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Crucial pigeon peas shipment to India withheld in Mozambique
Large shipments of pigeon peas, a crucial food staple in India, have been halted at ports in Mozambique due to stalled export permissions from customs officials. Industry sources say at least 150,000 tonnes of peas await clearance for export to India despite repeated requests from sellers over recent weeks. The unexpected shipment delays have caused
The China Project media company shuts down
The media entity, known as The China Project, is on the verge of closing its operations. This particular publication, one of the few independent English-language media outlets delivering comprehensive coverage of China for Western audiences, is facing a shutdown primarily due to financial challenges, as detailed in a statement by its editor-in-chief, Jeremy Goldkorn. Originating
Eskom to last for at least five more years
In spite of a recent stretch of nine consecutive days without power interruptions in October 2023, Eskom has issued a sobering warning, projecting that South Africa may have to grapple with at least another five years of load shedding. It's truly remarkable to consider that 2024 will mark the 17th year since the inception of
Patel speaks on AGOA’s youth employment opportunities
Minister of Trade and Industry, Ebrahim Patel, says that the three-day African Growth and Opportunity Act (AGOA) forum has not only created employment opportunities, but has also integrated young people into the economy. Patel expresses his hope that a broader spectrum of African nations can reap the benefits of AGOA. He emphasizes the profound significance
Maersk to cut 3,500 jobs following a significant decline in net profit
Danish shipping powerhouse Maersk announced its plans to cut 3,500 jobs, following a significant decline in net profit and revenue during the third quarter, primarily attributed to a sharp drop in freight rates. In the period from July to September, Maersk's net profit plummeted to $521 million, a stark contrast to the $8.9 billion it
World leaders focus on AI safety at inaugural summit
During the inaugural global AI safety summit, UK Prime Minister Rishi Sunak welcomed political and tech luminaries, envisioning that the technology would usher in profound and enduring changes in society. The debut of ChatGPT and similar generative AI systems, possessing the ability to rapidly generate text, images, and audio in response to everyday language commands,
China International Import Expo expected to reach a boom in trade relations
The approaching sixth edition of the China International Import Expo (CIIE) exceeds the typical definition of a conventional exhibition. It is proclaimed as 'a prominent catalyst for rejuvenating global trade and fostering economic globalization' within a 'more open world that aims to challenge prevailing unipolar paradigms,' according to insights shared by an expert. Abu Bakr
Top 3 richest countries in Africa
The wealth that exists in African countries is evident. The GDP (Gross Domestic Product) and GNI (Gross National Income) consisting of domestic and international earnings, indicates a country’s capacity to uphold a certain standard of living for its people. Here is a list of Africa’s richest countries. Nigeria Nigeria boasts the highest GDP among African
Africans will now be allowed to travel to Rwanda visa-free
All Africans will be permitted to travel visa-free to Rwanda from now on. The announcement was made yesterday, making Rwanda the latest nation on the African continent to make an announcement of this nature. The announcement is aimed at boosting free movement of people and to trade to rival Europe Schengen zone. According to data
The key to growth is creating disruptive solutions
Over the last decade, the global payments industry has undergone a profound transformation. In this period, both individuals and enterprises have shifted away from conventional cash transactions and embraced a dynamic and interlinked landscape of electronic payment solutions and complementary services. This transformation has greatly improved the accessibility of financial transactions, with innovations such as
Adbot partners with MTN Nigeria to boost SMEs
South African startup Adbot has partnered with MTN Nigeria with the aim of revolutionizing advertising in the region through its AI-powered ad management to small businesses. This is Adbot’s first expansion outside South Africa. The partnership supports MTN’s mission to accelerate SME growth through digital channels. MTN Nigeria chief enterprise business officer Lynda Saint-Nwafor said
Bolt Kenya’s operating licence officially renewed
Bolt Kenya’s operating licence has officially been renewed. This is according to the National Transport and Safety Authority (NTSA) of Kenya. The change comes after Bolt proactively suspended its controversial 5% booking fee, demonstrating a willingness to resolve concerns around commission charges. The renewing of Bolt Kenya’s license was previously declined because of citing issues
Fuel price drop for South Africans
South African motorists can look forward to some good news as fuel prices are set to decrease. This comes as citizens have been grappling with rising economic challenges. Motorists in South Africa last had relief from ever growing petrol prices in July this year. Today, the Department of Mineral Resources and Energy (DMRE) announced the
The New Era of AI
The AI takeover has arrived, and it is here to stay. Microsoft held an AI event at the Sandton Convention Centre today. The focus of the event was on the transformative potential of AI in shaping the future of innovation. The event kicked off with a sizzling performance by the esteemed Ndlovu Youth Choir followed
The DRC’s fuel prices affecting transportation
In the Democratic Republic of Congo, the eastern provinces are wrestling with a steep rise in fuel prices at the pump. The cost of public transportation has increased to the point where commuters are resorting to walking instead of using cars. Taxi drivers are saying there have been meetings planned to set the prices, but
You can now renew your driver’s disc on WhatsApp
South Africans have been waiting for the perfect opportunity to come where they would see smart ways of avoiding long queues to renew their driver’s licence disk. Luckily, the day has arrived. You can now renew your driver’s disc via WhatsApp offering convenience in the comfort of your home. Disky is an intuitive online chatbot
Future-proofing your job in the 5IR era
As we transition into the 5th Industrial Revolution (5IR), the relationship between humans and technology grows more intricate. With a significant focus on harmonising humanity and tech; the 5IR provides considerable new opportunities. It also comes with challenges which will require most people to take action to ensure they future proof their careers, according to
Nigeria’s inflation rate remains a growing concern
The International Monetary Fund’s (IMF) aim is to achieve sustainable growth and prosperity for all of its 190 member countries. The fund works by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. The IMF is governed by and accountable to its member
Elon Musk’s Starlink active in South Africa despite not being licensed
Billionaire Elon Musk is dominating the satellite industry, despite concerns around operating in South Africa because of licencing issues. Starlink is a satellite internet system that is operated by Elon Musk's rocket company, SpaceX. In 2014, Musk showed interest in building a satellite cluster. Back then, the venture was called WorldVu, which was later reconsidered
Day 2: Standard Bank concludes their two-day conference focused on women empowerment
The Standard Bank Top Women Conference concluded on a high note. The event saw dignitaries who are experts in their fields coming together to celebrate and educate each other with the aim of creating a cohesive economy that allows women to thrive. Yesterday, the conference touched on issues that women find themselves drowning in from