Author: Tapiwa Matthew Mutisi

The price of bitcoin climbed back above $40,000 on Wednesday morning, a week after its price tumbles 30% to around $30,000. According to Coin Metrics data, the world’s most popular cryptocurrency was trading at $40,344.50 at 5:24 a.m. ET (11:24 a.m. South Africa) on Wednesday, up over 5% over the last…

Zimbabwean-born telecoms mogul Strive Masiyiwa has been named the first black billionaire in the UK. Masiyiwa, chairman and founder of Econet Group, a telecommunications and technology group with operations and investments in 29 countries in Africa and Europe, appeared on the Sunday Times UK Rich List over the weekend. The Rich List…

Earlier this month, Tesla suspended vehicle purchases using Bitcoin, over concerns about its environmental impact, just a month earlier revealed it had bought the equivalent of $1.5bn (£1bn) of the digital currency. “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which…

Mining Bitcoin and other cryptocurrencies could leave adverse impacts on the environment, some fear. Tesla CEO Elon Musk said, “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” And in what can only be…

Bitcoin and other cryptocurrencies plunged earlier this month after Elon Musk said Tesla would stop accepting bitcoin as payment for its vehicles because of the huge amount of energy needed to mine bitcoin. But Musk might be having a slight change of heart on bitcoin mining. The Tesla and SpaceX CEO tweeted late Monday that he spoke…

Amazon.com Inc is nearing a deal to acquire Hollywood Metro-Goldwyn-Mayer (MGM) Studios, the co-owner of the James Bond franchise and other film and TV series, for between $8.5 billion and $9 billion including debt, according to people familiar with the matter a pact that would turn a film operation founded…

Egypt’s first locally produced electric car is on its way, along with 3,000 of the charging stations needed to power them. Egypt will start manufacturing electric cars in 2022, with an initial capacity of 100 cars during the first year, Public Business Sector Minister Hesham Tawfik said. Production of the…

South Africa’s largest black-owned asset manager, Sanlam Investments, is looking to raise an additional R35-billion for its range of impact funds. The funds aim to make a real sustainable difference to people, communities, and the environment. Impact Funds aim to make a sustainable difference to individuals, communities, and environments. This…

After successful launches in Nigeria and South Africa, Uber has extended their partnership with Moove, Uber’s preferred fleet partner in Sub-Saharan Africa, to provide potential and current Uber drivers in Ghana with long-term access to vehicles. The largest partnership of its kind, the collaboration aims to lower existing barriers to…

Crypto mining operators, including Huobi Mall and BTC.TOP, are suspending their China operations after Beijing stepped up its efforts to crack down on Bitcoin mining and trading, sending the digital currency tumbling. A State Council committee led by Vice Premier Liu He announced the efforts late on Friday – the…

Chinese telecom giant Huawei has been working on a new operating system for smartphones, an alternative to Android for a few years now, dubbed HarmonyOS. We’ve already seen a developer version hit China in recent months, but it looks like Huawei is ready to launch the new mobile platform. HarmonyOS, or Hongmeng…

Aruba, a Hewlett Packard Enterprise company (NYSE: HPE), today announced the market’s first enterprise-grade Wi-Fi 6E solution set – the 630 Series of campus access points (APs), starting with the AP-635*. The latest innovation in Wi-Fi technology, Wi-Fi 6E refers to Wi-Fi devices that operate in the 6 GHz band,…

Makers Landing, a food community, where the brightest minds in food hone their skills and is a development created by the V&A Waterfront in partnership with the National Treasury’s Job Fund, is calling on local food entrepreneurs to apply for its latest cohort incubator programme. Makers Landing Makers Landing is…

Mobile gaming platform Carry1st and developer CrazyLabs have launched an accelerator programme in Cape Town. The accelerator aims to promote African game development. The companies announced CrazyHubs Cape Town on 24 May. “The African continent is latent with potential for great ideas to be transformed into world-class gaming experiences,” CrazyLabs…

The prices of bitcoin, dogecoin, and other digital currencies have plunged more than 40% in recent weeks. While Elon Musk isn’t the only reason for the crypto carnage, he certainly isn’t helping. Whether it’s going on “Saturday Night Live” and joking that dogecoin is a “hustle” or having his epiphany that bitcoin mining may not be…

Cape Town-based AgriTech startup, swiftVEE an agri-platform addressing water scarcity, food security, and market efficiency for the livestock sector has joined forces with South African non-life insurer Old Mutual Insure to launch an industry-first digital solution for the South African livestock buyer and auction market. Titled VeeSure, the digital insurance product is…

Africa’s crypto, wallet, and exchange platform Safcoin will undergo an Initial Exchange Offering (IEO) this month, followed by an international listing in June. SAFCOIN is now available in South Africa, Botswana, Uganda, and Nigeria, for Fiat deposits, transactions, and withdrawals. The startup announced the offering on 13 May. the IEO…

Italian supercar maker Lamborghini has been reticent about going into all-electric vehicles, but it’s now finally breaking from its stance and has announced an upcoming all-electric car in the second half of the decade. For a long time, Lamborghini has dismissed the idea of battery-electric vehicles being an option for…

The University of Cape Town GSB Solution Space, in partnership with ayoba, has entered phase two of their annual E-Track Accelerator Programme and has announced the 10 selected startups to participate in the programme. The accelerator aims to support startups and entrepreneurs across Africa with a three-phase venture acceleration programme.  Eero Tarjanne,…

After months of teasing, and even divulging photos and select specifications of the car, Kia has officially and completely taken the wraps off its first dedicated electric vehicle, the EV6. The sporty crossover is the first of 11 new electrified models promised by Kia globally by 2026. Offered in rear- and all-wheel-drive…