Memory shortages will constrain sales of smartphones for some time, hurting demand for chip industry companies like supplier Qualcomm and chip architecture designer ARM Holdings, executives and analysts said on Wednesday as both companies reported results that disappointed investors. Among the world’s largest smartphone chip designers, Qualcomm is dealing with relatively tepid orders as customers…
New data on jobs and layoffs this week points to more job cuts and lackluster hiring plans, indicating 2026 might not be the fresh start many job seekers are looking for. A monthly survey of layoff announcements from the outplacement firm Challenger, Gray & Christmas released Thursday found that U.S. employers announced 108,435 job cuts…
Nvidia CEO Jensen Huang. Steve Marcus/Reuters Nvidia CEO Jensen Huang has dismissed fears that AI will replace software and related tools, calling the idea “illogical”, after a significant selloff in global software stocks on Tuesday. The selloff, partly sparked by AI developer Anthropic’s updated chatbot release last week that heightened fears of AI-driven disruption in…
Kampala — Africa’s digital economy is beginning to recast the continent’s electricity landscape, with data centres emerging alongside households, factories and mines as a significant new source of power demand. What was once a largely traditional power market is increasingly being shaped by the infrastructure that underpins cloud computing, mobile services and digital finance. The…
OpenAI CEO Sam Altman. Shelby Tauber/Reuters OpenAI is unsatisfied with some of Nvidia’s latest AI chips, and it has sought alternatives since last year, eight sources familiar with the matter said. The news potentially complicates the relationship between the two highest-profile players in the AI boom. The ChatGPT maker’s shift in strategy, the details of…
Frogfoot has acquired the fibre assets built and operated by Mitsol. Open access fibre network operator (FNO) Frogfoot is continuing its expansion strategy, bringing fibre assets built and operated by Mitsol into the fold. This comes after it concluded a similar transaction in December. In a statement issued today, the company says the acquisition helps…
Ghana has been ranked as the seventh strongest financial market in Africa, recording a financial market index score of 60, according to the Absa Africa Financial Markets Index report. The country placed behind Botswana, Namibia, Nigeria, Uganda, Mauritius and South Africa, with South Africa retaining its position as the continent’s strongest financial market. The ranking…
African companies disclosed US$3.8 billion in funding in 2025, with deal volume up 32% and the number of announced transactions rising 8% from a year earlier, according to Briter’s Africa Investment Report 2025. The data points to a market that has stabilized after the 2022-2023 correction, but with capital increasingly concentrated by stage, sector, and…
Across Africa, a third of children under the age of five suffer from chronic malnutrition, according to Unicef, while in recent years the baby food industry has been rocked by a series of scandals, many involving major multinationals. But a growing number of local agri-food companies are moving into the baby food market. Ivorian Marie-Ange…
A flag with the CSG NV logo during the listing of their company at Euronext Amsterdam, Jan. 23, 2026. Bloomberg | Bloomberg | Getty Images Shares of Czech-based defense firm Czechoslovak Group, or CSG, soared over 30% on its stock market debut on Friday, underscoring sustained investor interest in defense companies amid Europe’s growing push…
