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Telegram Introduces Business Accounts with Subscription Fee for Enhanced Features
Telegram founder Pavel Durov revealed on Wednesday that users can now convert their personal accounts on the messaging app into business accounts by subscribing to a monthly fee. This move allows users to include business-related information such as location and opening hours, catering particularly to small cafes and shop owners. The newly introduced business account
TotalEnergies and QatarEnergy to Acquire Stake in Offshore Oil and Gas Licence in South Africa
TotalEnergies and QatarEnergy have announced their joint acquisition of a stake in a licence for oil and gas exploration off the coast of South Africa. The French energy company will purchase a 33% stake in the offshore block 3B/4B, covering an area of approximately 18,000 km2, while QatarEnergy will hold a 24% stake. The remaining
NEC XON Urges Password Changes Following CIPC Data Breach
Cybersecurity specialist NEC XON is advising users affected by the recent data breach at the Companies and Intellectual Property Commission (CIPC) to change their passwords and enable multi-factor authentication for online services, according to Tech Central. NEC XON discovered over 140 compromised credentials from the CIPC breach available on the dark web. Armand Kruger, Head
Mastercard and Fintech SAVA Join Forces to Empower SMMEs Across Africa with Digital Solutions
Mastercard, in collaboration with Johannesburg-based fintech firm SAVA, is set to revolutionize payments technology and infrastructure for small, medium, and micro enterprises (SMMEs) in South Africa, Nigeria, Kenya, and Egypt. The partnership aims to provide SMMEs with an online platform fueled by SAVA's Payment Transaction System, offering digital bank accounts and integration tools for accounting.
Zambia Initiates Free Wi-Fi Expansion at Key Public Facilities
Zambia is set to provide free Wi-Fi connectivity at major public facilities, including international airports, shopping malls, and bus terminals. The initiative is propelled by the Zambia Research and Education Network (ZAMREN) through the Eduroam programme. ZAMREN, a specialized internet service provider with a focus on catering to the needs of research and education, is
EMURGO Launches EMURGO Labs to Drive Web3 Development in Africa, the Middle East, and GCC
EMURGO, a venture financing firm, has unveiled EMURGO Labs, a dedicated development hub aimed at advancing Web3 technologies across Africa, the Middle East, and the Gulf Cooperation Council (GCC). EMURGO Africa, with a focus on implementing the Cardano blockchain and other Web3 technologies in the region, introduces EMURGO Labs as a pivotal entity for the
Kenya Strengthens Digital Transformation Partnership with South Korea for Konza Technopolis Development
In a strategic move to advance its digital transformation agenda, Kenya has renewed collaboration with South Korea as part of the third phase of the Economic Innovation Partnership Programme (EIPP). This collaboration, facilitated in partnership with the Korea Trade Investment Promotion Agency, focuses on the development of Konza Technopolis, often referred to as Kenya's Silicon
UK's Advanced Secure Technologies Expands to Cape Town to Combat Academic Degree Fraud in South Africa
Advanced Secure Technologies (AST), a UK-based firm specializing in digital certification verification, is establishing a presence in Cape Town to tackle the escalating issue of academic degree fraud in South Africa. AST's Digital Certificates Websecurity platform utilizes blockchain, QR codes, and watermarks to ensure the secure issuance, management, and verification of educational certificates. The platform
Google Software Engineer Charged with Trade Secrets Theft for Chinese AI Development
A Chinese software engineer employed by Alphabet Inc.'s Google, Linwei Ding, is facing charges from the US Justice Department for allegedly stealing trade secrets related to artificial intelligence (AI) development from Google's supercomputing data centers. Ding, a 38-year-old Chinese national residing in Newark, California, was hired by Google in 2019 and is accused of four
Apple goes to war with Epic Games in the EU
Apple stopped Epic Games from opening its own app store for iPhones in Europe. Epic Games, known for Fortnite, says Apple did this because Epic criticized Apple and broke the new antitrust rules in the region. Apple cancelled Epic's account that they use to make and develop things. This means Epic can't bring Fortnite and
Egypt Secures $8 Billion IMF Bailout Deal to Address Economic Challenges
In a significant development, Egypt announced on Wednesday that it has successfully negotiated a deal with the International Monetary Fund (IMF) to increase a bailout loan to $8 billion. Prime Minister Moustafa Madbouly shared this news during a televised statement, highlighting the culmination of months-long discussions between Egypt and the IMF to augment the existing
Zambia's Ongoing Debt Challenges and China's Pivotal Role in African Trade
Zambia continues to grapple with significant debt challenges, with nearly $7 billion pending resolution, even after a deal with bilateral lenders last year addressed over $6 billion. The remaining $7 billion debt is owed to bondholders and commercial banks, and Zambia's pursuit of debt relief has been a protracted and challenging journey. Despite a deal
Mimecast Announces Protection for Microsoft SharePoint and OneDrive Solutions
Mimecast, a company focused on advanced email and collaboration security, has introduced Mimecast® Protection for Microsoft SharePoint and OneDrive. This follows the launch of Mimecast® Protection for Microsoft Teams last year. These new offerings aim to enhance Mimecast customers' ability to work securely across various collaboration tools that play a crucial role in the modern
Aliko Dangote Explores Oil Trading Venture Amidst Refinery Operations
Africa's richest person, Aliko Dangote, is thinking about doing something new and ground-breaking. He is looking to create a special part of his business that trades oil. This part could be in London and help with the work of his big oil refinery in Nigeria. This decision might push aside big global trading companies that
Five ways startups can impress investors during due diligence
In 2023, the African venture capital (VC) landscape faced a significant downturn, with a total of $3.5 billion raised from 547 deals. This marked a substantial decline of 46% in total funding and 28% in deal count compared to the previous year. This downturn represents a crucial phase in the relatively new and turbulent journey
OpenAI Responds to Elon Musk's Lawsuit, Alleges Attempts to Influence Company's Direction
OpenAI has responded to Elon Musk in a blog post about a lawsuit filed by Musk against the company, its CEO Sam Altman, and president Greg Brockman. Musk, who helped start OpenAI but is not involved anymore, says the organization has moved away from its goal of making responsible AI. In the blog post, OpenAI
Concerns Arise as Facebook Ceases News Content in Various Markets Amidst Global Regulatory Scrutiny
A group in South Africa that studies media issues is worried about Facebook's recent choice to stop showing news in some places. They're concerned because many countries are looking into whether big tech companies are making too much money from sharing news without spending on creating it. A person named Michael Markovitz, who has a
Sungrow's Game-Changing 3-Phase Inverter Launching in South Africa Soon
Business Tech Africa is getting ready to redefine your energy experience as Sungrow, the global leading global provider of clean energy solutions, prepares to unveil its highly anticipated 3-phase inverter in South Africa. With one of the most extensive portfolios of residential inverters on the market, ranging from 15kW to 200kW, Sungrow is set to
MDaaS Global, a health tech firm, secures $3 million to broaden its services across Nigeria
Nigerian health tech company, MDaaS Global has managed to raise $3 million in a funding round before its Series A funding. The investment was led by Aruwa Capital Management and Newtown Partners, with additional funding from Ventures Platform. This brings MDaaS Global's total investment to $6.8 million. The company plans to use the funds to
CIPS conference and award ceremony to showcase Africa’s procurement and supply excellence
The CIPS Africa Transform & Thrive 2024 Conference, which includes the Excellence in Procurement and Supply Awards, will offer a not-to-be-missed opportunity for engagement, growth and innovation as industry leaders, decision-makers, and experts gather to discuss and shape the future of procurement and supply on the continent. The conference, being held at The Houghton Hotel