Paratus Uganda has become the first provider in the country to launch Starlink’s low-Earth orbit (LEO) satellite service, three months after the Uganda Communications Commission granted SpaceX an operational licence. The UCC signed a memorandum of understanding and operational licence agreement with Starlink on 15 May 2026. The launch gives enterprise customers in remote parts…
Across Africa, smartphone shipments fell 7%, while prices rose by $41 year-on-year to $202. South Africa’s smartphone market grew 17% year-on-year in the second quarter of 2026, bucking a broader downturn across Africa as rising device prices put pressure on consumers. According to research firm Omdia, smartphone shipments across Africa fell 7% year-on-year in the…
HONG KONG — The robotics firm behind China’s famously backflipping humanoids leapt to a remarkable stock market debut on Wednesday, with Unitree’s shares closing up 460% as investors rally behind homegrown beneficiaries of the A.I. boom. Chinese humanoid and other robots have advanced at a breathtaking pace as Beijing competes for global tech dominance with…
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…
European equities have historically struggled to ignite the kind of investor enthusiasm enjoyed by U.S. stocks and certain fast-growing Asian markets. The continent has fewer high-growth companies, shallower capital markets and is thought to have a less compelling long-term earnings growth story. A spike in governments’ fiscal spending at the beginning of 2025, however, brought…
A man looks at a stock index board showing South Korea’s benchmark stock index (KOSPI) after the close of trading in Seoul on July 28, 2026. Greg Baker | Afp | Getty Images South Korea’s Kospi has staged a reversal from its latest rout, returning to bull-market territory as investors pile back into the country’s…
BlockTower, the issuer of the rand-backed stablecoin ZARU, said on Thursday that Luno has listed ZARU/USDT and ZARU/USDC trading pairs on its exchange, putting the rand on a continuous order book against the world’s two largest dollar stablecoins. Three days earlier, national treasury and the South African Reserve Bank published a draft manual that would…
Zimbabwe ended last month as Africa’s best-performing equity market, overtaking Nigeria, the continent’s most populous nation, after months of sustained gains driven by easing inflation, a more stable domestic currency, and renewed investor appetite for local equities. Data from African Markets, a real-time market intelligence platform, shows the Zimbabwe Stock Exchange (ZSE) returned 68.5 percent…
Microsoft staged a historic rally last week, adding nearly $450 billion in market value in a single trading session, the largest one-day gain on record for any publicly traded company. The unprecedented surge was driven by stronger-than-expected cloud growth forecasts and robust cash generation projections for the coming fiscal year. Read: Cape Town approves the…
The Economic Community of West African States Regional Competition Authority (ECOWAS-ERCA) has warned that price-fixing, market allocation and anti-competitive practices were undermining economic integration and driving up the cost of goods across West Africa. The authority said such practices deny consumers fair prices, limit opportunities for small businesses and weaken the region’s competitiveness. Speaking yesterday…
