Africa: SMEs Urged to Tap Trade Opportunities in Horn of Africa

Africa: SMEs Urged to Tap Trade Opportunities in Horn of Africa

Nairobi — The government has called on small and medium-sized enterprises (SMEs) to explore emerging business opportunities in the Horn of Africa, citing regional integration as a key driver of economic growth. Speaking during the Global Somali Entrepreneurial Forum in Nairobi, Principal Secretary for MSMEs Development Susan Mang’eni said the region’s interconnected markets offer untapped…

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SARS pays out R10.6bn in refunds as AI upgrades bear fruit

SARS pays out R10.6bn in refunds as AI upgrades bear fruit

SARS commissioner Edward Kieswetter. More than three-quarters of taxpayers have already received auto-assessments, and refunds worth R10.6 billion have been paid out, according to the South African Revenue Service (SARS), as its investment in artificial intelligence (AI) begins to show significant returns. The auto assessments and refunds were processed ahead of the official start of…

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Why financial infrastructure needs to be rebuilt – from the inside out

Why financial infrastructure needs to be rebuilt – from the inside out

Deon Tromp South Africa’s financial services sector is under pressure to modernise – yet few businesses are solving the right problems. While digital banking apps and fintech interfaces have advanced rapidly, the underlying infrastructure often remains fragmented, outdated and over-reliant on rigid integrations. It’s a challenge Omnea knows well – and one the company was…

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Samsung to support black-owned ICT firms under EEIP

Samsung to support black-owned ICT firms under EEIP

This is the third edition of Samsung’s Equity Equivalent Investment Programme. Samsung and the Department of Trade, Industry and Competition (DTIC) have opened applications for the third edition of the Equity Equivalent Investment Programme (EEIP), inviting black-owned ICT and service centre SMEs across South Africa to apply. The South Korean-based electronics giant says the R280…

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