A report by the Coalition for Disaster Resilient Infrastructure (CDRI), a global coalition dedicated to enhancing the resilience of infrastructure systems to climate and disaster risks, has put the average annual loss of infrastructure, including buildings caused by disasters in Africa, at $12.7 billion. According to the report, of the damage, 70 per cent is…
African Export-Import Bank (Afreximbank) and Shelter Afrique Development Bank (ShafDB) have signed a groundbreaking Joint Project Preparation Facility (JPPF) Framework Agreement. This strategic partnership aims to unlock a cumulative investment value of at least US$1 billion and is set to significantly transform housing and urban development across the continent and boost trade and investment. Signed…
A smartphone with the logo of U.S. artificial intelligence company Cognition AI Inc. Timon Schneider | SOPA Images | Sipa USA | AP Cognition, the artificial intelligence startup that acquired Windsurf in July, said on Monday that it closed a $400 million funding round at valuation of $10.2 billion, which includes the fresh capital. The…
Anthropic, the company behind the Claude chatbot, has agreed to a record-breaking $1.5 billion settlement to resolve a class-action piracy lawsuit brought by more than 500,000 authors. The payout is the largest ever for a copyright case in the United States and sets a major precedent for the AI industry. Read: Study finds signs of…
In Ukraine, where war is currently going on with Russia, community mental health teams are providing mental health care to affected families. PHOTO/WHO/Christopher Black. By HEALTH CORRESPONDENT [email protected] More than 1 billion people are living with mental health disorders, according to new data released by the World Health Organisation (WHO), with conditions such as anxiety…
More than a billion people worldwide are living with mental health conditions, according to new data released by the World Health Organization (WHO) on Tuesday. Disorders such as anxiety and depression are exacting a heavy toll on individuals, families and economies, yet most countries are failing to provide adequate support. Mental health problems are widespread…
The global health body described suicide as a devastating outcome of mental health conditions, which claimed an estimated 727,000 lives in 2021. The World Health Organisation (WHO) says more than one billion people are currently living with mental health disorders, making it one of the most pressing public health challenges worldwide. The figure, published in…
Africa remains at the epicenter of the global water crisis, as a new United Nations report has revealed that more than two billion people worldwide still lack access to safely managed drinking water. The joint study by the World Health Organisation (WHO) and the United Nations Children’s Fund (UNICEF), released Tuesday, warned that despite progress…
Perplexity AI has made a US$34.5 billion all-cash offer to acquire Google’s Chrome browser, a move that would provide the AI startup with access to billions of users and a significant advantage in the AI search race. The offer, which is well above Perplexity’s own valuation, comes at a time when regulatory pressure threatens Google’s…
Nedbank has acquired Durban-based payments fintech iKhokha in an all-cash deal valued at R1.65 billion. This acquisition is a significant move for Nedbank, as it looks to strengthen its support for small and medium-sized enterprises (SMEs) in South Africa. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: iPad Pro and VR? “The acquisition is a…
