Monday, September 16

Technology

Apple debuts iPhone 16 with AI software in American English coming next month
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Apple debuts iPhone 16 with AI software in American English coming next month

IPhone 16 is first Apple smartphone designed around AI features Series 10 Watch is thinner, bigger display Apple's AI tech, Apple Intelligence, so far has a release timeline only in the U.S. Huawei to officially announce new products after Apple's event Google has showcased AI features to challenge Apple's dominance CUPERTINO, California, Sept 9 (Reuters) - Apple (AAPL.O), opens new tab on Monday unveiled its artificial intelligence-boosted iPhone 16, showing off the long-awaited phone hours after Chinese rival Huawei's (HWT.UL) tri-fold phone began racking up orders. "The next generation of iPhone has been designed for Apple Intelligence from the ground up. It marks the beginning of an exciting new era," Chief Executive Tim Cook said at a product launch. Ap...
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Verdant IMAP has advised a leading UK private equity firm on the sale of Awash Wines SC
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Verdant IMAP has advised a leading UK private equity firm on the sale of Awash Wines SC

Verdant IMAP (www.Verdant-Cap.com) has advised a leading UK private equity firm on the sale of Awash Wines SC, a leading Ethiopian wine producer, to a strategic investor consortium. The sale represented an 89% interest in Awash Wines SC  Founded in 1936, Awash Wines is one of the oldest and most established wine producers in Ethiopia, known for its range of quality wines, including the popular Axumit, Gouder, and Awash brands. The company has a rich history and has been instrumental in shaping the Ethiopian wine industry.  The transaction reinforces Verdant IMAP’s position as a leading advisor to private equity clients in Africa and builds on its market-leading sector competence in advising on transactions in the FMCG and agri-business sector.  Verdant IMAP has been ac...
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Sasai Money Transfer expands free remittances offer to additional African markets in partnership with Airtel Money
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Sasai Money Transfer expands free remittances offer to additional African markets in partnership with Airtel Money

SASAI MONEY TRANSFER (www.MoneyTransfer.Sasai.Global), a business of Cassava Technologies (https://apo-opa.co/4dKI5Hn) 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 now being expanded with Airtel Money starting with Uganda, before being extended to other high-traffic remittance Airtel markets such as Ghana, Malawi, Nigeria, Kenya and Zambia.   This innovative offering eliminates remittance sending fees for users of the Sasai Money Transfer service in the United Kingdom and South Africa sending money to family and friends in U...
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Applications Now Open for the MEST Africa Challenge 2024
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Applications Now Open for the MEST Africa Challenge 2024

– ’Find Your Soil’, Nurture Your AgriTech Innovation and Win $50,000 in Equity Funding The Meltwater Entrepreneurial School of Technology (MEST Africa), in collaboration with the Norwegian Embassy, proudly announces the launch of the 6th edition of the MEST Africa Challenge (MAC). This year’s challenge seeks to identify and support exceptional AgriTech entrepreneurs who are addressing critical agricultural challenges in West Africa. In the rapidly evolving world of AgriTech, innovation needs the right conditions to flourish. While many African entrepreneurs possess bold visions, they often face challenges in accessing the necessary resources and networks to bring their ideas to fruition. MAC 2024 is here to bridge that gap, offering startups the opportunity to “Find Their Soil” by pr...
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The Canada-Africa Chamber of Business congratulates Nexim Healthcare Consultants on their ongoing expansion, with today’s launch in Hamilton, Canada
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The Canada-Africa Chamber of Business congratulates Nexim Healthcare Consultants on their ongoing expansion, with today’s launch in Hamilton, Canada

Today Nexim Healthcare (www.Neximcare.com) is ‘’thrilled to be expanding to Hamilton with a state-of-the-art service center and 2nd site for a private Career college marking it our third location in Ontario, following our successful establishments in Toronto and Barrie, and further enhancing our presence in Alberta and New Brunswick,” says the firm’s CEO and President, Henry Lukenge.  This site is to anchor our strategy of growing into nationwide  full cycle third party staffing services operator through our 24/7/365days a week serviced  order fulfilment , customer service and business development operating Hubs.   Nexim Healthcare, a corporate member The Canada-Africa Chamber of Business, offers unparalleled recruitment and placement services, connecting you...
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Cross-Border Payments Startup Expands US Presence Through Strategic Acquisition
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Cross-Border Payments Startup Expands US Presence Through Strategic Acquisition

