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Navigating the Economic Landscape of Sub-Saharan Africa
Long before the 'Africa Rising' narrative gained traction, the region grappled with a severe debt crisis, as exemplified in 1982 when virtually every African nation faced unsustainable debt burdens. By 1987, Africa's total debt skyrocketed to $174 billion from just $8 billion in 1970. China's lending provided some relief, but Africa's debt mountain remains high
Wealthy Banking Tycoon Pours Billions into Ground-breaking University Venture in Nigeria
Nigerian banking mogul Herbert Wigwe is investing $500 million in a new university aimed at building skills for finance and technology in Nigeria. Wigwe, co-founder and CEO of Access Holdings, plans to open Wigwe University next year offering undergraduate programs in management, science, engineering, IT and creative arts. He envisions needing up to $500 million
OpenAI's Chief Pursues Additional Microsoft Funding for Advancing 'Superintelligence' Initiatives
OpenAI CEO Sam Altman is reportedly seeking additional financial backing from Microsoft as he looks to advance development of advanced AI capabilities. Altman secured a $10 billion deal between OpenAI and Microsoft earlier this year, building on an initial $1 billion investment in 2019. However, the 38-year-old is pursuing even more funding to further commercialization
Building an intelligent Africa that is future-oriented
Deputy Minister of Communications and Digital Technologies, Philly Mapulane, conveyed to participants at the Ministerial Forum within the Africa Tech Festival that significant opportunities are on the horizon for investors in the digital realm. The forum is dedicated to fostering a forward-looking, intelligent digital infrastructure in Africa. Mapulane emphasized that the government is not merely
Mitigating IoT Hurdles Can Unlock Billions for SA
With an anticipated annual growth rate of 13.28%, the South African IoT (Internet of Things) market is poised to achieve an impressive US$11.32 billion by 2028. This surge is primarily attributed to the commercial, mining, agriculture, and manufacturing sectors, which are actively adopting intelligent solutions for water and energy management. Dr. Andrew Dickson, Engineering Executive
Coega successes the foundation for Gqeberha’s revival – Moore
Multibillion-rand investments in the Coega Special Economic Zone are laying the foundation for Gqeberha to realise its true potential as a city. That is the view of veteran Remax estate agent Alan Moore, who believes the SEZ’s successes should not be seen in isolation but as a catalyst for change in Nelson Mandela Bay. Coega
DSG to Showcase Creating Africa's Mobile Future at AfricaCom 2023
Gear up for AfricaCom 2023, the continent's premier telecoms, media, and technology event happening in Cape Town from November 14 to 16, 2023. Join the throngs of technology enthusiasts exploring the latest innovations, products, and expertise in the mobile industry, featuring the dynamic presence of Digital Solutions Group (DSG). DSG, a steadfast supporter of AfricaCom,
Leading ICT Group Altron achieves significant Microsoft designation milestone
Altron, a prominent information and communication technology group based in South Africa, has reached a notable milestone by attaining all six Microsoft Solutions Partner designations in Africa. This achievement aligns with the Group's recently declared ambition to establish itself as the leading platform and IT services provider in its chosen markets. This accomplishment reinforces Altron's
NEXT176 invests R27 Million in SA start-up JOBJACK to empower job seekers and cut costs of job hunting
NEXT176, a venture business with strategic backing from Old Mutual, has unveiled a R27 million investment in JOBJACK, a dynamic South African tech start-up at the forefront of reshaping entry-level recruitment. JOBJACK is poised to revolutionize the job market in South Africa by tackling issues of access and affordability for job seekers. By eliminating costs
Kenyan President Ruto Defends Controversial Debt Reduction Measures Amidst Economic Turmoil
In a bold move to address Kenya's mounting economic challenges, President William Ruto has staunchly defended his administration's efforts to cut "unnecessary" public debt. This comes amid public outcry over the removal of subsidies and the implementation of new taxes, with Finance Minister Njuguna Ndung'u acknowledging the country's "difficult financial position." Facing a trifecta of
Mercedes-Benz: Luxury in the automotive industry
Mercedes, short for Mercedes-Benz, is a well-known and respected brand in the automotive industry. Mercedes-Benz is a German automobile manufacturer and a division of the Daimler AG company. The brand is known for producing a wide range of high-quality vehicles, including luxury cars, trucks, and buses. Here are some key points about Mercedes-Benz: History: Mercedes-Benz
Why energy efficiency compliance builds business trust
As much as businesses want to become more energy efficient, the reality is that South Africa is a challenging environment in which to do so. Most organisations are dependent on Eskom for their power, and while UPS/inverters, generators and solar solutions are available to ensure operations can continue amid load-shedding, they are costly. It should
South Africa's Uphill Battle: Struggling to Meet 2030 Emissions Goals
South Africa will fail to meet its binding carbon emissions reduction targets for 2030 under the Paris climate agreement, according to confirmation from three senior government officials. South Africa had pledged to cut emissions to between 350-420 million metric tons by 2030, down from 442 million in 2020. This hinged on decommissioning eight coal power
Uber introduces electric vehicle-based service in South Africa
Uber has made an announcement that it will be soon launching its first electric vehicle-based service in South Africa over the next few months. Previously called Uber Connect, Uber Package enables users to book same-day pickup and delivery of a package within a single geographical area. From December 2023, the company will be switching vehicles
The EnergyDRIVE project introduced children from different provinces to renewable energy
South Africa’s large renewable energy facilities are in fairly remote and rural parts of the country. This means they are not constantly in the public eye, but also that they have the potential to help make rural communities more aware of renewable energy and the issues that drive it. Turning this potential into reality was
Ford to invest R5bn in SA to produce the first-ever hybrid electric vehicle
Ford Motor Company has announced a R5.2 billion investment in its Silverton, South Africa assembly plant to produce the first-ever Ranger plug-in hybrid electric vehicle (PHEV). The investment aims to make Ford's South African operations entirely energy self-sufficient by 2025. Ford also revealed plans to launch nine new models in South Africa over the next
Experian and MTN’s Chenosis announce a partnership to drive financial inclusion in South Africa
In a groundbreaking collaboration, one of South Africa's major credit bureaus, Experian, has partnered with Chenosis, which is a cross-industry Application Programming Interface (API) marketplace and an MTN Platform Company, in order to harness data for advancing financial inclusion in the country. Despite an estimated 25 million credit-active consumers in South Africa, over 20% of
Standard Bank provides facility to combat climate change and improve the lives of rural communities
Standard Bank has recently finalised an agreement to provide financial support to The African Stove Company (TASC) for what is believed to be South Africa's first carbon credit project designed to combat climate change while simultaneously generating positive social impacts in rural areas. This funding facility is aimed at supporting TASC's socially-oriented initiatives. TASC generates
Vodacom has the best deals and more with up to 75% off this Black November
It’s Black November and Vodacom will be offering amazing discounts on everything customers need to stay connected! Whether they are working from home, studying online, gaming or streaming the hottest shows, Vodacom has the right deal for it. Customers can save up to 75% on fixed, home and mobile connectivity deals, and get new offers
The move to hybrid and multi-cloud environments is not a technology destination but genuine business transformation
It's virtually impossible to find a business that doesn't have some degree of involvement with the cloud or hasn't incorporated cloud strategies into its operations. The cloud has undoubtedly revolutionised the business landscape, but it's important to recognise that there is no one-size-fits-all solution. What works best for one business may not be ideal for