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Discovery Alaska signs a mining lease agreement gold project in the US state of Alaska
Discovery Alaska, the Australian mineral exploration company, has signed a binding mining lease agreement with Doyon for its Vinasale gold project in the US state of Alaska. Discovery has secured a lease covering approximately 6,500 hectares, marking a pivotal moment in its expansion strategy. Under this agreement, Discovery Alaska obtains exclusive rights for mineral exploration, development,
AI set to take over at CES 2024
Sam Altman, the head of OpenAI, will be absent from the CES trade show in Las Vegas in the upcoming week. However, the AI fervour ignited by his company last year will be prominently featured as tech manufacturers endeavour to integrate AI into consumer products. From assistive devices for the visually impaired and security systems
Sharing music during calls? WhatsApp bringing in major changes to the app
Meta platforms is currently working on a couple of new features for its instant messaging app, WhatsApp. The company regularly adds new capabilities to the mobile app even though it often lags behind its primary rival, Telegram. However, WhatsApp also has a significantly larger user base and must take great care before rolling out new
Biggest Cybersecurity Threats to Look Out For in 2024
As society increasingly immerses itself in the digital realm, cybersecurity emerges as a paramount concern. Discussions on the dark web often spotlight topics like hacking tutorials, unauthorized photo leaks, and the misuse of AI for fraudulent activities. Cybersecurity specialists from NordVPN delved into the predominant themes on the most extensive dark web forum to forecast
Samsung and Google looking to take on Apple’s Vision Pro
Qualcomm, one of the leading manufacturers of mobile phone processors, has unveiled the Snapdragon XR2+ chip tailored for virtual and mixed reality headsets, positioning itself against Apple's upcoming Vision Pro. Based in San Diego, Qualcomm revealed that this advanced chip, capable of supporting 12 or more high-definition cameras, has already garnered interest from tech giants
Peter Njonjo, CEO and co-founder of Twiga steps down from the company board
Peter Njonjo, the CEO and co-founder of Twiga, has stepped down from the company's board, acknowledging his limited future contribution. This departure aligns with earlier indications of his unexpected exit as CEO in 2023. Njonjo, who established Twiga in 2013, had taken an abrupt six-month break in December 2023. A TechCabal report implies that his
Fisker struggling to meet internal sales goals
Fisker is still a considerable distance away from achieving Henrik Fisker's public commitment of dispatching 300 electric SUVs daily worldwide, as indicated by internal documents reviewed by TechCrunch. Throughout December, the electric vehicle (EV) startup aimed to achieve an internal sales target of 100 to 200 vehicles daily in North America, its primary market for
Intel recruits Justin Hotard to lead its crucial data center unit
Intel has recruited Justin Hotard from Hewlett Packard Enterprise (HPE) to lead its data center and artificial intelligence (AI) division, marking a strategic move to steer this pivotal segment in the chip giant's revitalization journey. At HPE, Hotard led initiatives in high-performance computing, AI, and labs. In his new role at Intel, he will helm
AXIAN Energy looking to deploy over 460 Megawatts (MW) of utility-scale renewable energy across Africa
The Emerging Africa Infrastructure Fund (EAIF), which is an affiliate of the Private Infrastructure Development Group (PIDG), has committed a senior secured loan facility amounting to $30 million to AXIAN Energy. This financial backing is pivotal for AXIAN Energy's ambitious plan to deploy over 460 Megawatts (MW) of utility-scale renewable energy across Africa in the
InDrive set to provide loans and credit facilities for drivers for countries Nigeria, Kenya, Ghana
The global e-hailing firm with a presence in 47 countries, InDrive, is gearing up to diversify its offerings by stepping into the financial domain. Spearheaded by CEO Arsen Tomsky, the company plans to roll out financial solutions, including modest loans, to drivers in emerging markets. Recognizing the financial hurdles that drivers, especially in regions like
FlySafair named the most punctual low-cost carrier globally
FlySafair has claimed the title of the most punctual low-cost carrier globally, according to Cirium's latest On-Time Performance Review. The study, analyzing over 30 million flights annually, considers flights that arrive within 14 minutes and 59 seconds of their scheduled arrival as on time. FlySafair achieved an on-time performance of 92.36%, outshining other carriers. Cirium's
TotalEnergies to Re-Examine Land Acquisitions for Disputed Projects in Africa
French energy giant TotalEnergies announced on Thursday that it has initiated a review of its land acquisition practices for the contentious $10-billion projects in Uganda and Tanzania. The projects include the Tilenga drilling project in Uganda and the East African Crude Oil Pipeline (EACOP), stretching 1,443 kilometers to transport oil to the Tanzanian coast. The
First renewed Koeberg unit passes final test
Eskom has confirmed the successful full load rejection test for the renovated Unit 1 at the Koeberg Power Station on December 30, 2023. According to Eskom, this test was pivotal after the unit's new steam generators were installed, aligning with the stipulations of the South African Grid Code (SAGC). Marking a significant milestone, Eskom views
Samsung’s Galaxy S24 set to debut on January 17th
Samsung's mobile division has moved away from grand-scale unveilings and is no longer reserving major phone announcements for the weeks leading up to Mobile World Congress. The upcoming Unpacked event is scheduled for January 17, just over a week after CES concludes. If history is any indication, this event will likely introduce Samsung's new flagship
MTN Group Executives allocated millions in new shares
MTN Group executives have been granted significant shares as part of the company's performance share plan, set to vest over a three-year period. On the 29th of December, MTN made this share allocation public through a notification to investors via the JSE stock exchange news service. As per the announcement, the group's CEO, Ralph Mupita,
Eskom Appeals for Load Shedding Court Ruling Instead of Fixing Power Crisis
ActionSA expresses deep concern and disappointment that, amidst South Africa's dire financial challenges, the President, the Minister of Electricity, and Eskom have opted to seek leave to appeal the significant judgment delivered by the Full Bench of the North Gauteng High Court on December 1, 2023. This pivotal judgment deemed load shedding unconstitutional and mandated
African companies encouraged to adapt to technology to grow
Samson Olatunde, the visionary behind Knowledge Digest Africa (KDA), underlining the pivotal role of technology in propelling African businesses forward. Recently honoured among the top 100 fastest-growing small and medium-sized enterprises (SMEs) in the country for 2023, KDA stands as a comprehensive digital knowledge storage. In a post-award speech in Lagos, Olatunde emphasized the necessity
Baidu Cancels $3.6 Billion Acquisition of JOYY's Livestreaming Business in China
Baidu (9888.HK) has officially abandoned its intended $3.6 billion acquisition of JOYY Inc's live-streaming business in China, as disclosed in a filing with the Hong Kong stock exchange on Monday. The dissolution of the deal raises questions about Baidu's aspirations to broaden its revenue streams. The proposed acquisition of JOYY's Chinese live-streaming business, YY Live,
China ASML exports restricted by the Netherlands
ASML, a chip machine manufacturer based in Veldhoven, Netherlands, revealed on Monday that the Dutch government has partially revoked an export license for the shipment of specific chip-making equipment to China. This action was taken in response to US export restrictions, affecting shipments that include certain lithography systems, specifically the NXT:2050i and NXT:2100i models. ASML,
This Jan-you-worry comes with a petrol price relief from Wednesday
South African drivers can breathe a sigh of relief as petrol and diesel prices are set to decrease from Wednesday January 3, 2024, according to the Department of Mineral Resources and Energy (DMRE). Both 93 and 95 octane petrol will see a reduction of 62c/l and 76c per litre. The price of diesel (0.05% sulfur)