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European venture capital firm Breega is making a major play for the African startup scene with the launch of its first Africa-dedicated fund, the Breega $75 million fund. This ambitious initiative aims to position Breega as a leading early-stage investor…
Ethiopian state-owned telecom company Ethio Telecom announced strong financial results for the 2023/24 fiscal year, with a 22% in revenue growth and a 21% rise in net profit. The company’s revenue reached 93.7 billion birr ($1.63 billion), up from 77…
Samsung has introduced the Galaxy Z Fold6 and Z Flip6 AI phones, the latest additions to its foldable smartphone series. The new devices were unveiled at the Galaxy Unpacked event in Paris, where Samsung showcased its commitment to innovation and…
The newly appointed Minister of Public Works and Infrastructure, Dean Macpherson, has disclosed that the department has been the victim of a staggering R300 million cyber-related theft over the past 10 years. The latest incident occurred in May 2024, when…
On July 10th, 2024, Innovate Africa, an angel investment fund dedicated to empowering early-stage African founders, launched a groundbreaking $2.5M startup fund to transform the continent’s startups. Co-founded by Kristin Wilson and Christian Idiodi, the sector-agnostic Innovate Africa Fund aims…
$18 billion tech hubs initiative in Africa: The United Nations Development Programme (UNDP), in collaboration with African governments and the private sector, has announced a groundbreaking $18 billion initiative to establish a network of 10 technology hubs across the continent. …
South African SME security breach detection: Cybersecurity has become a critical concern for small and medium enterprises (SMEs) in South Africa. A concerning trend has emerged, with reports indicating that South African SMEs take an average of 9 months to…
Cryptocurrency market downturn opportunity for newcomers: The cryptocurrency market is currently experiencing a significant price drop, with Bitcoin leading the decline. However, this downturn presents a unique opportunity for new investors entering the crypto space. Despite the current bearish sentiment,…
South African schools and universities are grappling with the challenge of combating cheating using artificial intelligence (AI) tools like ChatGPT and Microsoft’s Copilot. As these generative AI models become more advanced, they are forcing educators to rethink their assessment strategies…
Steve Ballmer, the former CEO of Microsoft, has surpassed Bill Gates in wealth, becoming the sixth-richest person in the world. This milestone marks the first time Ballmer’s net worth has exceeded that of Gates, his former colleague and the co-founder…
