Africa: Ninety One Reaches Final Close of 4m Africa Credit Fund

Africa: Ninety One Reaches Final Close of $404m Africa Credit Fund

Ninety One has closed its third Africa Credit Opportunities Fund with $404 million, including leverage, as the investment manager expands private lending to companies and infrastructure projects across Africa and other emerging markets. Investors include development finance institutions, pension funds and family offices from Africa, Europe, the UK, the US and Canada. The fund, known…

Read More
Absa’s AI chatbot reaches 1.6m users

Absa’s AI chatbot reaches 1.6m users

Johnson Idesoh, group chief information and technology officer, Absa Group. (Photograph by Lesley Moyo) Absa Group says its agentic artificial intelligence (AI)-based chatbot handles over 100 000 queries per month from approximately 1.6 million users. This, as the banking group continues to modernise its core platforms, positioning technology as a strategic lever for growth across…

Read More
Enterprise-grade threat detection reaches the mid-market through the channel

Enterprise-grade threat detection reaches the mid-market through the channel

Christo Coetzer Enterprise-grade threat detection, long the preserve of large organisations with substantial security budgets, is becoming available to South Africa’s smaller businesses through the technology channel. Cloud On Demand has signed a distribution agreement with cybersecurity specialist BlueVision to bring its Fusion Cloud service to its network of channel partners and the mid-market clients…

Read More
Cruise ship stricken by hantavirus reaches Canary Islands, where passengers, some crew, will be evacuated

Cruise ship stricken by hantavirus reaches Canary Islands, where passengers, some crew, will be evacuated

A Dutch-flagged cruise ship that was hit by a deadly hantavirus outbreak reached Spain’s Canary Islands early Sunday morning, where health officials will begin the complex process of evacuating the passengers and most of the crew, and repatriating them to their respective countries. The MV Hondius, currently carrying nearly 150 people from more than 15…

Read More
Vodacom reaches major coverage milestone in South Africa

Vodacom reaches major coverage milestone in South Africa

Vodacom has officially expanded its 5G mobile network to reach more than 60% of South Africa’s population, marking a significant leap in the country’s digital infrastructure. According to spokesperson Byron Kennedy, this milestone reflects a massive surge in demand for high-speed connectivity, with the number of 5G-capable devices on the network more than doubling over…

Read More