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Grinta, Egyptian Pharmaceutical Startup, Acquires Auto-Care
The Egyptian fintech-driven B2B digital platform revolutionising the pharmaceutical supply chain, Grinta has managed to extend its reach within the country by acquiring Alexandria-based online pharmacy, Auto-Cure. The company is a regulated marketplace that revitalizes the pharmaceutical supply chain by empowering independent pharmacies. Founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza
Founders Factory lands R2.1-billion to fund start-ups
The pan-African company that is all about investing in transformative early-stage ventures,Founders Factory Africa has managed to secure an additional US$114-million (R2.1-billion) in funding to assist technology start-up founders across Africa. Announced on Monday, the support from the Mastercard Foundation and Johnson & Johnson Impact Ventures comes after previous investments by Standard Bank, Small Foundation
4 ChatGPT Prompts To Help you Unleash Your Entrepreneurial Genius
You are probably a genius that doesn’t act like it most of the time. Ordinary people and ordinary activities will try to knock your genius level down a few pegs, and you’ll follow along without questioning their intention on a daily basis, but a few simple ChatGPT prompts can help you regain your entrepreneurial genius
Why ERP solutions are the building block for South Africa’s manufacturing sector
Enterprise Resource Planning streamlines processes in assembly manufacturing across procurement, work order management and quality control. Despite South Africa’s manufacturing sector coming up against load-shedding and a biting economy, there is still cause for optimism. The country’s manufacturing output rose 2.5% year on year in May while the industry has also been identified as a
Gender equality: Empowering the new trailblazers in cybersecurity
In the rapidly expanding field of cybersecurity, two major challenges loom large: a staggering talent gap and persistent gender inequality. According to the recently released 2022 (ISC)² Cybersecurity Workforce Study, the industry faces an alarming shortage of 3.4 million skilled professionals. To compound matters, women currently represent a mere 24% of the global cybersecurity workforce.
Standard Bank looking to finance R300 billion in renewable projects by year 2026
Standard Bank has revealed that is has plans in place to finance R250 to R300 billion worth of sustainable projects between the year 2021 and 2026, with an initial target of R50 billion already exceeded. Kenny Fihla, the CEO of Standard Bank’s corporate and investment banking division when talking to CNBC Africa said the bank
WINT, the Israeli water intelligence company that uses AI to detect and stop leaks, bags $35M investment
The water management and leak-prevention solution provider for construction, commercial, residential, and industrial applications from Israel, WINT, was able to raise $35 million in a Series C funding round. The investment round was co-led the two investment companies, Inven Capital (that previously invested in Woltair) and global software investor Insight Partners, together with Taronga Ventures,
Bolt Food looking transform into an online marketplace
Bolt Food South Africa has revealed that it has plans in place to introduce Bolt Market on its platform, as the food delivery service looks to transform into an online marketplace. As an online food market, Bolt Market will be offering a selection of products, including fresh produce, pantry staples, household essentials and alcohol. Bolt
Emmerson Mnangagwa, Zimbabwe president launches 600MW coal-fired power plant
The president of Zimbabwe, Emmerson Mnangagwa recently inaugurated a Chinese-funded power station, which he said would go a long way in easing power shortages ahead of national elections. The 80 year old Mnangagwa who is running for a second presidential term on the 23rd of August, has been on a ribbon-cutting spree as he attempts
Tecno reveals new wearables in SA
The Chinese brand, Tecno has revealed its new range of smart accessories and they have landed in South Africa, after the release of its 5G smartphone in July. Tecno is a smartphone brand from China’s Transsion, and it also counts Infinix and Itel among its phone brands. Initially making its South African debut back in
Tesla cuts electric car prices in China
Tesla Inc. is currently working on a new round of price cuts in China, sending auto stocks tumbling on concerns the move will re-spark a bruising price war that had showed signs of abating. According to a post on its Weibo account on Monday, the company took down the price of the top-end Long-Range and
Tobacco sales in Malawi increase by 55% increase this season
The tobacco regulators in Malawi have revealed an increase of 55% in the sale of the product amounting to $282 million compared to $182 million last year. Even though they are experiencing this increase, this year’s sales are still lower compared to previous years when they hit over $350 million. The Southern African country lacked
MTN sells stake of R99-billion fintech business to Mastercard
Africa’s biggest wireless carrier, MTN has revealed that the second-largest payment-processing corporation worldwide, Mastercard has agreed to take a minority stake in its financial-technology business, valued at $5.2 billion (R98.71 billion) by the company. MTN has not yet revealed the actual value of the deal, but in a statement that was released on Monday, the
Sasol expecting 74% earnings drop because of failing SOEs
Sasol has revealed to its shareholders that the expectation on its basic earnings per share is a decrease by between 74% to 84% for its 2023 financial year. Sasol said its year-end financial results for the 30th of June 2023, were impacted by “operational challenges and a volatile global economic landscape”. The landscape that is
BRICS aiming to advance Global South interests, not compete with West
What the BRICS group of emerging market powers is aiming to do, is promote the interests of the developing world and isn’t in competition with any other bloc. At a conference at Bloomberg’s Johannesburg office on Monday, Anil Sooklal who is South Africa’s ambassador to BRICS, “There’s an unfortunate narrative being developed that BRICS is
Keeping the lights on: Is it ethical to pay after a ransomware attack?
Ransomware attacks are on the rise globally, and this is affecting businesses and organisations around the world. The main causes of these attacks are compromised credentials and malicious email, and many victims choose to pay the ransom to recover their data and systems, but this comes at a high price and with ethical dilemmas. Should
Expanding Horizons: A Comprehensive Review of the 2023 Hyundai Grand i10 Launch
Many people think of Hyundai when they think of boldly styled crossovers and SUVs. However, it is important to remember that the brand's beginnings in South Africa were modest, with budget hatchbacks and sedans in the mid-1990s. The latest Grand i10 model honours this legacy by combining Hyundai's long-standing commitment to entry-level vehicles with modern
Absa expecting a higher GDP growth with no more interest rate hikes
Recently, ABSA upwardly revised its near-term GDP growth forecast for South Africa by 0.4 percentage points on the back of healthier-than-expected economic activity in the first half of this year. In its South Africa Q3 2023 Quarterly Perspectives, the bank revealed that it now forecasts real GDP growth of 0.7% in 2023. One of its
MTN exposing MoMo API to developers
MTN South Africa has revealed that it has rolled out a hackathon to challenge “skilled tech developers and innovators” to build solutions on top of its Mobile Money (MoMo) platform. Exposure of the MoMo application programming interface (API) to developers was a teaser for a possible future addition to a revamped MoMo platform by MTN
Google allows apps scan QR codes without developers having full camera access
Google has now featured a new code scanner in its latest APIs, allowing Android smartphones to make scanning QR codes from a distance easier The new feature is not yet available on any devices, however, Google is making APIs featuring the new QR code scanner available to developers. The new scanner is able to automatically