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Jumia Gambles on Nigeria Amid Economic Hurdles, Striving for Profitability
Amidst Nigeria's economic challenges, African e-commerce giant Jumia is committed to its expansion and profitability goals within the country. Francis Dufay, CEO of the Nasdaq-listed company, has revealed plans to optimize operations by consolidating Jumia’s three existing warehouses into a single, expansive 30,000-square-meter facility in Lagos. This strategic move aims to cut costs while enhancing
MTN celebrates 30 years and looks towards 2054
Three decades ago, South Africa was at a critical juncture. While grappling with the remnants of the past, it also stood on the edge of democracy and a brighter future. Established in the same year that the country became a democracy, MTN was positioning itself to be a key player in the process of introducing
Cathay marks a year of solid progress in its pursuit of sustainability leadership
As Cathay continues to take important strides towards establishing itself as a sustainability leader, it is pleased to announce the release of its 2023 Sustainability Report, which underscores its ongoing commitments and progress in achieving its sustainability goals together with its customers, business partners, regulators and people. Chief Executive Officer Ronald Lam said: “Sustainability is
TBD Expands in Africa, Adding Chipper Cash to Growing tbDEX Ecosystem
TBD part of Block, which is focused on creating open and decentralized technologies to connect the financial world, today announces that leading African fintech Chipper Cash has integrated with the tbDEX protocol to power cross border payments and decentralized identity use cases for individuals and businesses on the African continent. “Across Africa, the challenges of currency
Lenovo Advances Hybrid AI Innovation
Lenovo announced a comprehensive new suite of purpose-built AI-centric infrastructure systems and solutions to advance Hybrid AI innovation from edge to cloud. Lenovo is delivering GPU-rich and thermal efficient solutions intended for compute intensive workloads across multiple environments and industries. In industries such as financial services and healthcare, customers are managing massive data sets that
QFZ and FedEx Logistics Sign MoU to Establish a Regional Logistics Facility in Qatar
Qatar Free Zones Authority (QFZ) and FedEx Logistics, a subsidiary of FedEx Corporation (NYSE: FDX), signed a Memorandum of Understanding (MoU) to facilitate the establishment of a regional logistics facility in Qatar’s free zones. The facility, which will operate under the company’s FedEx Trade Networks Transport & Brokerage division, will be located at Ras Bufontas
Westcon-Comstor Promotes Rakesh Parbhoo to Executive Vice President for MEA Region
Westcon-Comstor, a global technology provider and specialist distributor, has announced the promotion of Rakesh Parbhoo to the newly created position of Executive Vice President (EVP) for its Middle East and Africa (MEA) business. Westcon-Comstor is renowned for connecting the world's leading IT vendors with a network of technology resellers, systems integrators, and service providers. In
Crypto sector is focused on getting SA off the greylist
South Africa is making progress in addressing the factors that contributed to the country being placed on the Financial Action Task Force (FATF) greylist in 2023. Crypto industry leaders are playing their part in efforts to have the country removed from the list. This is according to Luno, a licensed financial service provider and South Africa’s
Veeam Announces Support for Proxmox VE at VeeamON 2024
Veeam® Software, the leading company in Data Protection and Ransomware Recovery, has announced the upcoming support for Proxmox VE, a popular request from its small and medium-sized business (SMB) customers and service providers. This new data protection capability will be showcased live for the first time during VeeamON 2024, which will take place from June
Capital Connect Study Reveals Opportunities for Retail Growth in South African Winter
Conventional wisdom suggests that winter is typically a slow period for retail trading in South Africa. However, a comprehensive big data analysis commissioned by Capital Connect, a fintech providing rapid and flexible business funding to South African retailers, reveals a different trend: retail sales often increase during the winter months following a quiet autumn. The
HONOR Announces Android 15 Beta 1 Availability for Developers
Global technology brand HONOR has announced that Android 15 Beta 1 is now available for its developers as of May 10th. The HONOR Magic6 Pro and HONOR Magic V2 are the first devices to receive this update. This program grants HONOR developers early access to the latest Android updates, enabling them to test new features
South African Agricultural Machinery Sales Decline Amid Economic Challenges
The latest data from the South African Agriculture Machinery Association (SAAMA) indicates a significant drop in agricultural machinery sales, reflecting the broader economic difficulties and challenging operating conditions. This downturn marks a correction in the market following a period of impressive growth in the three years preceding 2023, driven by favourable harvests and strong commodity
FNB Enhances ATM Network Resilience with UPS Installations
Since announcing its initiative to bolster the resilience of its ATM network, FNB has successfully installed Uninterruptible Power Supply (UPS) systems at 900 of its planned 1,000 standalone ATMs. This effort, which commenced in November 2023, aims to ensure uninterrupted service for customers during power outages. The bank anticipates completing the remaining 100 installations by
Telkom and Lightbulb Edtech Collaborate to Launch Innovative Online Learning Portal
Telkom Foundation, in partnership with Lightbulb Edtech, is set to transform the educational landscape in KwaZulu Natal with the launch of an advanced online learning portal, Lightbulb, tailored specifically for high school learners. The launch event is scheduled to take place on the 15th of May 2024 in e Mondlo – Vryheid, featuring participation from 11
Moniepoint Inc. Recognized as Africa’s Fastest-Growing Financial Institution
Moniepoint Inc., the parent company of Nigeria’s leading financial institutions Moniepoint MFB and TeamApt Ltd, has been acclaimed as Africa’s fastest-growing financial institution by the Financial Times, a globally respected business news organization. This recognition was part of the Financial Times' annual “Africa’s Fastest Growing Companies” survey, marking Moniepoint's second consecutive year achieving this prestigious
Understanding the Crucial Differences Between Saving and Investing
In the financial world, the concepts of saving and investing are often used interchangeably, yet they represent distinct strategies with unique purposes. Each plays a critical role in a comprehensive financial plan, and discerning individuals recognize their importance in achieving financial well-being. This is according to Chrisley Botha from PSG Wealth. Before exploring their differences,
Sungrow Strengthens Presence in South Africa with New Distribution Partnerships
Sungrow, a global leader in PV inverter and energy storage systems, has reinforced its commitment to South Africa's renewable energy sector through two significant agreements. The company has recently signed partnerships with prominent South African distributors Herholdt’s and ARB. The signing ceremony marked the beginning of an official distribution agreement, under which Sungrow will provide
#ForeverWena Launches Innovative WhatsApp Chatbot to Combat HIV/AIDS
In the ongoing fight against HIV/AIDS, technological innovation is proving to be a powerful ally. #ForeverWena proudly announces the launch of its ground-breaking WhatsApp chatbot, designed to revolutionize awareness and education efforts, particularly among youth demographics. Leveraging the widespread use and accessibility of messaging platforms, #ForeverWena's WhatsApp chatbot pioneers a new approach to disseminating vital
Digital Solutions Group Announces Strategic Partnership with Securonix
Leading South African technology service provider, Digital Solutions Group (DSG), has announced a strategic partnership with US-based cybersecurity leader Securonix, Inc. Through this partnership, DSG's Digital Resilience division will provide system integration and support services to Securonix, offering customers enhanced cybersecurity expertise and integrated solutions. This collaboration promises a seamless implementation process and comprehensive support
Navigating the Path to Homeownership: A Strategic Investment
For many, purchasing a home represents the largest and most emotionally significant investment they will ever make, symbolizing stability, security, and achievement. Beyond serving as a place to live, property can also be a powerful investment vehicle, capable of generating wealth, providing liquidity, enhancing cash flow, and diversifying one's portfolio. "Whether you're a young professional