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Kenya Reassesses Budget After Cancellation of Finance Bill 2024
The Kenyan government has cancelled the Finance Bill 2024 following widespread anti-tax protests, forcing a reassessment of the national budget and the exploration of alternative revenue sources to avert economic instability. This decision provides relief to businesses that would have been subject to additional taxes had the bill passed. Kenyan economist Aly-Khan Satchu offered further
Angola's 10th Banana Fair Concludes with Promising Prospects
After four days of vibrant festivities, the 10th edition of Angola's banana fair has successfully concluded. The event saw participation from local farmers, associations, and cooperatives from various municipalities, alongside industry representatives from across the nation, all gathering to discuss market expansion and highlight their production strengths. During the closing ceremony, Maria Antónia Nelumba, the
A New Bionic Break-through via Human Neural Link
MIT reveals a new prosthesis driven by the nervous system will assist amputees to walk naturally and navigated obstacles. State-of-the-art prosthetic limbs can help people with amputations achieve a natural walking gait, but they don’t give the user full neural control over the limb. Instead, they rely on robotic sensors and controllers that move the
Chinese EV Investments in Morocco Surge Following U.S. Subsidies
Following the implementation of new U.S. subsidies aimed at enhancing domestic electric vehicle (EV) production and reducing China's dominance in the supply chain, Chinese manufacturers have begun investing in an unexpected location: Morocco. In the picturesque hills near Tangiers and the industrial zones close to the Atlantic Ocean, plans for new factories to produce EV
Five must watch tech trends for SMEs in Africa
It’s no secret that technology has the potential to transform the way we live, work, and connect with one another. In fact, with the rapid onset of innovations like Generative AI, in the form of tools like ChatGPT, the world is experiencing a rapid digital growth. In South Africa, innovation is seen everywhere, from cloud
TCL Electronics Unveils Latest QD-Mini LED TV and Smart Home Appliances in South Africa
The highlight of the event was the introduction of TCL's 115” X955 Max QD-Mini LED TV, promising a cinematic experience in the comfort of consumers' homes. Featuring a peak brightness of 5,000 nits and over 20,000 local dimming zones, this TV ensures precise lighting and stunning contrast, delivering crisp visuals on a large scale. Equipped with
Strengthening Internal Controls for Financial Management: Essential Strategies
Internal controls are an essential component of any financial management system. It helps your organisation retain financial integrity, meet regulatory requirements, and compile reports essential for improving the business. These processes are especially crucial in accounts payable (AP) departments to manage financial transactions and ensure that payments are authorised, accurate and properly documented, says Ryan Mer,
SA Breweries showcases its journey of championing responsibility with SAB Sharp platform
South African Breweries today outlined the impact of SAB Sharp, a platform dedicated to fostering a culture of responsibility within South African communities. The platform highlights the importance of responsibility across society and the crucial nature of partnerships with government, law enforcement, and community organisations to promote responsibility associated with beer consumption. SAB Sharp is
Kyutai unveils the very first voice-enabled AI openly accessible to all
In just 6 months, with a team of just 8 staff, the Kyutai research lab developed, from scratch an artificial intelligence (AI) model with unprecedented vocal capabilities called Moshi. The new experimental prototype AI, was publicly unveiled in Paris yesterday. The interactive demo of the AI will be accessible from the Kyutai website as of
Africa’s Largest Wind Electricity Generation Plant
A cluster of three wind farms, called the Koruson cluster, in the Eastern Cape area of South Africa is nearing completion.
Success in Economies Linked to Market Freedom
The depth of natural resources combined with a large, young workforce, there is no conceivable barrier to Africa becoming an economic powerhouse. It needs only to adopt business friendly policies and deliver freedom for its countless entrepreneurs to thrive in.
Alternative Green Energy Solutions
There is much hype around solar and wind energy generation, but there are several other alternatives that deserve consideration depending on your location and how much power generation is required. Micro Hydro Generators Hydro energy generation has found a meaningful place in locations with good water supply and where other tech such as solar or
TCL Electronics to Launch Latest QD-Mini LED TV and Smart Home Appliances in South Africa
TCL Electronics, the world's Top 2 TV brand and Top 1 98-inch TV brand, has announced an exclusive launch event in the heart of Sandton, Johannesburg, introducing the company’s latest product line-up, including its 2024 QD-Mini LED TVs and an array of upgraded domestic appliances and air conditioners. The event will bring together industry leaders, media
Solar Energy – Buy or Rent, That Is the Question?
There is a big move across Africa to start using sustainable energy and to move away from fossil fuels, driven mainly by global pressure from the likes of the World Bank and the United Nations. And Africa can certainly benefit from a cleaner environment and maintaining the beauty of our natural wildlife heritage, that exists
Ethiopia considering relationships with international banks
International banks are seeking to expand their operations into new markets and are increasingly turning their attention to Ethiopia, a country with a growing economy and a burgeoning banking sector. The banking sector in Ethiopia is dominated by state-owned banks, with limited participation from foreign banks. However, reforms have opened the sector to private and
Opportunities of Orange Digital Center in Guinea-Bissau
Orange is a leading telecommunications company, that has recently launched the Orange Digital Center in Guinea-Bissau, marking a significant innovation in the country's digital advancement. The state-of-the-art center aims to empower local communities through technology, innovation, and skill development. By increasing access to technology and resources, the center is ensuring that individuals unlock new opportunities
More Money for Nigerian and Ghanaian Content Creators
Meta has made strides in expanding its monetization opportunities for content creators in the African countries of Nigeria and Ghana. This strategic move by Meta aims to empower creators the locals by providing enhanced tools and resources to monetize their content effectively. As digital ecosystems continue to evolve, especially in emerging economies, the expansion of
Egypt’s wind farm to counter power shortages
Egypt's ongoing struggle with power shortages has prompted a significant shift towards renewable energy sources, with a particular focus on wind energy. The country plans to build a 10-gigawatt wind project that represents a step forward in addressing the energy challenges and achieving a more sustainable power grid. The need for reliable and sustainable energy
Benefits of Rwanda’s 4G Network
MTN Rwanda has expanded its 4G network and has shifted into a new era of connectivity, offering potential economic benefits that ripple across sectors and communities. MTN Rwanda, a leading telecommunications company, recently released its 4G network to enhance connectivity nationwide. This expansion aimed to provide faster and more reliable internet services to a larger
Major VC investment fund for Africa
The Africa-focused VC firm has already backed nine start-ups, including Numida, Hohm Energy, Socium, Klasha, Kwara, Coachbit and Sava, and will be aiming to achieve a minimum of 40 Tech start-up investments from this first fund.