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US Must Revamp Africa Policy, Emphasizing Critical Minerals, Says USIP Report
A recent report from the United States Institute of Peace (USIP) based in Washington has underscored the imperative for the United States to revaluate its Africa policy, with a particular focus on critical minerals. The report highlights the necessity of enhancing diplomatic and commercial engagement in African mining hubs to mitigate vulnerabilities stemming from export
Meta Announces Imminent Release of Llama 3, Next-Gen Language Model
During an event held in London on Tuesday, Meta, the parent company of Facebook, revealed its plans to unveil Llama 3, the next iteration of its large language model designed to power generative AI assistants, within the next month. This confirmation follows a report by The Information published on Monday, indicating that Meta was nearing
Global Supply Shocks Forecast to Propel Petrol and Diesel Prices
In a forecast that may not bode well for consumers, petrol and diesel prices are anticipated to surge in the coming months as the price of oil edges closer to the $100 per barrel mark, driven by supply disruptions reverberating across the globe. Muhammad Docrat, a portfolio specialist at Ninety One, recently shed light on
Google Enhances Android Studio with Gemini Pro Integration
Google is expanding its deployment of Gemini across various products, with the latest announcement revealing the integration of Gemini Pro into Android Studio's bot. The initiative traces back to May 2023, when Google unveiled Studio Bot powered by the PaLM-2 foundation model at the Google I/O developer event. Now, the company is extending the rollout
Calgro M3 and EPG Forge Ahead with Landmark Development Project
Calgro M3 and Eris Property Group (EPG) have embarked on an ambitious joint venture to develop a new project in one of South Africa's most affluent areas, with the potential to generate a staggering R18 billion in revenue. The two entities recently finalized the acquisition of a prime land parcel located between Marlboro and Waterfall
Targus Faces Operational Disruption After Cyberattack
Targus, a prominent manufacturer of mobile gadgets and bags, has disclosed a "temporary interruption" to its business operations following a cyberattack that occurred on Friday. B. Riley Financial, Targus' parent company, revealed in a notice to regulators on Monday that a "threat actor gained unauthorized access to certain of Targus' file systems," prompting the shutdown
Tesla Settles High-Profile Autopilot Crash Case on Eve of Trial
Tesla Inc. has reached a settlement just before its highly anticipated trial over a crash involving its Autopilot system, a driver-assistance feature touted by Elon Musk as integral to the company's self-driving car ambitions. Details of the settlement were not disclosed in court filings released Monday in San Jose, California. The case cantered around Walter
SAA Seeks Permanent Executive Leadership Amidst Strategic Partnership Setbacks
In the aftermath of the collapse of the deal with the Takatso Consortium as strategic equity partners, South African Airways (SAA) is embarking on the search for permanent executive leadership, marking a significant transition after being held by an interim board for the past three years. Over the weekend, SAA announced the advertisement of five
Amazon Emerges as a Dominant Force in South Africa's eCommerce Landscape
Discovery Bank's SpendTrend24 report, in collaboration with Visa, has shed light on Amazon's remarkable rise as the third most visited eCommerce platform in South Africa. Drawing data from over 60 million Visa cards globally and aggregating insights from Discovery Bank's client transactions, the report underscores the significant footprint of the American retail giant in the
IFC Invests $10.5 Million in 4DX Ventures to Boost Africa's Tech Ecosystem
In a bid to bolster Africa's rapidly expanding technology sector, the International Finance Corporation (IFC) has unveiled a $10.5 million (R194 billion) investment in a new fund by 4DX Ventures, a venture capital firm based in New York. This strategic partnership aims to empower early-stage African tech companies spanning various sectors, including fintech, e-commerce, edtech,
Multiverse Acquires AI Recruitment Platform, Searchlight
Multiverse, a leading UK-based unicorn renowned for its innovative apprenticeship programs integrating technology skills training, has embarked on an acquisition spree to strengthen its own expertise. The company recently announced its acquisition of Searchlight, a pioneering start-up and recruitment platform leveraging artificial intelligence (AI) technology to identify talent. This strategic move aims to harness Searchlight's
Zero Carbon Charge Unveils Ambitious Off-Grid Electric Truck Charging Network
The start-up specializing in off-grid electric vehicle charging stations, Zero Carbon Charge has announced the launch of Zero Carbon Logistics, a ground-breaking initiative set to establish 120 photovoltaic solar electric truck charging sites along national highways in South Africa. This pioneering venture marks the country's inaugural off-grid electric truck charging network and aims to revolutionize
Pick n Pay Introduces New Money Transfer Service Across 1,400 Locations
In a bid to enhance convenience for its customers, Pick n Pay has rolled out a novel money transfer service, enabling seamless transactions between its 1,400 store outlets. Termed as Pick n Pay Money Transfer, the service operates domestically within South Africa, offering affordability at a fixed rate of R8.00 per transaction. This initiative aims
Uber Eats moves into TikTok
Uber Eats is stepping into the realm of short-form video with the launch of a TikTok-like feed, aiming to enhance restaurant discovery and offer a platform for eateries to showcase their culinary creations. Awaneesh Verma, Uber Eats' Sr. Director of Product, shared exclusively with TechCrunch that the new feature is currently undergoing testing in New
Sasol wins appeal regarding emissions calculation methods at its Secunda plant
Sasol has emerged victorious in its appeal regarding emissions calculation methods at its Secunda plant in South Africa, preventing a disruption to its chemical and fuel production. However, environmentalists argue that the ruling could lead to increased pollution. Following this favourable outcome, Sasol's shares experienced a notable surge in value. The Secunda facility, a key
A.P. Moller-Maersk A/S in a legal battle with Transnet over procurement process
A.P. Moller-Maersk A/S is embroiled in a legal battle with South Africa's state logistics entity, Transnet, over the procurement process to secure a partner for the development of sub-Saharan Africa's largest container port. The contract was awarded to International Container Terminal Services Inc. (ICTSI), granting them nearly half ownership and operational rights for 25 years
Africa Data Centres Begins Construction of 12MW Solar Farm in Free State
Africa Data Centres (ADC) has initiated the construction of a 12MW solar farming facility in the Free State region, marking a significant step towards bolstering its energy sustainability initiatives. The facility, set to be completed within the next 12 months, will supply power to ADC's data centres in Johannesburg and Cape Town under a 20-year
Zimbabwe Launches New Currency ZiG in Bid to Stabilize Economy
In a bid to address the ongoing currency crisis and economic challenges plaguing the nation, Zimbabwe introduced a new currency, ZiG, on Friday, replacing its struggling predecessor. The move aims to curb the depreciation and rejection of the previous currency by the populace, marking a significant step towards stabilizing the country's financial landscape. Governor of
Microsoft Establishes London Hub for Consumer AI Division
Microsoft has unveiled plans for a new London hub dedicated to its burgeoning consumer AI division, with Jordan Hoffmann leading the initiative. Hoffmann, an AI scientist and engineer, was recently recruited from the high-profile AI start-up Inflection AI, which Microsoft invested in last year. This announcement follows closely on the heels of Microsoft CEO Satya
X Expands Access to xAI's Grok Chatbot for Premium Users
Social Network X is expanding access to xAI's Grok chatbot, extending its availability to Premium tier subscribers following an announcement by Elon Musk last month. The company disclosed on its support page that only Premium and Premium+ users in select regions will have the opportunity to interact with the chatbot. Previously, xAI introduced Grok exclusively