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Florida gets rid of social media for kids under 14
Florida Governor Ron DeSantis has signed into law a bill aimed at restricting minors' access to social media platforms, citing concerns over their potential harm to children's well-being. The legislation, known as House Bill 3, prohibits minors under the age of 14 from having social media accounts altogether. For teenagers aged 14 and 15, parental
Match makes significant changes to its board of directors
Match Group, the parent company of Tinder, has made significant changes to its board of directors and entered an agreement with Elliott Management, an activist investor firm, in a bid to revitalize its performance. Laura Jones, who is the chief marketing officer at Instacart, and Spencer Rascoff, co-founder of Zillow, have been appointed to Match
New York Stock Exchange Suspends Trading of Fisker Shares
The New York Stock Exchange (NYSE) announced on Monday its decision to suspend trading of shares belonging to electric vehicle (EV) startup Fisker and is taking steps to remove the company from its stock exchange. The exchange cited Fisker's stock price, which has dropped to "abnormally low" levels, as the reason for its decision. This
Profluent: From Salesforce's ProGen to the Future of Protein Design
In an ambitious leap from its origins at Salesforce's ProGen project, which aimed to design proteins using generative AI, Profluent emerges as a groundbreaking venture poised to revolutionize drug development. The brainchild of Ali Madani, a former researcher at Salesforce, Profluent seeks to translate protein-generating technology from the lab to pharmaceutical companies. Madani envisions a
Nigeria Charges Binance with Tax Evasion, Seeks International Arrest
Nigeria has taken legal action against cryptocurrency platform Binance, alleging tax evasion and seeking an international arrest warrant for the company’s regional manager for Africa, who fled custody last week, officials confirmed on Monday. The manager, Nadeem Anjarwalla, a British-Kenyan national, was detained as part of an ongoing investigation into Binance’s operations in Nigeria. Following
Former Paystack Managers Launch GoLemon, An African Grocery Delivery Service
Four former senior managers from Paystack, a prominent African payment company, have joined forces to venture into the continent’s growing grocery delivery sector. Yinka Adewuyi, Gbadegbo Gbade-Oyelakin, Abdulrahman Jogbojogbo, and Abiola Showemimo, who all spent significant time at Paystack, are launching GoLemon, a startup focused on delivering groceries and household items across major African cities.
AUTO24 Rwanda Introduces Tesla Model Y
AUTO24 Rwanda, a well-known local car dealership, has taken a significant step by making Tesla vehicles available in Rwanda. This decision follows a campaign initiated by the dealership in late 2023, encouraging customers to transition from traditional gasoline-powered vehicles to new electric ones, thereby promoting electric mobility. The official unveiling of the first two Tesla
Swift Plans New System to Link Digital Currencies with Banking
Global bank messaging network Swift is getting ready to launch a new platform in the next one to two years. This platform will connect the growing number of central bank digital currencies (CBDCs) being developed with the current financial system. This move is significant because Swift plays a crucial role in global banking. It will
Telkom Kenya Loses Customers Due to Tower Dispute
Telkom Kenya, which is the third biggest phone company in the country, has faced a big problem recently. They lost around 800,000 people who use their service in the last three months. This happened because another company, American Towers Corporation (ATC), turned off Telkom's towers. They did this because Telkom had not paid the money
Commercial Bank of Ethiopia Works to Recover $40 Million After Technical Glitch
Ethiopia's Commercial Bank is currently in the midst of a significant endeavour to reclaim over $40 million following a technical mishap that permitted customers to withdraw more funds than they possessed in their accounts. The incident, which led to extensive queues at ATMs throughout Ethiopia, was first uncovered at the Commercial Bank of Ethiopia, as
Sony Group Exhibits at the World’s Largest International Conference on Accessibility
Sony Group ("Sony") announced that it will have an exhibit at the world’s largest international conference on accessibility, the “CSUN Assistive Technology Conference 2024” March 18 to 22 in Anaheim, California. Based on its Purpose, to "fill the world with emotion, through the power of creativity and technology," Sony aims to help build an inclusive
Pension funds and emigration: Tax could be the make-or-break factor
Investing in an offshore retirement fund is one way of growing your wealth in a stable economy over the longer term, or even gaining residency in a foreign country. However, for South Africans, this scenario presents as many challenges as it does opportunities and should only be considered after consulting with a financial adviser and
New IT Risk regulations for SA Financial Sector in 2024
South Africa’s financial services companies, including insurers, have until 15 November 2024 to comply with the requirements of the new Joint Standard for IT Governance and Risk Management, issued by the Financial Sector Conduct Authority and the Prudential Authority. This latest amendment to the Financial Sector Regulation Act, 2017 aims to update the minimum requirements
Managing data governance in the era of AI
As artificial intelligence (AI) continues to play a growing role in business operations, PBT Group delves into the significance of data governance in guaranteeing the ethical and efficient utilization of this technology. Petrus Keyter, a Data Governance Consultant at PBT Group, along with Willem Conradie, the company's Chief Technology Officer, provide their perspectives on the
MTN South Africa Spent Big to Fight Power Cuts and Boost Network
The telecommunications company, MTN has revealed that it spent a lot of money in 2023 to make its network better. The CEO, Ralph Mupita, told reporters that they used R2.5 billion to make sure the network doesn't stop working when there are power cuts. MTN recently shared its financial results for 2023. They said they
Spotify Offering Online Courses for Learning
Spotify, the music streaming and podcasts platform, is now adding something new to its platform: online courses. These courses, called Spotify Courses, are like videos you can watch to learn different things. They're starting with a test in the U.K. to see how people like them. Spotify's online courses are made with help from other
BYD Launches Aggressive Price War to Dominate China's Electric Vehicle Market
BYD Co., the renowned Chinese electric vehicle (EV) manufacturer, is not content with merely surpassing Tesla Inc. as the world's leading electric car maker. In a bold move, BYD has initiated an aggressive price war, aiming to lure customers away from established giants like Toyota Motor Corp. and Volkswagen AG in China's fiercely competitive automotive
China Implements Guidelines to Remove US Microprocessors and Software
In a move showing a significant shift in procurement practices, China has unveiled guidelines aimed at phasing out US microprocessors produced by Intel and AMD from government PCs and servers. Additionally, the guidelines seek to sideliner Microsoft's Windows operating system and foreign-made database software in favour of domestic alternatives, as reported by the Financial Times
Stability AI Undergoes Leadership Shift as CEO resigns
Emad Mostaque, the founder and CEO of Stability AI, a prominent player in the AI startup realm, has made a significant decision to step down from his leadership position and vacate the company's board. This move marks a pivotal moment for the unicorn startup and adds to a series of major changes unfolding within the
MTN Group Achieves Remarkable Fintech Growth
In a significant milestone for the telecom giant, MTN Group has reported a substantial surge in fintech transaction volumes, marking a notable expansion in its financial operations. The company revealed that its latest financial year saw a remarkable increase, with transaction volumes soaring by a third. This development comes hand in hand with the closure