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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
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
Kenyan Tappi, Secures $1.5 Million in Pre-Seed Investment Boost
Tappi, a Kenyan startup renowned for its chat tool that auto-generates web pages, has managed to raise $1.5 million in a pre-seed funding round that witnessed overwhelming investor interest. This two-year-old e-commerce venture garnered backing from prominent entities like Digital Currency Group, SOSV, Resilience17, growX ventures, Orbit Startups, and Reflect Ventures. Leading contributions came from
Mastercard’s contactless solutions is driving digital payment transformation in Nigeria
Mastercard has introduced its latest contactless payment solutions designed to facilitate easy and cost-effective card transactions for businesses. These solutions include features like "tap on the phone," "QR Pay by link," and "Payment link," all accessible via smartphones. The objective behind Mastercard's initiative is to offer affordable digital payment alternatives, particularly benefiting Small and Medium
Xiaomi reveals the EV SU7 sedan
Xiaomi, the renowned Chinese smartphone manufacturer, has unveiled its inaugural electric vehicle, the SU7 sedan. Set to debut in the Chinese market next year, Xiaomi's entry into the electric vehicle (EV) sector highlights the company's ambition to merge the sophisticated technology found in smartphones with automobile interiors. Xiaomi's potential success could be attributed to its
India set to block crypto exchanges Binance, Kraken websites
The Financial Intelligence Unit (FIU), a regulatory body in India overseeing financial transactions, declared on Thursday that nine prominent global cryptocurrency exchanges, including Binance, Kraken, Kucoin, and Mexc, are operating without proper adherence to the country's anti-money laundering regulations. As a result, the FIU has urged the IT Ministry to restrict access to these exchanges'
South Africa's private sector reduces dependence on Eskom for power supply
Eskom's sales have been on a downward trajectory as South Africa's corporate sector progressively reduces its dependence on the utility for power supply. In its half-yearly results ending September, Eskom reported a 5.9% decrease in sales volumes. The utility attributed this decline primarily to supply limitations, resulting in frequent power outages, reduced electricity demand due
Indian journalists’ iPhones infected with Pegasus spyware
In late October, Apple's alerts suggesting that Indian journalists and members of the opposition might be under state-backed cyber-attacks elicited a strong rebuttal from Prime Minister Narendra Modi's administration. Rather than acknowledging Apple's concerns, government officials expressed skepticism and initiated an investigation into the security of Apple devices. While India has neither confirmed nor denied
The New York Times initiates lawsuit against OpenAI and Microsoft
The New York Times has initiated a lawsuit against OpenAI and its significant partner and investor, Microsoft, alleging copyright infringement. The Times asserts that without its explicit consent, its extensive content has been utilized to train artificial intelligence models, notably powering OpenAI’s ChatGPT and Microsoft’s Copilot. The lawsuit demands the dismantling of these models and
TUNL Secures $1M in Initial Funding Round
TUNL, a parcel shipping platform based in South Africa, has successfully raised $1 million in pre-seed funding. Key investors in this round include Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. Founded in 2022 by Matthew Davey as CEO and Craig Lowman as COO, TUNL emerged from Davey's prior role as the
Flying Taxis: Archer Aviation's Vision for Urban Air Mobility Takes Launched
Archer Aviation is at the cutting edge of urban air mobility, spearheading the creation of the Midnight, a revolutionary four-passenger electric vertical take-off and landing (eVTOL) aircraft. The dream of flying taxis, once confined to the realms of science fiction and futuristic visions, is on the brink of materializing into reality. At the Dubai Airshow,
Apple Watch US ban now operational
The U.S. prohibition on importing Apple Watches will persist, as the Biden administration chose not to overrule the International Trade Commission's (ITC) prior decision. Effective immediately, the ITC's verdict is now operational. In anticipation of this ban, Apple had already ceased sales of both the Apple Watch Series 9 and Ultra 2. Online sales were