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OASIS 1: Mookodi BESS Project reaches Commercial Close
In less than a year after being awarded under the DMRE’s Energy Storage Independent Power Producers Procurement Programme (ESIPPPP), the Oasis 1: Mookodi battery energy storage systems (BESS) project reached commercial close on 16 October 2024, with the signing of project documents in Cape Town, in the presence of the Minister of Electricity and Energy
Breaking News today – Friday 18 October 2024
Business & Tech News Gaza War Impacts Egyptian Economy: According to a United Nations report, it estimates that the total economic impact of the Gaza war on the Egyptian economy, will reach between $5.6 billion and $19.8 billion over the current and next fiscal years (2024-2025). This represents a loss of between 1.6% and 5.2%
Is cash dead? If your answer is yes you’re missing the point… and millions of customers
Is cash truly dead? With the rapid rise of fintech innovations and digital payment solutions, one might think so. Yet, despite the digital revolution sweeping across African societies, cash remains very much alive—and for millions, it is still the preferred way to transact. With the massive influx of fintech companies, bringing innovation after innovation across
Massive Decline in SA Wholesale Retail and Automotive Sales
According to the latest Stats SA economic sector figures released today (17 Oct), the Wholesale Retail and Motor trade sales indicators for August in South Africa, paints a miserable picture of what is happening in the South African economy currently. Wholesale Sales Collapse in August Measured in real terms using constant 2019 bench-mark prices, wholesale
CITY OF JOHANNESBURG LAUNCHES THE INNOVATION CHALLENGE AND AWARDS 2024
R1,1 Million ($62 000) will be available to the winners of the 2024 Innovation Challenge developed under the City of Johannesburg’s (COJ) Smart City Strategy or SCIIP. The challenge is directed at improving and modernising service delivery methods that encourages both employees and COJ citizens to innovate concepts that will accelerate service delivery. The initiative hopes
Breaking News today – Thursday 17 October 2024
Business & Tech News IMF Assessing Audit in Senegal: According to a statement by the International Monetary Fund IMF on Wednesday, the international organisation had deployed a team in Senegal to start assessing the implications of data revisions resulting from a government audit of the previous and current IMF-supported programs. An audit of Senegal's finances that was
Risk mitigation and protection: cyber-resilience and cyber-insurance
Unprecedented Increase in Cyber Attacks Cyber-attacks have seen unprecedented growth with attack increasing world-wide, with a 30% increase in weekly attacks on corporate networks in in Q2 2024 compared to Q2 2023, and a 25% rise compared to Q1 2024 . With an average of 1,636 attacks per organization per week, according to a recent
Tanzanian Fintech Nala Raises $40 Million to Build Payment Infrastructure Across Africa
Tanzanian fintech company Nala has secured $40 million in Series A funding, which it plans to use for global expansion and to strengthen its payment systems across Africa. Based in Kenya, Nala facilitates money transfers from the UK, US, and EU to several African countries, including Kenya, Uganda, Tanzania, Rwanda, and Ghana. This latest investment
Starlink Rises to Become Kenya’s 10th-Largest Internet Provider Within a Year
One year after launching in Kenya, Starlink has rapidly risen to become the country’s tenth-largest internet service provider (ISP), attracting more than 8,000 subscribers, according to the latest report from the Communications Authority of Kenya (CA). "Starlink Internet Services Kenya, licensed earlier in the financial year to provide satellite internet services, held a market share
Red Hat Accelerates Generative AI Innovation With Lenovo
RHEL AI is to be the default AI platform for Lenovo ThinkSystem SR675 V3 servers, that will assist developers in creating AI model development and deployments. In a computing collaboration development, Red Hat, the world’s leading provider of enterprise open source software solutions, and Kubernetes technologies, today announced a partnership collaboration with Lenovo to deliver
The Heart of AI: Why Human Insight Matters
Generative Artificial Intelligence is making advanced technology accessible to everyone. It’s no longer just a tool for software engineers and data scientists; it’s for anyone who wants to enhance their capabilities, whether in marketing, finance, or client facing roles. As it continues to evolve, the technology is becoming an integral part of our daily lives,
African Chrome Fields sets sights on global chrome dominance
African Chrome Fields (ACF), a leading chrome mining company in Zimbabwe, has announced ambitious expansion plans as it seeks to gain up to 25% of global market share for high-grade chrome concentrate by the end of 2026. “Our goal is to position ACF as a major player in the global chrome industry, while setting Zimbabwe apart
New FedEx Import Tool to Enhance Efficiency of Import Process for South Africa Businesses
Federal Express Corporation, one of the world's largest express transportation companies, has launched the FedEx Import Tool (FiT), a cutting-edge solution designed to address the increasing complexities and volumes of imports in South Africa. This timely launch is noteworthy as South Africa is positioned to take on larger market shares and handle more imports compared
EasyPay Everywhere Tech Skills bursaries are an investment in SA’s future Tech leaders
EasyPay Everywhere has launched a new Tech Skills Bursary to help their customer’s families – young people with an interest in Tech/STEM to complete their studies in technology related fields. This programme is exclusive to the children or dependents of active EasyPay Everywhere customers. Bursaries are available to students currently studying in fields related to Computer Science,
Breaking News today – Wednesday 16 October 2024
Business & Tech News Oil Site Auction in DRC Cancelled: In what has been a somewhat controversial process, the much delayed Auction of 27 oil exploration sites, with an estimated 22 million barrels of oil, in the Democratic Republic of Congo (DRC) has been cancelled. The Government’s Oil ministry, the agency responsible for oil licences,
Seasonal Preparation: Getting Your Air Conditioner Ready For Summer
With the arrival of warmer weather, preparing your home for the summer heat becomes a top priority. TCL, a global leader in consumer electronics and air conditioning technology, is here to assist with expert tips on how to get your air conditioner ready for the season. TCL’s advanced air conditioning units are designed to provide
1.5 million South Africans turn to buy-now-pay-later app to shop
The leading buy-now pay-later (BNPL) provider PayJustNow has just recorded 1 million downloads of its Android app, with roughly 1.5 million of their 2-million strong customer base already registered across all major app stores. The app is meeting an increased demand for convenience and better access to the provider’s retail base of over 2700 merchants
Bolt Hosts Financial Wellness Workshop for Drivers with Liberty
Bolt, the leading mobility company, recently hosted its first financial wellness workshop in Johannesburg with Liberty, a leading financial services company. The workshop aimed to enhance the financial well-being of Bolt drivers by equipping them with the knowledge and tools needed to manage their finances effectively and plan for a secure future. This initiative marks the
HONOR Introduces Circle to Search with Google on the HONOR Magic V3 and HONOR 200 Series
Global technology brand HONOR has officially announced the availability of Circle to Search with Google on the flagship HONOR Magic V3, the world’s slimmest inward foldable smartphone, as well as on the HONOR 200 Series, delivering superior performance and an unrivalled studio-level portrait photography experience. The new enhancement ensures everyone can benefit from the latest AI
Navigating a connected, AI-driven future at SATNAC 2024
The 2024 Southern Africa Telecommunication Networks and Applications Conference (SATNAC) concluded its 26th edition with a resounding call to harness AI to drive positive change across the continent. Held under the theme "The AI-driven hyperconnected future: Co-creating shared value," the conference brought together leading experts, industry stakeholders, and policymakers to navigate the transformative potential of AI