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Electric car sales are increasing rapidly
Global EV sales increased by 53% year on year in 2022, reaching over 10.2 million units. According to Counterpoint's Global Passenger Electric Vehicle Model Sales Tracker, battery EVs accounted for 72% of all EV sales in Q4 2022, with plug-in hybrid EVs (PHEVS) accounting for the remainder. According to Research Analyst Abhik Mukherjee, EV sales
Namibia registers growth in mutton & lamb export
Information coming from Namibia is that since its reopening in the second half of 2022, the Farmers’ Meat Market export abattoir in Mariental, Namibia, has processed payment of R10,9 m, excluding VAT, to 46 sheep producers in that country. The Namibia Agricultural Union (NAU), the price averaged R91,60/kg for lambs weighing an average of 17,9kg.
The Predominance of Biases in AI
The year 2022 may be remembered as the year that generative AI burst onto the scene, producing enormous ripples in the digital community. Criticism and reaction are unavoidable with the introduction of any new game-changing technology, in this instance, the incredibly sophisticated algorithms powering picture and text generating systems such as ChatGPT and DALL-E. Nonetheless,
AI isn't quite ready to take over McDonald's jobs yet
While many people are concerned that artificial intelligence (AI) could eventually replace humans in various vocations, there is one apparently simple duty where the technology currently falls short – accepting McDonald's drive-thru orders. According to ZDNet, multiple users have written on TikTok about how the AI-powered robot at McDonald's locations in Chicago got their orders
South Africa’s greylisting to also stifle job creation plans
The effects of greylisting in South Africa will be felt in various sectors of the economy and that includes job creation, according to Youth Employment Service (YES) CEO Ravi Naidoo. South Africa has been greylisting by the Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, and this will stifle the
Researchers warn that scammers can use ChatGPT-powered Bing Chat to commit fraud
Researchers in cybersecurity have uncovered a new method for scamming consumers that involves "indirect prompt injection" with Microsoft's Bing AI language model. Hackers can get the language model to ask victims for personal information when interacting with it by placing a prompt on a web page in 0-point font. When someone asks a question, the
5G is increasing much quicker than 4G
In terms of worldwide user penetration rates, 5G's achievements in its first three years of operation are equal to what 4G accomplished in its first five years. According to Peng Song, Huawei's president of ICT strategy and marketing, the technology will find even more success if its worth is recognised in the ToC, ToH, and
ACSA says fuel shortage has eased at Cape Town International
Media reports suggest that the jet fuel supply crunch at Cape Town International Airport has seen some improvement over the past 24 hours. This comes after talks that continued late into Friday night between fuel suppliers and airlines, Airports Company South Africa said on Saturday. A major fuel supplier has also since advised that production
Apple to release an M3-powered iMac in 2023
With Apple preparing to announce new laptops and desktops, Bloomberg's Mark Gurman predicts that the company will release an M3-powered iMac in 2023. The Cupertino-based tech company's latest iMac is nearing completion, and Apple is presently running production testing on the desktop Computer. “We also know that Apple has developed the next iMac on the
Nedbank predicts SA recession & lower growth in 2023
Nedbank believes South Africa has likely entered a recession and this is due to the rolling power cuts. The banking institution is among the country’s big-six banking groups, and it estimates that GDP in the final quarter of 2022 shrunk by 0.4%. Nedbank says this following intensified rolling power cuts weighing on productivity and a
University of Johannesburg says its electric buses are locally assembled
After purchasing electric buses, the University of Johannesburg says the vehicles are assembled locally. BusinessTech Africa recently posted that UJ purchased two battery electric buses to ferry students between its various campuses. The decision to roll out the buses follows a test period last year during which the university used a similar demonstration vehicle as
<a>MTN registers growth in Uganda as it boasts 17.2 million subscribers</a>
Mobile telecoms operator MTN has registered massive growth in Uganda as it is the fourth-biggest market of Africa's largest mobile operator. BusinessTech Africa has discovered that MTN Uganda has grown its profits by almost a fifth in its 2022 year, benefiting from a network rollout as well as strong demand for its data and fintech
Top 10 Business Tech Startups in Africa to Watch in 2023
As the technology startup scene in Africa continues to flourish, entrepreneurs are developing groundbreaking solutions to tackle the region's distinct obstacles. Looking towards 2023, numerous African startups warrant close attention, particularly those specializing in fintech, tech-enabled logistics, and innovative payment solutions. This article will showcase the top 10 African business tech startups to keep an
The Future of Business Tech in Africa: Trends and Insights
The business landscape in Africa is undergoing a rapid transformation with the integration of advanced technologies such as entrepreneurship, cryptocurrency, robotics, cybersecurity, artificial intelligence, and blockchain. These technologies are playing a critical role in shaping the future of entrepreneurship, enabling African entrepreneurs to operate their businesses with greater efficiency and effectiveness than ever before. Cryptocurrency
Human trials for Elon Musk's brain implant startup Neuralink, denied by the US regulator
According to Reuters, the US Food and Drug Administration (FDA) has denied Elon Musk's business Neuralink's proposal to undertake human trials using its medical implants in 2022. The rejection was revealed to the journal by seven current and former workers of the firm, which hopes to treat ailments such as paralysis and blindness using brain
Meta reduces the cost of VR headsets
According to a source familiar with the situation, Facebook parent Meta Platforms Inc. reduced the price of certain of its Quest virtual reality headsets, including its high-end mixed reality device, since demand was lower than expected. The Meta Quest Pro, the firm's headgear intended for business customers that was revealed last autumn, will cost $1,000
Nature reserves and nearly 600 schools benefit from Huawei's Tech4All project
During the 2023 Mobile World Congress in Barcelona, Huawei and many Tech4All partners highlighted the most recent findings and practises on the digital inclusion and sustainability campaign. Since its inception in 2019, the Tech4All initiative has benefitted over 600 schools throughout the world, as well as over 220,000 K12 teachers and students in rural regions.
Huawei partners with Botswana’s Debswana & announce 5G-inspired project
Chinese technology company Huawei has joined forces with Botswana’s Debswana Diamond Company and announced the first 5G-inspired smart diamond mine project. The partnership was announced at the 2023 Mobile World Congress in Barcelona, Spain. The diamond mining company uses the Huawei-enabled system at its Jwaneng open-pit diamond mine as it began in December 2021. It
IDC seeking new CEO as Tshokolo Nchocho is set to step down
The Industrial Development Corporation is searching for a new CEO following the expected departure of Tshokolo Nchocho. The hunt comes after the state-owned development finance institution announced that Nchocho is set to step down as CEO and executive director on December 31, 2023. In a statement to the media, the IDC said Nchocho joined the
SAB promises that a very small number of jobs will be lost in South Africa
The South African Breweries has announced that it is planning to implement retrenchments and it’s reported that could affect 40 jobs. SAB is the local unit of global brewing giant Anheuser-Busch InBev (AB InBev) and has embarked on a retrenchment process at its local operations that could affect some 40 jobs. A local news website