South Africa’s FIC Highlights Crypto Crime Risks for VASPs
by South Africa’s Financial Intelligence Centre (FIC) has raised alarms about the growing risks of criminal activities targeting Virtual Asset Service Providers (VASPs). In its latest …
Category: News
Tensions Around Elon Musk Cloud Efforts to Launch Starlink in South Africa
Efforts to bring Elon Musk’s Starlink satellite internet service to South Africa have hit significant roadblocks. Regulatory hurdles, accusations of favouritism, and political tensions have …
Chinese automaker launches new models in South Africa, expands in Africa
Chinese automakers are making bold moves to solidify their presence in South Africa, unveiling new models and expanding their reach across Africa. With innovative designs, …
Nvidia Teams Up with Cassava for $720M AI Factory in Africa
Nvidia and Cassava Technologies have announced a groundbreaking partnership to establish Africa’s first artificial intelligence (AI) factory. With an investment of up to $720 million, …
Nedbank to Launch Trailblazing Smart Contract App for Agriculture
South Africa’s Nedbank is making waves with its upcoming smart contract app for agriculture, designed to transform how farmers manage contracts, payments, and supply chains. …
South Africa Unveils $800 Million Smart City Project
South Africa has launched a landmark Smart City Project in Shongweni, near Durban, marking a major leap in urban innovation. Dubbed Westown, the R15 billion …
African Tech Funding Declines 5% in Q1 2025, Reaching $460 Million
African tech funding dropped by 5% in the first quarter of 2025 compared to the same period in 2024. Startups across the continent raised $460 …
Equinix expands data center to fuel digital growth
Equinix has officially opened its LG2.3 data center expansion in Lagos, Nigeria, marking a significant step in its mission to accelerate digital transformation across Africa. …
Afrik DeFi to Engage Policymakers at WEF AI Summit in Rwanda
Afrik DeFi is set to make waves at the World Economic Forum (WEF) AI Summit in Rwanda, a landmark event that will bring together policymakers, …
Nigeria and South Africa make up half of Africa’s 22 billionaires.
According to the latest Forbes rankings, Africa’s 22 billionaires have collectively amassed a record-breaking fortune of $105 billion for the first time in history. Nigeria …