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Verdant capital and KfW to help support African MSMEs through a new fund
Verdant Capital Hybrid Fund (VCHF) has reached its first closing with committed capital of USD 36 million. The fund is targeting high developmental impact, including job creation and income generation through SMEs and micro-entrepreneurship. The fund will be investing hybrid capital and subordinated debt instruments into inclusive financial institutions on a pan-African basis. The fund
New Africa payment system to save $5bn in fees, lift trade
Africa’s new cross-border payment system is expected to save the continent billions of dollars in annual transaction costs and bolster shipments in the world’s largest free-trade zone, according to Mahamudu Bawumia, the vice president of Ghana. The so-called Pan-African Payment and Settlement System will facilitate intra-regional trade and payments by enabling the real-time transfer of
Emirates resumes flights from 5 African countries – but flights from South Africa remain suspended
Emirates resumed flights from Guinea, Cote d'Ivoire, Ghana, Uganda, and Angola on Thursday but is still not carrying passengers out of South Africa. The United Arab Emirates' (UAE) flag carrier is slowly reopening to African passengers after halting most of its routes on the continent following the discovery of the Omicron coronavirus variant in late
The Launch of MoroccoTech seeks to establish Morocco as one of the Best Digital hub in Africa
MoroccoTech is officially scheduled to be launched on 14th January 2022. it will be launched by the Minister for Digital Transition and Reform of the administration, Dr. Ghita MEZZOUR (Digital Expert and PhD from the School of Computer Science at Carnegie Mellon University in Pittsburgh, PA). This is expected to be a significant event that
Teen hacker discoveres Tesla remote control security flaws by accident
David Colombo, a 19-year-old cybersecurity researcher in Germany, came upon the biggest discovery of his young career by accident. He was performing a security audit for a French company when he noticed something unusual: a software program on the company’s network that exposed all the data about the chief technology officer’s Tesla Inc. vehicle. The
SA digital marketing company to benefit from Twitter investment
Ad Dynamo, Africa’s largest digital media reseller, has strengthened its partnership with Twitter after the global digital force bought a minority stake in Aleph Group, a US-based digital media company and Ad Dynamo’s parent company. The Cape Town-based digital marketing company that has been Twitter’s sales partner in Africa since 2013 believes Twitter’s new investment
3 smart cities planned for South Africa
In his February 2021 state of the nation address, president Cyril Ramaphosa announced that several new post-apartheid cities are being conceptualised across the country. However, there have been a number of questions raised around what a ‘smart city’ actually means for South Africa. Carshif Talip, expertise leader for Urban Planning and Land Infrastructure at engineering
How a complete AI architecture can transform business
The use of Artificial Intelligence (AI) in modern enterprises now involves much more than gathering data to better program computers for various tasks. It is changing the playing field, making AI a crucial component to help businesses grow and innovate. Incorporating an overarching AI architecture is crucial to take businesses to the next level. Having
Microsoft hires Apple veteran to design its own server chips
Microsoft Corp. lured away a veteran semiconductor designer from Apple Inc. as it looks to expand its own server-chips efforts, according to people with knowledge of the matter. Mike Filippo will work on processors within Microsoft’s Azure group, run by Rani Borkar, said the people, who asked not to be identified because the move hasn’t
Biggest dark web credit card seller shutting down
Another seller of stolen credit cards on the dark web appears to be closing up shop. UniCC has posted on dark web forums in both Russian and English that it is shutting down, according to Elliptic Enterprises Ltd., a blockchain forensics firm. UniCC is the the largest dark web vendor of stolen credit cards, with
The Samsung Galaxy S22 might be more expensive than iPhone 13
Launch prices for the Samsung Galaxy S22 series have surfaced online, and fans should prepare themselves for a shocker if the leaks turn out to be true. The prices were shared by two tech tipsters on Twitter, KFC Simp (@chunvn8888) and TechInsider (@TechInsiderBlog). KFC Simp claimed his information pointed to the base S22 starting at
Alexander Forbes Investments appoints Ann Leepile as their new CEO
Alexander Forbes has appointed Ann Leepile as chief executive officer of the group’s investments division, effective February 1, 2022. The chartered financial analyst charter holder has 20 years of experience in the investment industry and has attended the Executive Women in Leadership Programme of the Stanford Graduate School of Business. “Leepile is ideally placed to
Capitec CFO and co-founder, Andre du Plessis to retire after over 20 years
Capitec has announced that one of its co-founders and chief financial officer, André du Plessis, will retire from the group at the end of June 2022. Du Plessis has been part of Capitec for 22 years, having joined in 2000 as a co-founding member of the bank, with other partners including billionaire Michiel le Roux.
Over R4m granted to informal traders affected by July unrest
The informal economy has received R4.5 million in grant funding from the South African Informal Traders Alliance (Saita) and the Industrial Development Corporation (IDC) to support businesses impacted by the July unrest and looting that occurred in parts of Gauteng and KwaZulu-Natal. According to the two organisations, the grant initiative saw 180 informal traders each
Hawks investigates Bitcoin Brothers
South African police are investigating a number of criminal cases brought by out-of-pocket investors who want two brothers arrested over an allegedly fraudulent cryptocurrency platform. A group of investors are seeking the arrest of Raees and Ameer Cajee, who ran the Africrypt platform, after a number of them were offered some of the lost investment by a
MTN SA appoints new CTIO
MTN South Africa has appointed Michele Gamberini as its new chief technology and information officer, effective 1 February 2022. Gamberini joins MTN from Telecom Italia (TIM Group), where he gained 25 years of experience, most recently in the position of Global Group CTIO. “Having worked in Italy, Spain, Greece and supported Brazilian technological choices, Gamberini
The tech trends of 2022: Innovations that will reshape business in the future
The numbers illustrate this evolution. According to Statista, 97% of respondents to a digital transformation survey stated that the pandemic sped up digital transformation processes in their respective organisations. Global spending on digital transformation is projected to reach $1.78 trillion in 2022. But in what ways will this transformation manifest? The answer lies in technological trends that will shape
2021 Overview: Cyberattacks increased by 50% with Africa as the most targeted region
Last year, the number of cyberattacks recorded was record-breaking, with a 50% increase in overall attacks per week on corporate networks compared to 2020. In fact, in 2021, the world witnessed one of the most serious vulnerabilities on the internet, with millions of attacks per hour attempting to exploit the Log4J vulnerability in what’s been dubbed a
Samsung Galaxy S22 launch date revealed
Samsung will launch the Galaxy S22 series at its Galaxy Unpacked 2022 event, according to a report from Daily. The Korean publication received confirmation that the event would take place on 8 February, and pre-orders for the S22 series will open the next day. “We have confirmed the event to be held on February 8, and we
Apple Watch Series 8 may not have a body temperature sensor after all
If you were hoping for more exciting updates with the Apple Watch Series 8, you might have to start tempering expectations. While it was initially thought that the next-generation watch would have a body temperature sensor, it’s looking like that may not be the case after all. A body temperature sensor for the Series 8