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Zambia trying to close a deal on unresolved debt
Zambia is still wrestling with nearly $7 billion in unresolved debt, despite a previous deal with bilateral lenders that addressed over $6 billion. This remaining amount is owed to bondholders and commercial banks. The country's attempts to secure debt relief faced a setback when an October 2022 deal to restructure approximately $3 billion of debt
MTN's Mobile Money Platform to Integrate Mastercard Services
Mastercard and MTN Group Fintech have entered into a partnership agreement to provide all MTN MoMo (Mobile Money) customers with payment cards. As part of this collaboration, a virtual and physical Mastercard companion card will be integrated into every MoMo wallet, granting users access to over 100 million acceptance locations globally. This initiative follows the
Gates Foundation set to fund African scientists in the malaria and TB fight
African scientists have managed to secure a significant boost in their efforts to combat malaria and tuberculosis, with a $7.2-million grant from medical research charity LifeArc and the Bill & Melinda Gates Foundation. More than half of this funding is set to be allocated to discovering new treatments for these infectious diseases, according to statements
The Kenyan start-up, Kuza Freezer, turns plastic waste into solar-powered freezers
In Kenya, a company is exemplifying the saying "one person's waste is another person's treasure" by transforming plastic waste collected from a Mombasa beach into innovative freezers. Kuza Freezer, a youth-led company operating in Mombasa, repurposes plastic waste by breaking it down into pellets and moulding it into cold storage units. These eco-friendly freezers, equipped
uLesson cuts subscription prices by 50% to help Nigerians cushion against economic hardship
Sim Shagaya, the Founder and CEO of uLesson, which is a popular digital learning platform, has announced a significant 50% reduction in subscription prices on its app, according to Technext. Shagaya shared this news via a tweet on his profile, emphasizing the move as a means to support Nigerian households facing economic challenges under the
Apple to discontinue electric car project after 10 years, to direct resources to AI
Apple, the company behind iconic products like the iPhone and MacBook, is reportedly discontinuing its electric car project, known as the Special Projects Group, after a decade of development. The decision to wind down the autonomous electric car initiative was communicated to the team by Apple's Chief Operating Officer, Jeff Williams, and Kevin Lynch, the
Google denies Gmail is shutting down after viral hoax
Google has quashed rumours circulating on social media that Gmail is shutting down, and has clarified that the widely shared information is a hoax. A viral post falsely claimed that Gmail would cease operations in August, amassing over seven million views. Google promptly debunked the misinformation on the same platform. Experts are emphasizing the dangers
Lightricks launches AI-powered filmmaking studio to help creators visualize stories
Lightricks, the company behind popular apps like Facetune and Videoleap, has unveiled a new AI-driven filmmaking tool called LTX Studio, according to TechCrunch. The web-based tool guides creators from ideation to generating an AI-powered short clip, allowing them to visualize a storyline. Currently, LTX Studio is in the waitlist phase, with plans to release it
PARAMOUNT GLOBAL TO LAUNCH ITS NEWEST PARAMOUNT+ BRANDED DESTINATION WITH MULTICHOICE IN AFRICA
Paramount Global Content Distribution announced a licensing deal today with MultiChoice to create a Paramount+ branded destination on the pan-African platform. This agreement is part of Paramount's strategy to expand the Paramount+ brand in more ways around the world, including making it available as a direct-to-consumer streaming service, through bundled partnerships in key markets as well as
Cape Town cements its reputation for offshore safety training excellence
As South Africa moves along its journey towards energy security, the need for the safe and responsible exploration of natural gas options has become even more critical. An offshore training centre based in Cape Town this week marked a major milestone in its efforts to support this drive for safety. “The need for skills and
Another 100 businesses close down in South Africa
In the initial year of 2023, South Africa saw a huge surge in business closures, with 109 enterprises shutting down, marking a great 35% increase compared to the same period in the previous year. Statistics South Africa's recent data on liquidations reveals a 34.6% rise in the total number of liquidations in January 2024 compared
Amazon to potentially outshine Takealot in South Africa
Amazon's fast approach into the South African market is expected to reshape the country's eCommerce landscape, with the potential to outshine local competitors like Takealot. Equity analyst Damon Bush from M&G Investments has emphasized Amazon's historical strategy of a gradual and measured approach when entering new markets. Starting with a soft launch, Amazon progressively expands
Lenovo Accelerates Telco Transformation with Next-Generation Edge AI Innovations at MWC ‘24
At MWC 2024, Lenovo unveiled next-generation Integrated Edge AI Solutions for Telco that help enterprises go beyond the data center to harness vast bodies of data at the far edge for transformative AI applications at scale while reducing energy consumption. The innovations are part of a comprehensive pocket-to-cloud portfolio of Lenovo hybrid AI solutions designed to simplify the path
HONOR Debuts a New AI-empowered All-scenario Strategy at MWC 2024
Global technology brand HONOR has revealed its new all-scenario strategy by introducing AI-empowered cross-OS collaboration and human-centric intent-based AI and a suite of smart devices with global partners. During its keynote, HONOR not only announced the global launch of the HONOR Magic6 Pro, but also its latest AIPC, the HONOR MagicBook Pro 16, all of
Providing shared services that offer excellence to everyone in the value chain
The global shared services sector is booming, driven by the need for companies to manage costs and centralise certain non-core services. Shared services bring value to brands by providing a range of services at a cost-effective and competitive price. By standardising processes and using specialised software and tools, shared service providers can streamline tasks and
Big Data and Data Analytics
The future of understanding complex issues and markets By Greg Stewart A lot of hype has been generated about the impact of Big Data in business today but few businesses are actually harnessing its full potential, with many companies lacking the knowledge, skills or technology to unlock the real value that a well-managed Big Data
BYD reveals R4.5-million Yangwang U9 supercar to rival Lamborghini
On Sunday, BYD unveiled its latest high-performance electric car, the Yangwang U9, marking its entry into the luxury electric vehicle market with a price tag of US$233,450 (approximately R4.5 million). This fully electric supercar is positioned to compete with traditional petrol-powered options from luxury brands like Ferrari and Lamborghini. Initially targeted at the Chinese market,
Truecaller launches call recording and transcription in India
Truecaller, a caller identity company, has introduced its call recording and transcription feature for premium users in India, its largest market. This feature, available on both Android and iOS, supports English and Hindi transcriptions. In June 2023, Truecaller launched call recording for premium users in the U.S., with a distinctive feature: due to regulations, users
Vodacom SA awarded 5-Star Green Star certification by Green Building Council of South Africa
The Green Building Council of South Africa (GBCSA) has accredited two buildings at Vodacom South Africa’s headquarters (HQ) in Midrand, Johannesburg, each with a 5-Star Existing Building Performance (EPB) certification. Vodacom’s Business Park and Corporate Park buildings, which are part of the HQ campus, have each achieved this rating, which signifies excellence in sustainable building
Navigating the Age of Adaptability
As the Age of Adaptability unfolds, ManpowerGroup South Africa, under the leadership of Managing Director Lyndy van den Baarselaar, emphasises the importance of prioritising people in the face of rapid technological evolution. In a world where generative AI is advancing swiftly, ManpowerGroup SA believes technology can be a powerful ally, augmenting human capabilities rather than replacing