Yesterday we reported on WeWork South Africa announcing that there weren’t going to be affected by the company’s woes which seemed to have finally caught up with it. But the questions remains; What could have led to the coworking space company that was once valued at $47 billion (£38bn), been forced to…
Author: Tapiwa Matthew Mutisi
MTN South Africa has paid R1.9 billion in outstanding spectrum fees to the Independent Communications Authority of South Africa (ICASA). This emerged when MTN SA today announced its financial results for the third quarter (Q3) of 2023. In a statement, the telco says in the quarter, its South African subsidiary…
Africa’s biggest mobile network operator MTN Group defied tough operating environments in its markets to deliver solid financial results in the third quarter ended 30 September. The company today announced its financial results for the period, saying it had to grapple with inflation, foreign exchange (forex) volatility, armed conflicts and…
Malawi Communications Regulatory Authority (MACRA) has introduced the Central Equipment Identity Register (CEIR) system to protect mobile devices from theft and fraud. The solution, according to MACRA, will protect mobile phone customers from handset theft, prevent mobile money fraud, and identify counterfeit or cloned mobile devices. In an interview, MACRA…
Discord is changing its approach to file hosting in bid to crack down on malware. BleepingComputer reported that the platform will begin using temporary file links that will expire after 24 hours for user content shared outside of Discord. The change is expected to go into effect by the end…
West African data centre provider, MainOne, has announced the opening of its extended open access, carrier-neutral, Uptime Tier III standards data centre, AB1.2, in Cote d’Ivoire. This expansion seeks to address the growing demand for data processing, storage, and communication in Cote d’Ivoire and Francophone West Africa. Etienne Kouadio Doh,…
The owner of Makro, Game and Builders retail brands, Massmart, has appointed Walmart executive Srividya Pandya as Senior VP for Group e-commerce. According to a statement, Pandya will oversee Massmart’s business-to-business e-commerce strategy across Makro, Game and Builders, and collaborate with store operations teams across the group to ensure a seamless experience…
A global association for the off-grid solar energy industry, Gogla, is calling for applications from African solar businesses, for the second cohort of its Elevate investor readiness programme. According to a statement, Elevate aims to support active locally-owned and -managed companies in the off-grid solar sector to bridge the gap…
According to Forbes, X, the social media site formerly known as Twitter, has been trying to find buyers for user handles it reclaimed from inactive accounts, even going so far as to send out solicitation emails asking for “a flat fee of $50,000 to initiate a purchase.” Elon Musk announced back…
Elon Musk made waves earlier with the establishment of his new venture, “xAI,” focusing on the advancement and research of artificial intelligence technology, and just as he had promised, today Musk proudly announced the inaugural creation from xAI: “Grok.” Musk has accused ChatGPT of being a mouthpiece for the “woke”…
Chinese electric carmaker Nio plans to cut 10% of its workforce amid “fierce competition,” CEO William Li said Friday, and these job cuts will be completed by November. In a letter Li told employees that; “The coming two years will witness the most intense competition during the transformation of the automotive industry…
Funds and Electronic Transfer Solutions (Fets), a leading provider of innovative payment solutions and UnionPay International (UPI), a world leader in payment services, have announced an alliance to issue virtual cards via the Fets app in order to increase UPI card issuance in Nigeria. This partnership offers a full range…
Just after recently been authorized to operate in Zambia, Starlink, the satellite internet network by U.S. company SpaceX, announced on Friday, November 3, the availability of its services in Benin. This marks the 7th African country to access the commercial services of billionaire Elon Musk’s company, following Nigeria, Mozambique, Zambia,…
The Milken Institute and the Motsepe Foundation has revealed the five teams who will compete in the final round of the Milken-Motsepe Prize in Green Energy scheduled for 2024. Based on a comprehensive review of real-world data, an independent panel of professional judges selected the five final teams. The teams…
Airtel Kenya and Safaricom announced this week they are expanding 5G coverage across 35 counties. Kenya’s counties are geographical units and the East African country has 47 of them. Now, Bomet, Busia, Isiolo, Kitui, Mandera, Migori, Tharaka-Nithi, Trans Nzoia, Homa Bay, West Pokot, Embu, Kirinyaga, Muranga, and Turkana are among…
Zimbabwean government-owned telecoms company, TelOne, has committed $2.4 million in the most recent upgrade of its broadband network, allowing it to increase capacity and reduce connectivity latency. This is despite the fact that legacy loans and network vandalism affecting 30 000 subscribers continue to be big drain on profitability. TelOne…
X will no longer pay creators for posts promoting misinformation. Elon Musk said the company is making a “slight change” to its monetization program and that posts that are fact-checked via community notes will no longer be eligible for payouts as part of X’s revenue-sharing program. The update appears to…
We’ve been reporting and hearing rumblings about Elon Musk’s new AI venture, xAI, for months, and now it looks like it’s almost here. The Tesla CEO and noted social media guru just took to Twitter/X to proclaim that his AI venture will launch its first model tomorrow, November 4. This is a…
Apple posted its fourth consecutive revenue loss for the quarter ending in September, with $89.5bn in revenue – a 1% decrease from the previous quarter. The decline was not unexpected, though the total quarterly revenue beat Wall Street predictions of $89.28bn. Apple did enjoy $43.81bn in iPhone revenue and $22.3bn in services…
Vincent Maher, MultiChoice’s Group Executive for Digital, has left the company, and his last day was 27 October 2023. Maher said on LinkedIn post; Today is my last day at MultiChoice Group, and like any ending, it is also a new beginning. The past five years have been an amazing adventure…