Shares of Zoom Video Communications Inc. skyrocketed as much as 18% on Friday, marking the company’s largest intraday gain since September 2020. The stock rally followed a stronger-than-anticipated sales forecast, signalling that the videoconferencing pioneer is successfully convincing enterprise clients to pay for its broader ecosystem of workplace productivity tools. Read: Google says Gemini Omni…
Renewvia Energy Corp. plans to expand its solar-powered mini-grid business into Uganda, Rwanda, Ethiopia and the Democratic Republic of Congo, as private companies move to close Africa’s electricity access gap. The Atlanta-based company expects the expansion to require about $750 million and deliver about 2.1 million electricity connections. Renewvia Solar Africa Chief Executive Officer Trey…
The United Nations on Monday launched a major expansion of its Nairobi headquarters, with Secretary-General António Guterres and Kenyan President William Ruto marking what officials described as a significant milestone for the Organization’s presence in Africa. The ceremony included the inauguration of new office buildings and the groundbreaking of a new conference facility at the…
Nairobi — The United Nations is making one of its largest-ever infrastructure investments in Africa since its inception besides peacekeeping, with Secretary-General António Guterres expected in Kenya next week to oversee a nearly USD 340 million expansion of its Nairobi headquarters. The Secretary-General will join President William Ruto on Monday, at the United Nations Office…
Mall expansion replaces Pick n Pay kiosks as GoTyme scales hybrid banking. Digital bank GoTyme, formerly TymeBank, is ramping up its expansion into shopping centres, as it accelerates its hybrid ‘phygital’ model built around setting up mall-based customer hubs. The move forms part of a strategic shift in how the ‘neo bank’ engages customers, positioning…
Xiaomi has announced that its primary strategic focus for 2026 is a major expansion of its partnerships with South Africa’s leading mobile operators, including MTN, Vodacom, Telkom, and Cell C. By scaling its postpaid presence, the Chinese electronics giant aims to bring its high-end flagship devices to a broader audience via monthly contract offerings. Read:…
Assad Arabi, TrendAI regional MD for Africa, the Mediterranean and the CIS countries Enterprise cybersecurity firm TrendAI used a customer event in Cape Town on Wednesday evening to announce it has enhanced its data centre facilities in South Africa and is planning further deployments across the African continent. The announcement was made at a gathering…
New product expands Binance derivatives offering, while allowing exposure to traditional assets without ownership. Crypto exchange Binance has introduced TradFi perpetual contracts in South Africa and updated its know-your-customer (KYC) process for users of its futures platform. According to a statement, the new product allows local traders to take positions on traditional assets, such as…
Africa’s electric mobility leader and battery swapping pioneer, Spiro has announced the raising of $50 million in debt funding from Afreximbank and two new investors Nithio and Africa Go Green Fund managed by Cygnum Capital. The new funding follows Spiro’s landmark $100 million investment in October 2025, which became Africa’s largest-ever electric mobility investment. The…
SABC eyes three million registered SABC Plus users by January 2027. The SABC is stepping up its digital strategy with SABC Plus, introducing artificial intelligence (AI), gamification and expanding zero-rated content across the streaming platform. This is in an effort to make public broadcasting more accessible, engaging and inclusive, it says. Dr Vuyo Nyembezi, acting…
