The total transaction value increased from $775.7 billion in 2020 to $1,980.6 billion in 2024. Over $1.9 trillion worth of instant payment transactions took place in Africa in 2024, according to the State of Inclusive Instant Payment Systems (SIIPS) Report released on Thursday. The annual report, produced by the AfricaNenda Foundation in partnership with the…
Commodity markets are helping to stabilise the global economy. PHOTO/Pexels/Kamaji Ogino. By BUSINESS CORRESPONDENT [email protected] Global commodity prices are projected to fall to their lowest level in six years in 2026, marking the fourth consecutive year of decline, according to the World Bank Group’s latest Commodity Markets Outlook. Prices are forecast to drop by seven…
A powerful 6.3-magnitude earthquake struck northern Afghanistan early Monday morning local time, according to the USGS and local authorities, sparking fears of mass casualties and the need for a response. “Based on initial information, the magnitude of the earthquake was more than 6, and the epicenter was in the Nakhchir district of Samangan province,” the…
The World Bank Group has projected global commodity prices to fall to lowest level in six years in 2026, marking the fourth consecutive year of decline. According to its latest commodity markets outlook, the organisation forecast prices to drop by seven percent in both 2025 and 2026, driven by weak global economic growth, a growing…
Microsoft CEO Satya Nadella departs following a meeting of the White House Task Force on AI Education in the East Room of the White House in Washington on Sept. 4, 2025. Eric Lee | Bloomberg | Getty Images Microsoft was hit with outages in its Azure cloud and 365 services on Wednesday, hours before the…
Cairo, Egypt — Africa’s multilateral lender, African Export-Import Bank, marked the end of an era as President and Chairman of the Board, Professor Benedict Oramah, concluded his decade-long tenure with a legacy conference in Cairo attended by over 2,000 dignitaries, including African heads of state, business leaders, and policymakers on Friday. Oramah, who took office…
AWS is observing early signs of recovery for some impacted AWS services. Cloud computing platform Amazon Web Services (AWS) has suffered a global outage that is affecting users. Providing updates on the AWS Health Dashboard, the company says it is investigating increased error rates and latencies for multiple AWS services in the US-EAST-1 region. “This…
U.S. President Donald Trump’s renewed threat to impose a 100% tariff on all movies produced outside of the country could upend the global industry — and deliver a heavy blow to Britain’s already fragile sector. The White House leader first announced duties on movies produced outside the U.S. in May this year. He than reiterated…
Dr Stanley Mpofu, CIO of Wits University. The University of the Witwatersrand has confirmed its Oracle E-Business system has been hit by a cyber attack that has compromised its system in multiple countries. “This is a ‘zero-day’ event − a cyber attack which exploits a software vulnerability that is unknown to the software vendor and…
A ransomware group has claimed that it has successfully attacked the Methodist Church of Southern Africa (MCSA) and is demanding a ransom payment, TechCentral has learnt. The church fell victim to the apparent attack earlier this month, with some details – though not the entire leak – published on the dark web on 2 October…
