HONOR 200 Lite 5G: AI-Empowered Portrait Photography Unearthed
When searching for a new smartphone, it's often a challenge to find one that excels in both camera quality and user experience. However, with the soon to be launched HONOR 200 Lite 5G, it seems HONOR has discovered a rare gem that seamlessly combines top-notch camera features with an intuitive interface. This device offers the