Amazon and Google introduced a jointly developed multi-cloud networking service on Sunday to meet growing demand for reliable connectivity, the companies said in a statement, at a time when even brief internet disruptions can cause major outages. The initiative will enable customers to establish private, high-speed links between the two companies’ computing platforms in minutes…
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A retail CBDC is defined as a purely digital banknote, denominated in the national unit of account, says SARB. The South African Reserve Bank’s (SARB’s) position paper on a retail central bank digital currency (CBDC) in South Africa has concluded there is no compelling immediate need for its implementation. In a statement, the central bank…
Nairobi — The African Union and its partners have endorsed the creation of a continent-wide regulatory network to strengthen oversight of veterinary medicines, following a three-day consultative meeting in Nairobi. The initiative, led by the AU Inter-African Bureau for Animal Resources (AU-IBAR) and the AU Pan African Veterinary Vaccine Centre (AU-PANVAC) with support from GALVmed,…
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…
Apple is preparing to enter the low-cost laptop market for the first time, developing a budget Mac specifically aimed at pulling customers away from Chromebooks and entry-level Windows PCs. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Supersonic plane takes flight! This new machine, currently code-named J700, is in active testing and early production. It…
Romeo Kumalo, the former Vodacom Group executive and co-founder of LLH Capital Ltd., plans to raise a $200 million private equity fund to invest in artificial intelligence-focused companies across Africa. The move follows LLH Capital’s profitable exit from Optasia, the fintech and AI platform that debuted on the Johannesburg Stock Exchange this week with a…
Discovery Group CEO Adrian Gore Discovery Group has unveiled Vitality AI, a new artificial intelligence platform developed in partnership with Google, designed to make millions of people healthier through personalisation and data-driven insights. Vitality AI will be made available to Discovery’s South African customers and offered in the other markets around the world where it…
Just weeks after announcing that it plans to launch a nationwide, high-speed electric vehicle charging network in South Africa, China’s largest car maker by sales, BYD, has announced it will launch another plug-in hybrid EV in the local market. The BYD Sealion 5 is a plug-in hybrid compact crossover SUV that pairs a 1.5l petrol…
Luanda, Angola — 29 October 2025 The Alliance of African Multilateral Financial Institutions (AAMFI) and the African Union Development Agency-NEPAD (AUDA-NEPAD) have jointly announced the establishment of the AAMFI Infrastructure Financing Facility for African Union Development projects, a major initiative to accelerate infrastructure development across Africa. The announcement was made during the Luanda Infrastructure Financing…
