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Access Bank Plc to Acquire National Bank of Kenya in Strategic Move
Access Bank Plc, a prominent Nigerian financial institution, has unveiled plans to acquire the National Bank of Kenya (NBK) from the KCB Group Plc, marking a significant move in its expansion strategy. The announcement, made via the bank's official Twitter handle, disclosed that the agreement is binding and is subject to regulatory approvals from the
Telkom Agrees to Sell Swiftnet in Multi-Billion Rand Deal
Telkom has struck a deal with a consortium comprising Actis and Royal Bafokeng Holdings to offload Swiftnet, its towers and masts business, in a significant debt and equity transaction valuing Swiftnet at R6.75 billion. If finalized, Telkom will follow in the footsteps of competitors MTN South Africa and Cell C by divesting tower infrastructure to
Moove Relocates Headquarters to UAE Following Partnership with Mubadala
In a strategic move prompted by its collaboration with Mubadala, Moove has shifted its headquarters to the UAE, marking a significant milestone for the mobility company. Uber's investment in Moove, its inaugural African-founded startup, underscores its commitment to cultivating a reliable pool of drivers for its ride-hailing platform. This development not only validates Moove's business
Ghana Contemplates Granting Starlink Operational License Amid Internet Woes
The government of Ghana is exploring the possibility of granting SpaceX's Starlink an operational license to provide internet connectivity to its populace. Minister of Communications, Ursula Owusu Ekuful, disclosed this during a recent parliamentary meeting concerning the prevailing internet disruptions in the country. According to a report by Modern Ghana, Minister Ekuful elucidated that while
Quantum Computing Set to Reshape Cybersecurity: Perspectives from Africa
The impending advent of quantum computing is poised to revolutionize the cybersecurity landscape, prompting the need for proactive measures and heightened awareness of its potential implications. In response to this transformative shift, the World Economic Forum released the Quantum Readiness Toolkit in 2023, shedding light on the rapid advancements in quantum technology and the cybersecurity
First Bank of Nigeria Launches Cutting-Edge Digital Experience Centre in Lagos
First Bank of Nigeria, the country's leading financial institution, has inaugurated its newest Digital Experience Centre in Lagos, situated at the prestigious Banana Island. This state-of-the-art facility empowers customers to conduct all their banking activities digitally, eliminating the need for human intervention. The Banana Island Centre marks the fourth of its kind, following the successful
Linktree Unveils Exciting New Features to Enhance User Experience
The popular link-in-bio startup, Linktree has rolled out a series of new features today aimed at enhancing user interaction and customization options. These updates include a featured layout designed to accentuate specific links, integration for fetching the latest posts from Instagram, and support for a larger profile picture, among others. The standout feature introduced by
Microsoft Hires Inflection AI Founders and Team in Bold Talent Move
In a surprising development, Microsoft has secured the talents of Mustafa Suleyman and Karén Simonyan, along with several of their colleagues, from the renowned AI startup, Inflection AI. This move adds to Microsoft's ongoing efforts, under the leadership of Satya Nadella, to aggressively recruit top-tier talent in the tech industry. Mustafa Suleyman, a co-founder of
India's Electric Two-Wheeler Market Booms with Over 150 Startups
In a testament to India's burgeoning interest in clean energy and sustainable transportation, the electric two-wheeler market has witnessed a remarkable surge, boasting over 150 startups—a significant leap from just 54 in 2021. This revelation comes from a recent analysis highlighting the impact of government incentives aimed at fostering the adoption of eco-friendly vehicles and
The Digital Tightrope Walk for Business and Human Rights
AI offers unprecedented opportunities for growth and innovation but also presents significant challenges and risks, especially concerning human rights and corporate governance. Imagine a future where your access to justice depends on an algorithm, your freedom of expression is filtered through AI, and your personal data becomes a commodity traded without your consent. This is
