Technology

World

African Capital Markets Update: Positive Outlook Despite Contrasting Performance - Challenges Ahead

In the past week, the All-Share Index rose 7.59%, ranking the best performing stock market in Africa. The bourse registered growth on the back of a remarkable 17% surge in the Utilities sector, primar

Apr 04, 2023
World
Realization of a New Model for Large Organizations Facing Breakup Pressures

Companies that compete with newly public companies may run the risk of adopting the approach. Investors moving into the new standalone entities may cause a decline in demand for shares of purer plays

 Apr 03, 2023
Zimbabwe
Microsoft Expands Its Translation Services to Include 13 African Languages, Including Shona

By utilizing the most recent neural machine translation (NMT) strategies, Microsoft has steadily expanded the number of languages and dialects that are supported by its Translator service. Machine tra

 Mar 31, 2023
Technology
Inflation-Proof Stable Coins a Possible Hedge for Bank Failures

Tether and USD Coin are two examples of stablecoins that are supported by physical assets like cash and bondsThe Securities & Exchange Commission last week formally announced its intention to pursue a

 Mar 28, 2023
Zimbabwe
US$1bn Floating Solar Farm In Kariba Proposed by Chinese Firm

Due to low water levels and insufficient ability to generate enough electricity to fulfil demand, Zambia now has a deficit of electricity. To prevent a power catastrophe, according to Hichilema, the n

 Mar 27, 2023
World
Biden's Economic Report Criticizes Cryptocurrencies For Lacking a Fundamental Value

The report made no recommendations for immediate action. Regulators, though, don't require a starting pistol. Some agencies, including the Securities and Exchange Commission, have already begun taking

 Mar 24, 2023
World
African Markets Update: Unlocking the Mystery of Third World Economies' Record Stock Exchange Results

The Zimbabwe Stock Exchange is currently the best performing stock market in Africa, with a year-to-date return of 34.67% in USD terms, and 83.41% in inflation-adjusted ZWL. Typically, the stock mark

 Mar 21, 2023
E-Livestock Global in Zimbabwe Sets Out Ambitious Expansion Aspirations For its Agri-Focused Data Platform

The startup utilises a double revenue model based on an initial tag sale of US$2 and a modest annual subscription fee of US$1 for the core system from the start of year two. This model may vary by geo

Mar 20, 2023
The Jewel of Africa: How Zimbabwe Can Usher in a Gargantuan Economic Boom

To attract cell manufacturers, the government should establish a fast-track process for permitting and land leasing; make loans, grants, and guarantees to overcome capital limitations; and encourage a

Mar 20, 2023
Fintech Momentum to anchor African economy in 2023

Fintech departures also increased in 2022, a sign of the industry's maturation. There were several notable merger and acquisition (M&A) deals last year, including the acquisition of Orchestrate, a pay

Mar 17, 2023
The White Gold Rush: China and the lust for Zim’s Lithium

Africa is home to 30% of the world’s mineral reserves and holds 40% of the world’s gold and at least 90% of its chromium and platinum. It also has the largest reserves of cobalt, platinum, uranium and

Mar 15, 2023

African Markets Update-NGX's Roar Through SVB's Dark Night

The market has been relatively flat (0.33% gain) during the past week; however, the Energy sector has seen a significant drop of 5.4%. in the 4-week period there has been gain of 2.62%, and an overall

Mar 14, 2023

Power Challenges in South Africa Dampen Multi-choice’s Performance

Multichoice, which last week announced a major deal with NBC Universal and Sky relating to its streaming business, Showmax, has painted a gloomy outlook for the 2023 financial year

Mar 14, 2023

Remittances To Zim From SA to be Bolstered by New SARB Payment System

In partnership with the South African Reserve Bank (SARB), BankservAfrica introduced PayShap, a revolutionary speedy payment method that is anticipated to transform small-sum transactions in South Afr

Mar 13, 2023

Cryptocurrency Failure Raising Doubts About Zim’s Central Digital Currency Provision

Last year they notified us that they will be carrying out consultations and a consumer perception survey. When the survey came, the RBZ said it had to be filled out by the 7th of December. If you miss

Mar 10, 2023

New A.I-Powered Approach to Offset Revenue Losses Driven Forward by Poaching

This article will explore how a new A.I.-powered system would support Zimbabwe's wildlife business against the backdrop of widespread wildlife poaching. A smart camera created by a Dutch technology co

Mar 06, 2023

Microsoft Plans to Expand Internet Access in Africa

By 2025, 20 million more individuals in Africa will have access to the internet thanks to a collaboration between Microsoft and Liquid Intelligent Technologies. Microsoft's Airband Initiative, which a

Mar 03, 2023

2023 Monetary Policy : To weaken the horticultural industry's resurgence

Horticulture incentives were suspended as part of the measures included in the 2023 monetary policy, and this act will further impair the momentum the horticulture sector had accumulated over the prev

Mar 03, 2023

Twitter Continues to Eliminate Product and Engineering Employees to Reduce Costs

Following his $44 billion acquisition, Musk cut more than 3,700 people at Twitter, or half of the company's employment, in 2022 in an effort to reduce costs.The firings came after Twitter made cuts to

Feb 27, 2023