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Report Criticizes Microsoft's Handling of Chinese-State Cyber Intrusion
A recent report released by a government cyber review board has shed light on a Chinese-state intrusion of Microsoft Corp. technology in the previous year, which enabled hackers to gather US officials' emails. The report, issued on Tuesday by the Cyber Safety Review Board, a White House-mandated group tasked with examining significant cyberattacks, stated that
Google Introduces AI-Powered Tool for Streamlining Search Ad Campaigns
Google has unveiled a ground-breaking AI-powered tool designed to streamline the process of creating impactful Google Search campaigns for businesses. Leveraging AI-generated suggestions and guidance, this innovative tool aims to make the campaign creation process faster and more efficient than ever before. Businesses across Africa and around the globe now have access to Google's Gemini
Mastercard Teams Up with Mono Technologies Nigeria
Mastercard has joined forces with Mono Technologies Nigeria Limited to introduce cutting-edge account-to-account (A2A) payments and a comprehensive suite of open banking products, leveraging the advanced capabilities of Mastercard Gateway. This strategic collaboration will harness Mono's expertise in open banking alongside Mastercard Gateway's state-of-the-art payment technology to deliver a secure and seamless A2A payment solution
Xiaomi's Electric Vehicle Debut Sparks Surge in Hong Kong Trading
Xiaomi Corp. witnessed a remarkable surge in its stock price on the Hong Kong market, buoyed by robust orders for its inaugural electric vehicle (EV) launch, signalling optimism for the smartphone giant's venture into China's fiercely competitive automotive landscape. On the first day of trading following the commencement of sales for its cars, Xiaomi shares
Facebook News tab will soon be unavailable
Meta, the parent company of Facebook, has announced the impending sunset of Facebook News in early April for users in the United States and Australia, marking a further shift away from prioritizing news and political content on the platform. This decision follows the closure of the feature in the United Kingdom, France, and Germany last
Ivory Coast Set to Raise Official Cocoa Farmgate Price
Ivory Coast, the world's leading cocoa exporter, is poised to implement a significant increase in the official cocoa farmgate price, raising it to 1,500 CFA francs ($2.47) per kilogram starting Tuesday, up from the current rate of 1,000 CFA. The decision comes after a series of deliberations, with President Allassane Ouattara initially endorsing a proposal
BasiGo Secures $3 Million Investment for Expansion
Kenyan e-mobility startup, BasiGo, has announced a significant milestone with the successful closure of a $3 million equity funding round. Spearheaded by the CFAO Group and bolstered by support from Mobility54, a collaboration between Toyota and CFAO, this latest investment underscores the growing interest in sustainable transportation solutions across the region. This funding comes on
Tips to plan your hybrid cloud migration
Why should your organisation start using cloud services and infrastructure? Why is hybrid cloud the preferred model to use? And how do you avoid the problems that often arise when companies try to deploy a hybrid cloud? Sithabile Technologies' experts weigh in on this crucial business topic. The world's oldest computer is the Antikythera Mechanism,
Blue Label Telecoms Granted Approval to Acquire Control of Cell C
Blue Label Telecoms has received the green light from the Competition Commission to assume control of the mobile operator Cell C, marking a significant development in South Africa's telecommunications landscape. Previously, Blue Label, through its wholly owned subsidiary, The Prepaid Company (TPC), held a minority stake of less than 50% in South Africa's third-to-be-licensed mobile
Watu Credit Commits to Funding 500,000 Electric Motorbikes by 2030
The prominent local financial provider, Watu Credit, has announced a bold commitment to finance the purchase of over 500,000 electric motorbikes by 2030, signalling a significant step towards sustainable transportation in Kenya. This ambitious pledge from Watu Credit aligns closely with the recent unveiling of the Electric Mobility Draft Policy by the Kenyan government. The
Huawei Technologies Achieves Strongest Growth in Four Years
In a remarkable recovery, Huawei Technologies experienced its fastest growth in four years in 2023, buoyed by a revival in its consumer segment and revenue from emerging businesses such as smart car components, accelerating its recovery from US sanctions. The company reported a robust revenue increase of 9.6% from the previous year, reaching C¥704.2 billion
Safaricom's M-PESA and Onafriq Forge Partnership to Boost Remittance Flows to Ethiopia
Safaricom's M-PESA, which is a trailblazer in providing accessible financial solutions through mobile phones, has joined forces with Onafriq, Africa's premier digital payments network spanning 40 countries. This strategic partnership is geared towards enhancing the efficiency of remittance flows to Ethiopia. With M-PESA's innovative platform, which requires only a Safaricom sim card to access financial
Mike Silber Appointed as Group Executive Regulatory at MTN Group
Mike Silber, renowned for his extensive experience as the former Group Chief Regulatory Officer at Liquid Telecom for five years, assumes a new role as Group Executive Regulatory at MTN Group. During his time at Liquid Telecom, Silber played a pivotal role in expanding Africa’s cross-border fibre network and spearheading its largest networked data centre
Tesla Faces Sales Slowdown Amidst Waning Demand and Market Challenges
Tesla Inc. finds itself on the brink of a challenging milestone as dwindling demand for electric vehicles coupled with rising interest rates cast a shadow over its sales figures. As the quarter drew to a close, analysts swiftly revised their projections for Tesla's upcoming delivery report. There's a palpable sense of apprehension on Wall Street,
Aella Transforms into Aella Microfinance Bank: Pioneering Financial Inclusion in Nigeria
Aella, a leading provider of credit and financial solutions in Nigeria, proudly announces a significant milestone with its official name change from Aella Credit to Aella Microfinance Bank. This strategic decision underscores Aella's unwavering commitment to innovation and the delivery of inclusive financial services to the average Nigerian. Established in 2015 by Akin Jones, the
Rhenus South Africa receives Authorised Economic Operator Level 2 status
Rhenus South Africa has marked a significant milestone with its attainment of Authorised Economic Operator (AEO) Level 2 status. This accomplishment solidifies its position as a frontrunner in the industry, poised to guide and support its clientele through the AEO program. Through this achievement, Rhenus reaffirms its dedication to upholding stringent security and safety standards
Small businesses fuelled by fibre have a competitive edge
Technology has changed how businesses operate; operations have become fast-paced, putting more pressure on small business owners to adapt to modern ways of conducting business. Local entrepreneur Vuyisile ‘DJ Vusinator’ Mathwasa, a music producer and DJ, has partnered with Vuma, South Africa’s leading network operator, to unleash his creativity through connectivity. He is one of the many
The expansion of industry-specific ERP solutions
As industries have evolved, so have their needs for enterprise resource planning (ERP) solutions. Originally conceived as versatile tools suitable for a broad array of sectors, ERP systems have proven invaluable in streamlining operations across diverse industries. However, the inherent generic nature of traditional ERP solutions has increasingly revealed its limitations, particularly for manufacturers seeking
SME sector gets business radio boost from Hytera
Cape Town, South Africa – March 25, 2024 – With more than 710,000 small formal businesses in its fold, South Africa’s small and medium enterprise (SME) sector plays a critical role in boosting economic growth and creating employment opportunities in the country. A 2023 Real Economy Bulletin by Trade & Industrial Policy Strategies (TIPS) notes
Easter shopping season to give sector a R2.2 billion boost
The Easter shopping season is expected to signal the start of a turnaround for retail in South Africa, according to a mixed method research study* conducted on behalf of Capital Connect, a fintech that offers fast and flexible business funding to South African retailers so they do not miss out on retail growth opportunities. The