Veeam Recognizes Top-performing Partners in Africa with 2023 Veeam ProPartner Awards
Veeam® Software, a leading figure in Data Protection and Ransomware Recovery with the highest market share, has announced the recipients of the 2023 Veeam ProPartner Awards in Africa. These annual accolades honor the outstanding accomplishments and steadfast commitment of Veeam Value-Added Resellers (VAR) and Veeam Cloud & Service Provider (VCSP) partners. As a partner-centric organization,
HONOR Leads the Foldable and AI Race with the Launch of Its Magic V2 and Magic6 Pro in SA
HONOR, a leading global provider of smart devices, has announced the official launch of its highly-acclaimed Magic Series – the HONOR Magic V2 and HONOR Magic6 Pro in South Africa. The Magic V2 is the thinnest and lightest inward foldable smartphone to date, redefining industry benchmarks with significant improvements across form factor, battery, display and user
Japanese Pharma EISAI Invests in RecoMed
RecoMed, a digital healthcare marketplace based in South Africa, has secured new funding from the Japanese pharmaceutical company Eisai Co., Ltd. While the exact amount remains undisclosed, it marks RecoMed's largest funding round to date. This investment from the Tokyo Stock Exchange (TSE) giant solidifies RecoMed's position as a key player in the local market.
Bitkey initiates shipment of its inaugural hardware device units, adding more security and recovery functionalities
Bitkey, the self-custody bitcoin wallet developed by the Proto team at Block, Inc., has commenced shipping its inaugural hardware devices to customers' doorsteps this week. This milestone marks the opportunity for individuals to securely and effortlessly own and manage their bitcoin. Following the initiation of pre-orders, the team has diligently worked on enhancing additional security
SAP and NVIDIA to Accelerate Generative AI Adoption Across Enterprise Applications Powering Global Industries
SAP SE (NYSE: SAP) and NVIDIA (NASDAQ: NVDA) have announced an expanded partnership aimed at accelerating enterprise customers' utilization of data and generative AI. This collaboration focuses on integrating scalable, business-specific generative AI capabilities into SAP's cloud solutions and applications, including the Joule® copilot, alongside the SAP generative AI hub. The hub ensures the provision
Sage signs Strategic Collaboration Agreement with AWS for AI-powered solutions for SMBs
Sage, a leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), announced it has signed a strategic collaboration agreement (SCA) with Amazon Web Services (AWS). This agreement will significantly enhance how SMBs optimise their operations with generative artificial intelligence (AI) and tackle environmental responsibilities, with Sage Earth now available in
Safeguarding company devices in the face of cyber threats
In a world that is becoming more interconnected by the day, digital devices have become indispensable for countless businesses. However, within this reliance lies a significant vulnerability to cybercrime: the devices entrusted to employees. Whether it's laptops or smartphones, these tools serve as gateways to valuable company data, presenting enticing targets for cybercriminals. Jimmy Khosa,
The intersection of art and entrepreneurship
Art has long been a field dominated by men. A painting sold by Georgia O’Keefe in 2014 set the record for the most amount paid for a female artist at $45 million, but compared to the Leonardo da Vinci ‘Salvator Mundi’ that sold for $450 million in 2017, it is a drop in the ocean.
Sungrow introduces Advanced Three-Phase Inverter for Tailored Energy Solutions in SA
One of the leading global PV inverter and energy storage system suppliers, Sungrow proudly announces the launch of its latest innovation, the three-phase hybrid inverter, specifically designed to address the unique energy needs of South African consumers. The unveiling event at the esteemed Houghton Hotel, The Venue, showcased this groundbreaking technology, offering customized energy solutions
LinkedIn Ventures into Gaming to Increase User Engagement
The Microsoft-owned social media platform, LinkedIn, is venturing into a new era to increase user engagement: gaming. This unexpected move aims to strengthen the time spent by users on the platform by introducing interactive gaming experiences. According to reports from TechCrunch, LinkedIn is making a new gaming feature using popular puzzle games, like Wordle, to