Tesla’s market valuation hit and then surpassed the $1 trillion mark Monday, a milestone reached by the company 11 years after it became a publicly traded company. It also puts Tesla in select company with Apple, Amazon, Facebook and Google, all of which have market caps above $1 trillion. Tesla met the $1 trillion market…
Spanning 54 countries, Africa is a powerhouse in the world of natural resources and innovation. Resources like diamonds, sugar, gold, uranium, silver, oil, and petroleum famously make Africa and investments in Africa very lucrative. Oil being an invaluable commodity, its production puts countries like Nigeria and Egypt at the top in terms of Gross Domestic…
Mastercard has appointed Gabriel Swanepoel as the new Country Manager for Mastercard in South Africa. This serves as a promotion from his current role as the VP of Business Integration for Mastercard, Southern Africa. As country manager, Swanepoel is responsible for further driving the company’s strategic vision, innovation and growth agenda, and building on its…
Bitcoin grabbed all the headlines in the crypto world last week marking a new all-time high but ended the week with the slump. But the surge in investor excitement doesn’t seem to have faded just yet. The world’s most popular cryptocurrency opened Monday’s trade at Rs. 47,36,579 (roughly $63,236) rising by 1.41 percent over the…
YouTube is rolling out a designated “New to you” tab on its platform after testing the feature earlier this year. The new tab is now available on the YouTube homepage across mobile, desktop and TV devices. YouTube says the feature will help users discover new creators and content beyond the recommended videos they usually see. The new…
Y Combinator-backed Nigerian agri-tech startup Vendease has raised US$3.2 million in seed funding to expand operations and build out its technology. Founded in January 2020 by Tunde Kara, Olumide Fayankin, Gatumi Aliyu and Wale Oyepeju, Vendease helps to solve food supply chain problems by digitising procurement processes, storage operations and logistics, and offering flexible payment systems to…
Co-Creation Hub (CcHub), the Lagos-based hub, accelerator and investor that has been expanding across Africa of late, has launched its new Seedr programme, the first edition of which will take place in Namibia. CcHub has been on an expansion charge in the last couple of years , and now claims to be the “largest innovation…
South African online student accommodation marketplace DigsConnect has entered into an agreement with the world’s largest student accommodation site, Student.com, enabling the startup to expand its presence to approximately 30 new countries and 400 new cities in the next six months. Launched in 2018, the DigsConnect platform allows landlords, estate agents and property managers to post their property…
South African clean-tech startup Brayfoil Technologies has been selected to take part in the Katapult Ocean accelerator, in addition to securing an undisclosed amount of funding from the Norway-based ocean impact investor. Formed in 2017, Brayfoil Technologies uses biomimicry-inspired compliant structures that change shape like bird’s wings to enable larger wind turbines and lower the cost of…
After two years of operation, DHL Africa is shutting down its pan-African online retail platform, e-Shop, at the end of the month. “We are no longer accepting orders and this service will be closed effective October 30th, 2021. All orders in process will be shipped or refunded. Sorry for any inconvenience this may have caused,” a…
APO Group, a leading Pan-African communications consultancy has announced a multi-year strategic partnership with the South African Broadcasting Corporation (SABC), providing the public broadcaster with sports content from the whole of Africa and bringing sporting stories from the rest of the continent to South African audiences – much of it for the first time. SABC…
Based in Cape Town, South Africa, Skrmiish, a gaming technology startup, has launched an app embedded with BTC blockchain to enable gamers to play and win cash. The Skrmiish app allows the creation of competitive gaming experiences for fun, rewards or cash. Its current innovation, the patented Layer-2 Bitcoin cryptocurrency digital wallet, was developed in…
During the month following its release, Squid Game, a South Korean survival drama TV series, became Netflix’s biggest show, with more than 111-million viewers. Following this unprecedented demand from viewers, cybercriminals were not shy in taking advantage of fans’ eagerness to watch the show, with well-known fraud schemes hitting the web themed after the series. Experts from…
Zoom has now extended its live translation feature to all users — free and paid. The feature that auto-generates closed captions or live transcription during video calls was earlier only available to paid Zoom Meetings users. The option to enable subtitles will be available for Zoom video calls and as well as webinars. The San…
