Category: <span>Business</span>

A $2,800 smartphone from Huawei with a 10-inch folding screen has passed 5mn in pre-orders during its launch week, as the Chinese technology giant takes on Apple in its home market with increasingly sophisticated devices. The Shenzhen-based group debuted the Mate XT on Tuesday at an event held hours after its US rival unveiled the iPhone...

Apple unveiled breakthrough sleep and hearing health features coming to Apple Watch and AirPods Pro 2 that further deliver on Apple’s commitment to health with experiences that enrich users’ lives. These new features expand across products, bringing informative and powerful ways to support users in their sleep and hearing health for conditions that impact billions globally. Using an innovative...

MoneyTransfer, a business of Cassava Technologies and one of the fastest growing international money transfer operators, has partnered with Airtel Money to expand its revolutionary offer of free remittances to more African markets. The Zero Fees initiative, which was first launched in May 2024 by Sasai Money Transfer in partnership with Econet in Zimbabwe, is...

South Africa’s AVI reported a 24.1% rise in full-year profit on Monday as the food producer and fashion retailer lifted prices to offset the impact of rising input costs. The group posted its headline earnings per share – the country’s main profit measure – of 687.1 cents for the full year ended June 30. “We have...

In South Africa’s tech industry, significant strides have been made in recent years to drive innovation through diversity. However, the journey towards cultivating a truly inclusive and supportive environment for women is far from complete. Despite this progress, a pressing need exists for further advancements in creating a welcoming space that empowers and embraces women...

Chris Jurasek has stepped down as chief executive of English soccer giants Chelsea after only 15 months. Jurasek joined the Premier League club in May 2023 from Clearlake Capital, the private equity firm which co-owns the Blues. According to The Telegraph, he had become unpopular among sections of staff and supporters due to various changes, including cutting travel subsidiaries for...

African Export-Import Bank (Afreximbank) has responded to the devastation caused by Hurricane Beryl, donating over half a million US dollars to aid disaster relief and rebuilding efforts across Caribbean countries that were hard-hit.  Hurricane Beryl severely devastated the Grenadian islands of Carriacou and Petite Martinique as well as several islands in Saint Vincent and the...

The Green Climate Fund has approved $151 million in financing for a major resilience programme supported by the African Development Bank to address climate vulnerability in the Horn of Africa. The approval was granted at the Fund’s 39th Board meeting and comprises a $90.7 million grant and a $60.3 million loan. The financing will support the Bank...

F1 franchise Ferrari and Santander have announced that their sponsorship agreement will conclude at the end of 2024, the deal expires on 31st December and will not be renewed. Santander has been a premium partner of the Ferrari Formula One team and a partner of the Italian outfit’s Le Mans Hypercar (LMH) programme. Santander has been linked with a partnership...

Enterprise cloud firm Salesforce said it has agreed to acquire Tenyx, which develops artificial intelligence-powered voice agents, to advance its AI-driven solutions. The acquisition, for which no deal value was disclosed and is expected to close in the third quarter, will see Tenyx’s co-founders, CEO Itamar Arel and CTO Adam Earle, along with their team, join...