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AFC's Inaugural Hybrid Bond Raises US$500 Million
Africa Finance Corporation (AFC), a leading infrastructure solutions provider, has successfully issued a US$500 million perpetual hybrid bond. The landmark transaction, is AFC’s debut hybrid bond issue, demonstrated AFC’s potential in accessing global capital markets and financing transformative infrastructure projects across the African continent. Bond Oversubscribed The Bond, that was priced at a coupon of
Vodacom Group Retains Africa’s Top Employer Title for the Second Consecutive Year
Vodacom Group has once again been recognized as Africa’s leading employer by the prestigious Top Employers Institute. This marks the second consecutive year that Vodacom Group, along with its regional subsidiaries, Vodacom South Africa, Vodacom Mozambique, Vodacom Tanzania, and Safaricom Kenya, has achieved the top spot in this esteemed certification. The Top Employers Institute awards
Kaspersky Joins EU AI Pact to Champion Ethical and Secure AI Practices
Kaspersky has reaffirmed its commitment to responsible technology development by signing the AI Pact, an initiative of the European Commission aimed at preparing organizations for compliance with the EU's AI Act. This landmark legal framework, introduced in 2024 and set to take full effect in 2026, represents the world's first comprehensive legislation governing artificial intelligence.
Breaking News today – Thursday 16 January 2025
Business & Tech News Nigerian Inflation Rate Hits 30 Year High: The latest inflation numbers from Nigeria, indicate that the December inflation rate increased for the fourth consecutive month, rising to 34.80%, up from the 34.60% measured in November. This marks a 30-year inflation high for Nigeria. Festive season spending was the reason given by
AI Radar Report 2024 Findings
The Boston Consulting Group (BCG), today released its second edition of their AI Radar report, which draws on a survey of 1,800 C-level executives from 21 markets globally. The findings show that despite all the hype over artificial intelligence, only one in four companies have been successful in delivering real value I their AI investments. And
Breaking News today – Wednesday 15 January 2025
Business & Tech News Meta Moves to Reduce Poor Performing Staff: Meta, the social media corporation that owns Facebook and Instagram, has indicated that it intends to shed around 5% of its global workforce, as the company looks to remove "low performers faster". A memo to staff, issued by CEO, Mark Zuckerberg stated that he
The Growing Importance of Real-Time Financial Insights for Businesses
In today’s fast-paced business landscape, access to real-time financial insights has become essential for both large corporations and small enterprises. Enhanced decision-making, improved cash flow management, and increased financial accuracy are just a few benefits brought about by advancements in accounting software technology. According to Gartner, a leading technology research and consulting firm, the global
Nutanix Launches Multicloud Experts Community in EMEA
Nutanix, a global leader in hybrid multicloud computing, has unveiled its Multicloud Experts (MC Experts) community in the EMEA region. This forward-thinking initiative is designed to create a collaborative platform where cloud specialists can share knowledge, pool resources, and provide mutual support, empowering businesses to navigate the complexities of the multicloud environment effectively. Addressing the
The Capital Hotels Redefining Luxury Living on Umhlanga’s Prestigious Coastline
The Capital Hotels, Apartments, and Resorts is once again transforming Umhlanga’s iconic coastline with the launch of Pearls Shore, the highly anticipated seventh phase of the acclaimed Pearls development. Nestled along KwaZulu-Natal’s most prestigious beachfront, The Pearls has long been synonymous with luxury living. With Pearls Shore set to be completed between March and May
Republic of Congo – New Venture to Secure Oil
The Republic of Congo is in the process of revitalizing its oil and gas industry. The country aims to double its oil production to 500,000 barrels per day (bpd) by 2027 and to monetizing its natural gas resources. The central African State is attracting international expertise to achieve these ambitious goals, Yachtze Luchin, President and
Real AI Developments Improving Business and Services in Africa
While there is much fanfare about Artificial Intelligence (AI) adoption in Africa, AI has been rapidly transforming specific sectors across Africa by providing innovative solutions tailored to local challenges. Here are some notable developments: Agriculture: AI is creating a mini revolution in farming practices in Africa. In Kenya, SunCulture leverages AI for precision agriculture, offering
MG Back in the Good Old RS-of-A Again
After an absence of close to a decade, the iconic British Motor brand MG is back in South Africa with a few surprises. They are opening 25 branches across the country and will be looking to introduce some of its latest models into the local motoring landscape. MG had been through a torrid time and
Breaking News today – Tuesday 14 January 2025
Business & Tech News Mali Seizes Barrick Gold: Mali's military Junta government, has begun seizing gold stocks held by the Canadian mining company Barrick. There has been an ongoing dispute regarding revenue that the Mali government claims it is owed by the mining group. A letter from CEO Mark Bristow to the Malian Mining Minister,
Competition Commission Report – Fresh Produce Market Enquiry Concludes
The official enquiry by the competition Commission (CC) of South Africa (SA), has today (13 Dec), released its findings into the fresh produce markets. The enquiry began in March 2023, and has taken 22 months to complete. The the main objective of investigating any competition concerns or market distortions that may exist in the market
New Year, Same Goals? Why 90% of Resolutions Fail
The history of new-year resolutions, dates to around 4000 years ago, to the ancient Babylonian empire. For them, however, the year started in mid-March, when crops for the season were planted. During Akitu, a 12-day religious festival, Babylonians made promises to their gods in return for good favor in the new year. Likewise today the
Breaking News today – Monday 13 January 2025
Business & Tech News OIL Breaks Above $81 Price level: Oil prices hit prices last seen in Q3 of 2024 and extended gains for a third session this morning, that saw Brent Crude breaking above $81 a barrel to its highest level in more than four months, On Friday, the U.S. imposed some of the
Emirates set to become the world’s first Autism Certified Airline
Emirates Airline has officially become the world’s first Autism Certified Airline™, and is inviting customers with autism and sensory sensitivities to experience Emirates’ personalised hospitality developed around people with impairments. The inaugural designation is set to be formally awarded by the International Board of Credentialing and Continuing Education Standards (IBCCES) in the coming months, when
Namibian Oil Exploration – Down but not Out
The recent announcement from Shell Oil that it will not be seeking to commercially develop the oil field at the Graff 1X well as well as the 8 additional wells it drilled of the coast of Namibia, has been a blow to the aspirations of the country to become an oil producing nation. The country
Breaking News today – Friday 10 January 2025
Business & Tech News Unruly Passenger Court Case Grounds Airlink Planes: Regional Airline, Airlink, has announced the resumption of scheduled flights to and from Nampula, Mozambique, starting Yesterday (9 Jan). The airline’s decision follows guidance and reassurances from South African and Mozambican authorities, confirming that the threat to the airline had been sufficiently resolved to
Honda AFEELA – the Next Generation of EV’s
Sony and Honda has just revealed its brand new EV concept vehicle, developed as a partnership called Sony Honda Mobility. The new AFEELA, is a new generation of vehicle mobility that is packed with tech and AI based intelligence. It's a whole new concept built around personal preferences, that learns your habits, and evolves alongside