Mastercard has sealed a multifaceted partnership with Bakkt to enable buying, selling and holding cryptocurrency, likewise delivering unique, crypto-centric loyalty opportunities, and streamline issuance of branded crypto debit and credit cards to its customers. This partnership makes it easier for merchants, banks and fintechs in the U.S. to embrace and offer various cryptocurrency solutions and…
Nigeria on Monday became the first African nation to launch a digital currency – the eNaira – a move its leaders said will expand access to banking, enable more remittances and even grow the economy by billions of dollars. Africa’s most populous nation joins the Bahamas, the first to launch a general purpose central bank…
Google has today launched the Global Initiative for Excellence in Journalism Education to enhance journalists’ training in Africa. The announcement was made during the inaugural Google News Initiative (GNI) for Africa virtual event that started on Monday 25 October 2021 and will end on Friday 29th October 2021. The initiative to support journalism training will…
Tesla, the major electric vehicle manufacturer headed by Dogecoin (DOGE) proselytizer Elon Musk, has hinted that it may soon look to restore support for crypto payments. In a September quarterly filing with the United States Securities and Exchanges Commission, the firm stated it “may in the future restart the practice of transacting in cryptocurrencies,” which suggests Tesla…
There are a number of reasons a business needs investments, these investments could be in the pre-seed, Series A or B and regardless of whatever stage the business is operating, the major reason for seeking investor’s funding is usually for expansion purposes. This expansion could be in the line of products or the need to serve more…
Substantial increases in startup activity and a massive inflow of capital has seen the Egyptian startup ecosystem establish itself as one of Africa’s “big four” within a relatively short period of time, with the sector’s development aided by proactive government and a strong local startup support system. That is according to the newly-released Egyptian Startup Ecosystem…
The World World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in its 2021 fiscal year 2021, a new report has revealed. A list of debarred individuals and firms was presented in a new annual report titled World Bank Group Sanctions System FY21. The debarments were made by…
WhatsApp is reportedly getting a new method to view a business account’s status update. As per a new report by a WhatsApp features tracker, users can view a business account’s status updates by tapping the profile picture in the ‘business info’ page. The feature is currently being released for beta testers and is expected to…
US electric car maker Tesla on Sunday rolled back the latest version of its Full Self-Driving (FSD) beta software, less than a day after its release, after users complained of false collision warnings and other issues. The setback comes as Tesla is under regulatory scrutiny over the safety of its semi-autonomous driving technology, which it calls “FSD.” “Seeing some…
According to sources, PayPal has made an offer to buy digital pinboard site Pinterest for $45 billion. It would be the largest social media acquisition ever, topping Microsoft’s $26.2 billion acquisition of LinkedIn in 2016. According to one of the sources, PayPal has offered $70 per share, largely in stock, for Pinterest. According to the…
The Centre has defended in the Delhi High Court the legal validity of its new IT rule requiring messaging apps, such as WhatsApp, to “trace” the first originator of the information, saying that the law empowers it to expect such entities to create safe cyberspace and counter illegal content either themselves or by assisting the…
Facebook is rolling out a new Group Effects feature on Messenger video calls and Messenger Rooms. Group Effects bring new AR filters and effects that can be applied to everyone on a video call, at the same time. These Group Effects will be rolled out soon to Instagram, Facebook says. The social media giant says…
The Internet of Things (IoT) sums up a collective web of interconnected smart devices all running through the internet across each other to a central information hub, working together in unison. IoT has become a buzz term in regards to the future of technology in recent years as the internet becomes more and more connected…
MTN Group has been featured on Forbes’ World’s Best Employers List 2021 where it reached the rank of 132, effectively making it the top African employer in the world, according to Forbes. It is also one of the only African companies featured on the list that is topped by South Korean Samsung Electronics, followed by…
The African Development Bank has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a study into economic, religious, and social factors hampering access to finance for women in northern Nigeria. According to a statement, the research, which includes a feasibility study,…
Vodacom has announced that it is planning to run another edition of the #CodeLikeAGirl programme before the end of this year as it attempts to cater for the huge demand of girls and young women who subscribed for the first iteration of the programme. “The Vodacom #CodeLikeAGirl initiative is growing in popularity and is starting…