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Africa

Africa: NCA Supports 28th Asea Annual Conference to Drive Africa’s Capital Market Growth

eriinfo.com2 days ago02 mins

Kigali — “As NCBA, we are proud to support the ASEA Annual Conference. Our participation reflects our commitment to strengthening Africa’s capital markets and partnering with institutions that drive sustainable economic growth,” said NCBA’s managing director Maurice Toroitich. In alignment with the conference’s focus on innovation, regional integration, and sustainable finance, NCBA emphasized its commitment…

Africa

Africa: Nigeria-West Africa Grid Synchronisation to Boost Regional Electricity Market – Minister

eriinfo.com2 days ago07 mins

Mr Adelabu said the synchronisation will enable the country to optimise generation costs, deepen industrialisation, strengthen regulatory oversight, and expand its leadership in the Economic Community of West African States (ECOWAS) energy landscape. The Minister of Power, Adebayo Adelabu, on Wednesday said Nigeria has successfully conducted a grid synchronisation test connecting the national electricity grid…

Africa

Africa: Woodford Reserve Debuts in Kenya, Targeting East Africa’s Premium Whiskey Market

eriinfo.com5 days ago03 mins

Nairobi — Woodford Reserve, the small-batch Kentucky bourbon produced by Brown-Forman, has officially launched in Kenya, marking the brand’s strategic entry into the East African premium-whiskey market. The debut coincided with a Nairobi event celebrating Old Fashioned Month on November 6, part of a global initiative highlighting the classic cocktail. David Mutunga, Brown-Forman’s East Africa…

MTN SA posts solid post-paid gains as prepaid stalls in fierce market battle

eriinfo.com6 days ago05 mins

MTN South Africa increased the number of post-paid customers on its network in the third quarter of its 2025 financial year, growing the figure by 7.3% year on year to 4.6 million. The prepaid side of the business painted a different picture entirely, however, with the number of prepaid subscribers declining by 0.4% as competition…

AI could cause quiet labor market

eriinfo.com6 days ago04 mins

Artificial intelligence could be increasing worker productivity so much that companies slow hiring, top Trump administration economic advisor Kevin Hassett said Monday. “I think that there have been mixed signals in the job market,” the National Economic Council director said on CNBC’s “Squawk Box,” adding that he has seen “really, really positive signals in the…

R16.5bn spike for SA’s cyber security market

eriinfo.com2 weeks ago06 mins

SA’s cyber security services market has been projected to hit R16.5 billion by 2029. South Africa’s cyber security services market is expected to reach R16.5 billion by 2029, with the financial services sector showing strong demand, says BMIT. This comes amid the rise of cyber crime attacks on the local front, which has seen the…

Tough IT market hits Altron, group still hikes dividend 20%

eriinfo.com3 weeks ago04 mins

Altron Group CEO Werner Kapp JSE-listed technology group Altron has lifted its interim dividend by 20% even as it warns of a “tough trading environment” in IT services. Group operating profit from continuing operations in the six months to 31 August 2025 increased 15% to R549-million, driven by an “excellent performance” in the Platforms segment,…

Apple races past -trillion in market value

Apple races past $4-trillion in market value

eriinfo.com4 weeks ago06 mins

Apple topped US$4-trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race. The stock was last up 0.2% at $269.20 in early trading, hitting an all-time high. Apple’s…

Samsung enters headset market with Google-powered Galaxy XR

eriinfo.com1 month ago07 mins

Samsung Electronics has officially launched its highly anticipated Galaxy XR extended reality headset, priced aggressively at US$1,799. This launch is a definitive move into the nascent and highly uncertain “computing-on-your-face” market, which is currently dominated by Meta and Apple. The headset, which shares a form factor resembling those made by its rivals, is strategically priced…

SA fintech market forecast to reach R340bn by 2030

eriinfo.com1 month ago06 mins

South African fintech borrowers are concentrated in below prime risk tiers. South Africa’s fintech market is projected to reach $19.5 billion (R340 billion) by 2030, signalling a major shift in how consumers engage with credit. This is according to TransUnion’s latest research into SA’s fintech lending market, which reveals insights into borrower behaviour, loyalty and…