Sendsprint, a rising player in the cross-border payments industry, has made a significant move by acquiring Nobel Financial Inc., a US-based remittance company. This strategic purchase allows Sendsprint to extend its services to 16 US states, enabling money transfers and gift-sending capabilities for customers in these regions. The UK-based startup, which currently operates in Ghana, Kenya, South Africa, and Nigeria, sees immense potential in the US market. Damisi Busari, CEO and founder of Sendsprint, expressed enthusiasm about bringing their unique blend of technology solutions and understanding of African customers to the US. As part of the deal, Scott McClain, Nobel Financial Inc.’s Chief Compliance Officer, will join Sendsprint’s team in the same capacity. This move brings valua...
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Africa Tech Festival 2024 Showcases Women Tech and Telecoms Leaders, Aims to Positively Impact Africa’s Information and Communications Technology (ICT) Gender Gap
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Africa Tech Festival 2024 Showcases Women Tech and Telecoms Leaders, Aims to Positively Impact Africa’s Information and Communications Technology (ICT) Gender Gap

When the 27thedition of Africa Tech Festival (https://AfricaTechFestival.com) kicks off on 12 November at the Cape Town International Convention Centre in South Africa, the spotlight will be on the exceptional women shaping the future of technology and telecoms in Africa. With August marking the celebration of Women’s Month in the host country, the event will proudly showcase many of the women leaders driving growth and innovation across the sector. Taking place from 12 to 14 November, Africa Tech Festival 2024 incorporates AfricaCom, AfricaTech, AfricaIgnite, and The AI Summit Cape Town, which will welcome a cumulative 15,000 visitors, more than 400 speakers, and over 300 exhibitors as it explores enterprise tech innovation and disruption across key sector...
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German pharma company BioNTech records multimillion euro loss
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German pharma company BioNTech records multimillion euro loss

The German pharmaceutical company BioNTech reported a substantial loss in the second quarter as it continues to advance towards the approval of new products, including innovative cancer therapies.Credit: Andreas Arnold/dpa The German pharmaceutical company BioNTech reported a substantial loss in the second quarter as it continues to advance towards the approval of new products, including innovative cancer therapies. The deficit totalled €807.8 million ($886 million) and was therefore significantly higher than the €190.4 million lost in the same period last year, the Mainz-based company said on Monday. In the first half of 2024, the net loss totalled €1.12 billion, compared with €311.8 million in the same period of the previous year. In the second quarter alone, BioNTech said it...
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Gloomy mood descends on German car industry once again
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Gloomy mood descends on German car industry once again

The mood in the sluggish German car industry is deteriorating again, according to a survey published Munich's Ifo Institute on Monday. In July, the institute's indicator for the business climate in the automotive industry fell to minus 18.3 points, down from minus 9.5 points in June. "The automotive industry is thus slipping further into crisis," said  Anita Wölfl, an Ifo Institute automotive industry expert. According to the survey, car companies assess both their current situation and their expectations for the next three months as worse than in June. "A significant improvement is probably not to be expected in the coming months," said Wölfl. Ifo says plant capacity utilization has fallen to 77.7%, nine percentage points below the long-term average. Export expectations h...
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Lufthansa Group cancels more flights to Middle East as tensions rise 
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Lufthansa Group cancels more flights to Middle East as tensions rise 

Lufthansa aircraft stand on the apron at Rhine-Main Airport. Lufthansa cancels flight to Israel for security reasons.Credit: Andreas Arnold/dpa The German airline Lufthansa has cancelled further flights to the Middle East for security reasons, the company announced in Frankfurt on Monday.  Connections to Israel and Tehran have been suspended for another four days up to and including Monday August 12, it said.  Flights to the Lebanese capital Beirut had already been suspended for this period.  Flights to Amman in Jordan and to Erbil in northern Iraq were initially cancelled up to and including Wednesday, August 7. Until then, Lufthansa Group airlines will also not be using the airspace over Iraq and Iran. The cancellations are due to growing tensions between...
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