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Breaking News today – Wednesday 9 October 2024
Business & Tech News Cholera Vaccine Plant Development: Zambia signed a Memorandum of Understanding with China to develop the country’s first cholera vaccine manufacturing facility. The project, will be targeting an improved healthcare ability to fight against cholera, a disease that has severely impacted public health and productivity. Zambia experienced a large cholera outbreak earlier
VESSL AI Secures $12 Million Series A to Expand MLOps Platform Optimizing GPU Costs
As artificial intelligence becomes more deeply embedded in business operations, the demand for tools that simplify the creation, testing, and deployment of machine learning models is growing rapidly. This burgeoning category, known as machine learning operations (MLOps), is already competitive, with companies like InfuseAI, Comet, and Arize in the mix alongside tech giants such as
Old Mutual Launches Mobile Virtual Network Operator Ahead of 2025 Bank Launch
Old Mutual has introduced its Mobile Virtual Network Operator (MVNO) service, Old Mutual Connect, as part of its preparation for the launch of its bank in early 2025. This move positions the insurance giant to offer competitive mobile services tailored to the needs of a fast-paced, connected world. Targeting the lower-income segment, Old Mutual Connect
BII and FMO Join Forces to Expand CASA Technical Assistance Facility
British International Investment (BII) and Dutch development bank FMO are joining forces to support the expansion of the Commercial Agriculture for Smallholders and Agribusiness (CASA) technical assistance facility, which is funded by the UK International Development program. Each organization will contribute $3 million over the 2024-2026 period, alongside the UK Government, with the goal of
Happy Pay Partners with Edgars to Launch Buy-Now-Pay-Later Service
South African fintech company Happy Pay has teamed up with Edgars to introduce its buy-now-pay-later (BNPL) service to customers shopping online with the popular retailer. For over 80 years, Edgars has been a staple in South African homes, offering a diverse selection of fashion, beauty, and homeware products. With a reputation for delivering both quality
Google Opens Applications for Funding Program Focusing on Black Founders in South Africa
Google today announced that applications for the Google for Startups Accelerator Africa: Black Founders program are open to Black-owned startups in South Africa. The fund is a reflection of Google's commitment to supporting startups in South Africa, recognising the important role that entrepreneurial activity plays in economic and social development in the region. Startups operating
The Power of Partnerships in Impact Sourcing
Africa has many challenges facing it on the road to building sustainable, thriving, digital economies across the continent. The unfortunate reality is that although there is admirable work being done by many African governments to drive economic growth and employment, the need is great, and scope of the task is enormous. This is according to
Bridging the gap between cash and digital payments in South Africa
Flash Group and Ecentric partnership – Aims to boost financial inclusion in South Africa Ecentric, is an advanced payment services provider, that is linked to over 90 000 tills in Southern Africa and processes on-day reconciled payments back to all vendors. The Fin-Tech company offers the full spectrum of payment channels; Online, In Store, In App
World Robotics Sales Spike
Oct 08, 2024 — The newly released World robotics 2024 Service Robots report has just been released and indicates that there has been a remarkable 30% growth in sales of professional service robots worldwide. More than 205,000 unit sales were registered by the International Federation of Robotics (IFR) statistics department in 2023. Nearly 80% of the
Addressing the high-cost last-mile delivery issue in e-commerce
Last-mile delivery is one of the costliest areas of the supply chain. The combination of multiple delivery routes, packing and packaging, and dispatch waiting times saddles ecommerce businesses with prices that, on average, range from R90 to R900 per package. Particularly for smaller ecommerce businesses, these costs can be devastating. But with South Africa's online
Breaking News today – Tuesday 8 October 2024
Business & Tech News Google to Give Competitors a Gap: in one of several US anti-trust cases brought against the Tech giant, a US judge yesterday, ordered Google to overhaul its mobile app business, to provide Android users more options to download apps and to pay for transactions within them. The case follows a jury verdict finding
Momentum Financial Advisor Value Proposition a Winner
In a rapidly changing financial environment today, it is critical for Financial advisors to ensure that they understand what that future will look like, and how they can ensure that their business remains relevant to their clients going forward. Danie van den Berg Head of Acquisitions provides an interesting perspective on what the current challenges
Russia Prepares for BRICS Summit Amid Growing Interest from New Members
Russian Deputy Foreign Minister Sergei Ryabkov held a briefing on Thursday to discuss the upcoming BRICS summit, which will take place in Russia later this month. Ryabkov announced that 30 delegations have confirmed their participation, with potential new members, including Turkey, whose application to join BRICS was submitted in September, set to be discussed. The
Top-3 SME Cloud Service Offerings
As modern business set-ups are increasingly being built around digitisation of services and around automation, Cloud services have not only replaced physical storage units and storage media for securely storing and sharing company data and files between co-workers, clients, and business partners, it has become an essential tool driving greater efficiencies and better data analysis.
Toyota SA CEO Warns of Deindustrialisation, Calls for Urgent Government Action
Toyota South Africa’s CEO, Andrew Kirby, has raised concerns that the country is on the brink of deindustrialisation and stressed the need for immediate government intervention. Kirby made these remarks during a breakfast seminar hosted by the National Association of Automotive Component and Allied Manufacturers (NAACAM), where the future of South Africa's automotive industry was
Chpter Secures $1.2 Million Pre-Seed Funding to Boost AI-Driven Social Commerce Across Africa
Chpter, a Kenyan tech start-up specializing in AI-powered conversational commerce, has raised US$1.2 million in pre-seed funding to expand its innovative platform and scale its operations across Africa. The platform, which helps businesses enhance their sales through social media channels like WhatsApp and Instagram, aims to revolutionize the way companies engage with customers and drive
Curnance Unleashes the Power of AI with Microsoft Azure to Transform Fintech Experience
Curnance is thrilled to announce the integration of cutting-edge AI technologies, powered by Microsoft Azure, to revolutionize the user experience on its fintech platform. Our commitment to innovation has led to significant advancements in critical areas such as KYC verification, fraud detection, and loan risk assessment, creating unparalleled benefits for our users and driving business
Unlocking an AI-driven, hyperconnected future at SATNAC 2024
The Southern Africa Telecommunication Networks and Applications Conference (SATNAC) returns to the African stage, with a deep dive into the transformative power of AI. Hosted by Telkom, SATNAC 2024 will take place from 6 – 9 October in the heart of the Kruger National Park at the Skukuza Rest Camp. This year's theme, "The AI-Driven Hyperconnected Future:
The pivotal role of network security for SMBs in today's digital landscape
In the modern digital era, network security has become a critical concern for businesses worldwide. With the increasing prevalence and sophistication of cyber threats, organisations must prioritise robust network security measures to protect their valuable data and maintain trust. Network security in South Africa In South Africa, there is a strong recognition of the importance
How engineering is shaping emerging South African residential trends
The 2024 South African Housing Market Report reveals that the country’s residential property market comprised 6.91 million properties, valued at R6.789 trillion, at the end of 2023. As the country evolves in the face of global challenges and technological advancements, the residential property sector is experiencing significant transformations. From sustainability initiatives to smart home technologies,