Whether or not the Strait of Hormuz reopens for shipping at pre-war levels following a ceasefire that has repeatedly frayed since June, the damage is already done for millions of African farmers. The blockade, which cut off around a third of the world’s fertilizer exports, set off a severe ripple effect across the continent. Fertilizer,…
A SAPS sting operation resulted in the discovery of devices containing explicit images and videos. (Source: iStock) A 16-year-old Western Cape teenager remains in police custody after he was arrested on charges related to online child sexual abuse material. This, after the matter was postponed to 20 August, for a medical examination by the district…
Graphic: Xsolla Xsolla, a global video game commerce company, today introduced integrated backend solutions for game developers through a founding partnership with AccelByte, a fully managed extensible games backend platform, and opened a closed testing program for a combined solution that pairs AccelByte Gaming Services (AGS) with Xsolla’s global payments and monetization tools. Select developers…
South African security provider CAP is expanding the role of CCTV beyond traditional surveillance, using artificial intelligence to turn existing camera networks into business intelligence tools. Its SmartGuard division, which provides CCTV solutions to more than 400 clients across residential estates, corporate campuses and commercial and industrial properties, currently monitors almost 5,000 cameras. The division…
Market gauges of inflation-adjusted borrowing costs have shot to their highest in more than a decade across major economies as AI companies and governments ramp up bond sales, raising risks for stock markets and the world economy. Real yields are the returns that a bond investor demands above inflation and are an important indicator of…
Dr G.P.A. N.N. Richard. PHOTO/UGC. By SPECIAL CORRESPONDENT The Institute of Global Peace and Conflict Management (IGPCM), a lobby that contributes to the prevention and management of conflicts around the world, has appointed Cameroonian-born, Dr G.P.A. N.N. Richard, as its new liaison officer for Central and East Africa. The appointment, announced on Thursday, is part…
Washington has been stepping up efforts to curb Beijing’s technological ambitions, but from artificial intelligence to electric vehicle batteries, Chinese technology is becoming increasingly embedded in the businesses of some of the world’s biggest companies. Apple has tapped Alibaba and Baidu for AI in China, while Ford has turned to CATL for battery technology. Volkswagen…
Yellow Card, a leading global stablecoin infrastructure provider, today announced the successful closing of a $40 million strategic funding round, with investment from SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and additional strategic investors. The funding will scale Global USD Accounts, Yellow Card’s end-to-end dollar account for businesses, and expand…
Tether remains the dominant stablecoin in South Africa. (Image created by GenAI) Authorised financial services provider BlockTower’s rand-backed stablecoin ZARU has been listed on Luno Global, in what it says is the first institutional-grade rand stablecoin on a regulated crypto exchange. The listing gives the rand an on-chain secondary market on Luno’s exchange. ZARU, which…
Why good African businesses and projects can struggle to cross the funding redline Africa has never suffered from a shortage of ideas. It suffers from a shortage of capital willing to believe in those ideas. Across the continent, entrepreneurs are building businesses, engineers are designing infrastructure, farmers are developing agricultural value chains, innovators are creating…
