Author: Tapiwa Matthew Mutisi

Twitter Inc.’s new Chief Executive Officer Parag Agrawal is now the youngest CEO in the S&P 500, but apparently just barely. Agrawal, who is a relatively unknown executive was appointed Monday to succeed Twitter founder and CEO Jack Dorsey, is 37, the same age as Meta Platform Inc. CEO Mark Zuckerberg. Citing…

In a press release published on Friday, Japanese multinational conglomerate Panasonic disclosed a security breach after unknown threat actors gained access to servers on its network this month. In a statement released on Friday, the Japanese company said it was attacked on November 11 and determined that “some data on…

Israeli insurtech company LeO has announced that it completed a seed round totaling $5 million, in order to help expand its operations in the U.S. market. The round was led by iAngels, who contributed $1.7 million in cooperation with the Menara Ventures public partnership, which invested a similar amount. LeO…

Japanese car giant Nissan Motor Co. said it plans to invest $17.6 billion to accelerate its electrification plans, as the industry as a whole pivots away from gas-powered autos. Nissan said it will invest 2 trillion Japanese yen over the next five years (just under $17.6 billion) to develop new EVs…

Earlier on we had cited a report from CNBC’s David Faber, that Twitter CEO and Co-founder Jack Dorsey was reportedly going to step down from his executive role at the social media company, now as the day progresses, it’s now official as the company announced on Monday that Jack Dorsey is going…

Zimbabwe has introduced a raft of new tax measures, including a 5% levy on imported dairy products, a US$50 levy on all new mobile phones, and an increase in sin taxes on tobacco as well as energy drinks. This comes as Finance Minister Mthuli Ncube is seeking new revenue streams…

According to CNBC’s David Faber, Jack Dorsey is expected to step down as CEO of Twitter “in the near term” who cited “a number of different people familiar with the situation.” Faber said he doesn’t “know much else” beyond that and wasn’t sure who might be brought in to replace…

Africa Data Centres has appointed Distributed Power Technologies (DPT) formerly known as Distributed Power Africa to provide renewable energy and storage solutions for its data centres across South Africa. The partnership will initiate the deployment of renewable energy generation facilities to meet the more than 10 MW power requirements at…

Back in March this year, Chinese tech giant Xiaomi expressed interest in producing its own EV, and now more news has surfaced regarding the Chinese firm’s new business venture. The company is now undergoing a two-phased construction of its new automotive plant along with building the division’s headquarters, sales, and research offices all…

According to a research note from analyst Ming-chi Kuo seen by MacRumors and 9to5Mac, Apple’s first AR headset will be released in the fourth quarter of 2022. Kuo predicted back in March that the headset would be released sometime next year, and is now also providing more technical information on the device.…

To mark the 60th anniversary of Renault 4L, Renault has introduced a futuristic version of the latter. Partnering with TheArsenale, the automaker has unveiled AIR4, the flying version of Renault 4L. “AIR4 is a symbol of independence and freedom, born out of the realization that traffic is compounding, lives are…

Pinterest on Wednesday settled a shareholder lawsuit alleging that top executives enabled a culture of discrimination. Though financial details of the settlement between Pinterest, a popular social media platform for sharing images, and the shareholder, the Employees’ Retirement System of Rhode Island, were not shared publicly. As part of the…

Instant messaging app WhatsApp has brought in a new feature that allows users to create their own custom stickers within WhatsApp Web, meaning that you are now able to turn your ordinary images from your computer into stickers that can be sent via the messaging service. The company said, the…

Lacework which provides end-to-end cloud security automation for AWS, Azure, and GCP cloud workloads and containers has raised $1.3 billion in a new funding round to bolster its position in the cloud security market, bringing the company to an $8.3 billion valuation. Announced on Thursday, the Series D funding round was…

Edge Growth, through the Engen Convoy Fund, an Enterprise and Supplier Development Fund to promote broad-based black economic empowerment (B-BBEE), has invested in road freight logistics solutions company DKN Transport, a level 1 B-BBEE contributor with a 30% black female shareholding. Headquartered in Johannesburg since 2004, DKN Transport provides road freight…

South African startup integrating hyper-personalization into mobile marketing, Mobiz, has raised a pre-Series A round of $ 4 million from HAVAÍC, Futuregrowth, Launch Africa, Allan Gray E-Squared Ventures, CapaciTech, and Endeavor’s Harvest Fund. The investment comes as the startup is ramping up efforts to expand into the U.S. and double…

For Chinese tech firms, it feels like jumping out of a frying pan into the fire because just when we thought the previous Trump administration was ruthless, and the current Biden administration was going to be quite lenient, oh well, guess we were all wrong cause it doesn’t seem to…

South Korean tech giant Samsung on Wednesday said it would spend an estimated $17 billion in the US to build a new semiconductor manufacturing plant that will produce advanced logic chips. The new plant, to be built at Taylor, Texas, will manufacture chips based on advanced process technologies for mobile, 5G,…

South African fintech investment firm, Crossfin Technology Holdings, has been acquired by a consortium of investors, including Patrice Motsepe’s African Rainbow Capital (ARC), for R1.5 billion. The consortium is led by Ethos’s Mid-Market Fund I and includes the founding Crossfin executive management team, EMMF I co-investors Ethos Artificial Intelligence Fund…

Niantic and a FinTech debit card company called “Fold” have debuted a new game called “Fold AR” and it is an augmented reality (AR) game that focuses on Bitcoin and cryptocurrency. The game is not an NFT title, rather a game that circulates on Bitcoin and earns the top cryptocurrency…