Snap Inc. has announced a significant workforce reduction, laying off approximately 1,000 employees, which is roughly 16% of its total staff. In a company-wide memo, CEO Evan Spiegel framed the cuts as a move to increase operational velocity by replacing repetitive manual tasks with advanced artificial intelligence. In addition to the layoffs, the company is…
Kenya’s National Assembly has ratified a bilateral defence agreement with France, underlining Paris’s strategic shift away from its traditional West African sphere of influence towards anglophone Africa. Signed in October 2025, the accord establishes a five-year framework – renewable once automatically. The agreement will “enhance Kenya’s defence capacity through access to French training, technology, and…
Nvidia has signalled a massive escalation in its market expectations, projecting that the revenue opportunity for its AI hardware could reach at least $1 trillion through 2027. This ambitious forecast, delivered by CEO Jensen Huang at the annual GTC developer conference in San Jose, highlights a strategic shift toward “inference computing”, the process of running…
Standard Bank Group’s annual financial results, published on Thursday, have revealed that Africa’s largest bank by assets spent more than R14-billion on cloud, software and technology in 2025 — an 8.7% year-on-year increase that far outpaced the growth in its overall cost base. The “cloud, software and technology” line item in the group’s operating expenses…
Following its January announcement that a flagship “Phone 4” would not arrive in 2026, Nothing has officially pivoted its focus toward the mid-range market. The company has now unveiled the Nothing Phone 4a and Phone 4a Pro, representing a significant evolution in design and a departure from the aesthetic tropes established by its earliest devices….
Addis Ababa — Israeli President Isaac Herzog met Ethiopian Prime Minister Abiy Ahmed on Wednesday during his official visit to Ethiopia, with both leaders pledging to deepen cooperation across key economic, technological and regional sectors. “I welcomed President Isaac Herzog of Israel today for productive discussions during his official visit. We explored the relations between…
European stocks are expected to open flat to lower on Thursday ahead of a raft of earnings reports from the region.
US President Donald Trump (R) and India’s Prime Minister Narendra Modi arrive for a joint press conference at Hyderabad House in New Delhi on February 25, 2020. (Photo by Prakash SINGH / AFP) (Photo by PRAKASH SINGH/AFP via Getty Images) Prakash Singh | Afp | Getty Images India’s trade negotiators will reschedule their planned visit…
Geneva — The Board of the Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund) welcomed the final outcome of the partnership’s Eighth Replenishment – US$12.64 billion – at its 54th meeting on 12-13 February. “This remarkable result, achieved in a challenging global context, reflects the strong support for the Global Fund’s lifesaving…
South Africa coach Hugo Broos rejected suggestions his team had regressed after they exited the Africa Cup of Nations in the last 16 against Cameroon on Sunday, and turned his focus towards the approaching World Cup. A 2-1 defeat against the Indomitable Lions in Rabat ended Bafana Bafana’s campaign in the first knockout round, two…
