Home 2021 January 22 (Friday)

Day: <span>22 January 2021</span>

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Alphabet Ends its Internet Balloon Company, Loon

Alphabet Ends its Internet Balloon Company, Loon

Alphabet is shutting down Loon, its division that provides internet from floating balloons, according to a post on the blog of Alphabet’s X moonshot division. “The road to commercial viability has proven much longer and riskier than hoped,” Astro Teller, who leads X, wrote in the blog. “In the coming months, we’ll begin winding down operations...

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SA Reserve Bank Kept Interest Rates (Un)changed at 3.5%

SA Reserve Bank Kept Interest Rates (Un)changed at 3.5%

The South African Reserve Bank’s Monetary Policy Committee (MPC) has voted to hold rates. In its first meeting for 2021, the committee decided to keep the repo rate at 3.5% and the prime lending rate at 10%. The prime and base home loan rate remain at a historic low of 7.0%. The bank was widely...

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Nigeria’s Biggest Bank Identified 8 African Countries for its Expansion

Nigeria’s Biggest Bank Identified 8 African Countries for its Expansion

Access Bank Plc, Nigeria’s biggest lender, has identified eight African countries for a potential expansion as it seeks to benefit from a continental-wide free trade pact. Access Bank plans “to expand to high-potential markets, leveraging the benefits of the African Continental Free Trade Area,” Chief Executive Officer Herbert Wigwe said on an investor call on...

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Music Producer Pharrell Williams Partner with Amazon for Educational Coding Collab

Music Producer Pharrell Williams Partner with Amazon for Educational Coding Collab

Pharrell Williams and his education equity nonprofit YELLOW have both teamed up with Amazon and Georgia Institute of Technology to announce a new educational collaboration aimed at inspiring young students to learn how to code. “Your Voice is Power” — a newly-generated campaign between Amazon Future Engineer, Amazon Music, and Georgia Tech — is the...

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