Carlos Barria/Reuters Google has committed R688-million to support South Africa’s under-pressure media industry, alongside a separate initiative aimed at fostering its long-term growth. This follows the release of the media and digital platforms market inquiry final report by the Competition Commission on Thursday. It marks an about-turn from earlier this year, when the US search…
Gaby Magomola Digital bank Revolut has appointed former African Bank CEO Gaby Magomola as chairman of its South African subsidiary, all while the digital challenger pursues a formal banking licence with local regulators. In a statement on Friday, Revolut said it has submitted its “section 12” application to the Prudential Authority of the Reserve Bank…
The rise of genAI tools has introduced new risks. AI adoption is exploding across Africa, but without proper readiness assessments and controlled adoption, it can present new risks to organisations. This is according to Kejendree Pillay, Microsoft Portfolio Manager at First Distribution, one of the leading Microsoft CSP distribution companies across Africa. Speaking during a…
The saying “Nothing Without Us is for Us” is a powerful reminder that lasting solutions can only emerge when those most affected are included in shaping them. This call for inclusion resonates deeply as Africa prepares to participate in key global policy spaces such as the 11th Conference of the Parties (COP11) to the WHO…
The UN Secretary-General called on Wednesday for action to prioritize Africa, urging the world not to turn its back on the continent. António Guterres was speaking at UN Headquarters in New York following the ninth conference between the global body and the African Union (AU). The high-level talks focused on progress in implementing cooperation frameworks…
COP30 officials group photo. PHOTO/UN. By PATRICK MAYOYO [email protected] As the world prepares for the 30th United Nations Climate Change Conference (COP30), the African Development Bank Group (AfDB) is piloting several innovative financial instruments to help African countries address the escalating impacts of climate change. The main objectives for COP30, which will be held in…
Project Kuiper terminal on a rooftop. Image: Amazon Amazon is moving closer to establishing a physical footprint for its Project Kuiper satellite internet network in Africa, advertising for a new technical business development manager focused on acquiring and developing ground infrastructure sites across the continent. And it’s specifically indicated it’s looking for South African talent….
The African continent has, since its demarcation, grappled with a wave of coups and insurgencies, with several regions struggling to combat the emergence of Islamic terrorist groups. For decades, countries such as the Democratic Republic of Congo, Somalia, and Burundi have endured the presence of rebel groups a reality that continues to hinder their economic…
A quiet but consequential contest is playing out in the global financial architecture. One that could determine Africa’s ability to finance its own development. In recent months, powerful voices from the International Monetary Fund (IMF), the Paris Club and US investment bank JP Morgan have questioned the preferred creditor status of African multilateral development finance…
Nairobi — Low insurance penetration and high premiums are leaving millions of Kenyan and other African farmers exposed to climate shocks, industry players have warned, highlighting a growing disconnect between agriculture’s contribution to GDP and its insurance coverage across the continent. Speaking during the Africa Reinsurance Climate and Insurance Workshop, Phocas Nyandwi, Regional Director at…
