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IRISH TECH CHALLENGE FINALISTS ANNOUNCED
Spearheaded by the Embassy of Ireland in South Africa, the Tshimologong Digital Innovation Precinct and Technology Innovation Agency, the Irish Tech Challenge programme aims to fuse Irish technology expertise with the innovation of South African tech entrepreneurs. The Irish Tech Challenge is rooted in promoting innovation, fostering technology development, and ensuring effective technology deployment within
African VC Investment Tops $500 Million in July
After a low Venture Capital (VC) funding year so far compared to 2023, July saw twenty-eight venture capital (VC) deals across Africa with a value of over $500 Million, and with four major funding deals taking the bulk of the value in funding raised. Fintech was the main investment category, once again emphasizing the value
Breaking News Today – 6 August 2024
Mali Announces Diplomatic Severance with Ukraine: Following the Kurian’s support and alleged complicity, shown for a recent terrorist attack by Tuareg militants that killed Malian soldiers and Russian military contractors. Mali’s interim government has announced that it is breaking off diplomatic relations with Ukraine. RT Launches Campaign in Africa: RT (formerly Russia Today) TV company
All-in on Chips
Groq, a start-up chip developer that is developing chips specifically for the generative AI hardware industry, are aiming to challenge existing chip producers such as Nvidia, with a new generation of chips and processors that will be faster than current conventional processors. The company announced a successful $640 million funding raise on Monday bringing Groq’s
Breaking News Today – 5 August 2024
Nigeria Protests Continue – Protesters arrested: Reports from Amnesty International (AI), over the weekend, indicated that nine people had been killed and around 50 protesters were arrested on Saturday during the protests in Abuja in Nigeria. In total AI reports that almost 700 protesters have been arrested across the country so far, while nine police
Thebe Investment Corporation Acquires Majority Stake in Pride Milling
In a significant development for South Africa’s food processing sector, Thebe Investment Corporation (Thebe), a prominent black-owned investment management company, has secured bespoke funding from Hybrid Capital, a division of Old Mutual Alternative Investments (OM Alternatives). This funding will enable Thebe to acquire an additional 40% stake in Pride Milling, one of South Africa's leading
The Impact of AI-Enabled PCs in the Modern Workforce
AI's integration into the workforce and consumer technology is indeed transformative. The advancements brought by AI-enabled PCs, such as Lenovo's latest offerings, are prime examples of how AI is reshaping the landscape. The Lenovo Yoga Slim 7x and Lenovo ThinkPad T14s Gen 6, powered by Snapdragon X Elite, are remarkable milestones in the PC industry's evolution
Airbus and partners invest in Sustainable Aviation Fuel financing fund
Airbus, the Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and Qantas Airways Limited co-invested in a Sustainable Aviation Fuel (SAF) financing fund to accelerate the production of SAF. The corporate partners worked with investment manager Burnham Sterling Asset Management to establish the Sustainable Aviation Fuel Financing Alliance
Embracing Digital Transformation: The Key to Future-Proofing South African Businesses
Business transformation in South Africa is primarily defined by the transition from analogue to digital, from manual to automated, from traditional ways of working to those compatible with 4IR technologies and implementations. Transformation projects have accelerated over the last few years, and local organisations now recognise the need for agile and scalable IT infrastructure. Effective
The Fight Against Illegal Money Flows
The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. It sets international standards with the aim of preventing these illegal activities and the subsequent harm they cause to society The Dreaded “Grey List” Countries that are under increased monitoring by the FATF are actively working with the organization to
Uber Clarifies Vehicle Age Policy for ZA Drivers
Recent media coverage regarding a three-year vehicle age policy for drivers on Uber in South Africa has caused some confusion due to its inaccuracy. Uber would like to take this opportunity to clarify the policy that came into effect in 2022. While some have understood the policy to mean that all drivers on the platform
bpSA redefines convenience to meet customer needs with new retail initiatives
bp Southern Africa (bpSA) has announced three initiatives in response to market demands – a revamped store design and offer, an inhouse loyalty programme as well as a low carbon battery rental service. “Our investment in new convenience offerings, in the year bpSA celebrates 100 years of doing business in South Africa, is testament to our
Telkom Foundation brings the Lightbulb Edtech platform to support Grade 12 learners
Telkom Foundation is proud to announce an empowering initiative aimed at providing support for Grade 12 mathematics learners in Ga-Maake Village. The event, which took place at the Community Hall on 26 July 2024, is set to benefit as many as 180 mathematics students from seven surrounding schools. “This initiative, led by the Telkom Foundation
FedEx delivers on skill development to help bridge Africa’s gender gap
When FedEx joined hands with She Code Africa (SCA), the two organizations shared a vision to empower and uplift women in the male-dominated science, technology engineering and mathematics (STEM) fields of practice. Together the organizations developed the SCA Academy Program to offer more than just theoretical knowledge. The boot-camp program was presented in a hybrid
Netflix Reinforces Commitment to Family-Friendly Content and Safety Measures
At a recent 'Netflix for Families' event, Netflix reaffirmed its dedication to providing advanced features and diverse content designed to create a delightful and secure viewing experience for families. The event was attended by local child experts, policymakers, parenting bloggers, NGOs, government stakeholders, and representatives of civil society. Recognizing the diverse needs of families, Netflix
New research suggests Africa’s Green Economy could create more than 3 million direct jobs by 2030
Shortlist and FSD Africa, with analysis from the Boston Consulting Group, today published "Forecasting Green Jobs in Africa," a first of its kind report that forecasts the new direct job creation potential of 12 “green” sub-sectors by 2030. The report predicts the creation of up to 3.3 million new direct green jobs across the continent
TCL offering the Best TV viewing distance
Have you ever felt stress in your eyes after hours of watching TV and tried to find the cause? If yes, the answer is simple: you’re not watching TV at the best TV viewing distance. Every 1 in 5 people suffers from weak eyesight and watching television the wrong way has a significant part to
Discovery Drops Pick n Pay For Checkers
In a surprise move, that is bound to have an impact on retail group Pick n Pay, Discovery Vitality, the benefits club of the Discovery Group announced yesterday, that it would be dropping the food retailer as one of their Healthy-Food partners and will be replacing them with Checkers and Checkers Sixty60. Pick n Pay
Breaking News Today – 2nd August 2024
Nigeria Protests Erupt: People poured onto the streets across Nigeria on Thursday protesting the most severe cost-of-living crisis and widespread corruption in Nigeria. Nigerian Police and Security forces reportedly fired tear gas and live bullets to disperse protesters that gathered a few kilometres from the Presidential Villa as well as in Kano, Bauchi and Borno
How digital twin technology can be used in smart manufacturing
The manufacturing industry is constantly evolving, driven by rapid technological advancements, shifting market demands, and global trends. While much of the spotlight is on artificial intelligence (AI), other innovative technologies like digital twins are playing a crucial role in revolutionising the manufacturing sector. Digital twin technology, which creates virtual replicas of physical systems, enables manufacturers