Absa Bank, one of Africa’s largest financial institutions, understands that each credit decision represents someone’s next chapter. Amid rising customer expectations and regulatory demands, the bank teamed with SAS, a global leader in data and AI, to modernise its credit risk management infrastructure. The result: faster, more transparent and reliable lending and better outcomes for […]

As Africa’s young and digitally connected population comes of age, the payments industry is undergoing a significant transformation, driven by the rise of digitally savvy consumers who increasingly expect interactions to be fast, seamless and mobile-first. In South Africa alone, a 2025 Statista survey found that 77% of survey respondents used their mobile phones to […]

A South African can earn a regular income, pay rent, support a household, manage money on a smartphone, and repay previous loans, yet still be difficult for a lender to assess. A conventional credit record may capture only part of that person’s financial life. Limited visibility can easily be mistaken for excessive risk. This gap […]

Yellow Card, a leading global stablecoin infrastructure provider, today announced the successful closing of a $40 million strategic funding round, with investment from SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and additional strategic investors. The funding will scale Global USD Accounts, Yellow Card’s end-to-end dollar account for businesses, and expand […]

Meet Mohammed Bashir Yunusa, the Divisional Head, Digital Banking & Commerce at The Alternative Bank, with over 15 years of experience creating value across the financial services industry.

Geopolitical uncertainty has once again emerged as a dominant force shaping global financial and energy markets, with investors closely monitoring developments in the Middle East. Although optimism briefly surfaced after U.S. President Donald Trump claimed that the strategically vital Strait of Hormuz could soon reopen, conflicting reports from Iranian officials have tempered expectations. The mixed […] The post Energy Security Under Pressure as Iran, Israel, and Houthis Raise Regional Risks appeared first on Tekedia.

Chinese robotics company Unitree Technology has launched a 6.1 billion yuan ($900 million) initial public offering that would value the company at about 61 billion yuan ($9.04 billion), setting the stage for China’s first mainland stock market listing by a humanoid robot manufacturer. The listing represents a milestone for China’s robotics industry and provides investors […] The post China’s Unitree Targets $9bn Valuation In Landmark IPO As Humanoid Robots Become Its Biggest Business appeared first on Tekedia.

Germany’s economy is navigating a period of mixed signals as two of its most important sectors—real estate and banking—move in different directions. Fresh data from the Kiel Institute for the World Economy (IfW) shows that the rise in German flat and single-family home prices continued to slow during the second quarter of the year, reflecting […] The post Germany’s Housing Market Cools as Commerzbank Strengthens Amid UniCredit Takeover Pressure appeared first on Tekedia.

German engineering giant Siemens has raised its full-year earnings outlook after delivering an impressive third-quarter financial performance, underscoring the resilience of its industrial businesses despite ongoing global economic uncertainty. The company reported a sharp increase in profit, supported by record-breaking order intake, stronger execution across its core divisions, and favorable US tariff refunds. The results […] The post Siemens Raises Full-Year Earnings Outlook After Strong Third-Quarter Performance appeared first on Tekedia.

The S&P 500 paused on Wednesday after a blistering four-session rally of more than 5.5%, but the brief pullback has done little to dent growing conviction that U.S. equities still have room to climb. Instead, the benchmark index’s march to successive record highs is reshaping expectations across Wall Street and prediction markets, with traders increasingly […] The post S&P 500 Rally Lifts Bets On Fresh Record Highs As Traders See 8,000 Within Reach appeared first on Tekedia.

Germany is confronting two serious security-related developments that underscore the growing risks facing Europe amid heightened geopolitical tensions. Authorities are intensifying investigations after discovering an explosive-laden drone at Leipzig/Halle Airport, while a German company’s warehouse in Ukraine has been damaged during a Russian missile strike on Kyiv. The incidents highlight how modern conflicts increasingly blur […] The post Germany Faces Dual Security Challenge as Drone Investigation and Russian Strike Raise Alarm appeared first on Tekedia.

BMW has reached an important milestone in its transition toward electric mobility with the start of series production of the all-electric i3 at its main manufacturing facility in Munich. Announced on Thursday, the development marks the first time a vehicle from BMW’s highly anticipated “Neue Klasse” family is being produced in series in Germany. The […] The post BMW Commences Series Production of Neue Klasse i3, Strengthening EV Leadership appeared first on Tekedia.

More than 911 million shares become eligible for sale as options traders bet the stock may be nearing a bottom despite a sharp decline from June peak Early investors in SpaceX had their first opportunity on Thursday to sell portions of their holdings following the expiration of the company’s initial IPO lock-up period, a closely […] The post SpaceX Faces First Insider Share Unlock as Early Investors Weigh Cashing Out After Post-IPO Slump appeared first on Tekedia.

Argentina has renewed its 130 billion yuan ($19 billion) currency swap agreement with China for another five years, extending a financial lifeline that has become a cornerstone of the country’s foreign reserve strategy, according to SCMP. The move comes amid pressure from Washington, which has spent more than a year urging Buenos Aires to reduce […] The post Argentina Renews $19bn China Currency Swap To 2031, Preserving Key Financial Backstop Despite U.S. Pressure appeared first on Tekedia.

JM Morgan CEO says record margin debt and widespread borrowing could amplify market shocks, though he stops short of predicting a financial crisis JPMorgan Chase Chief Executive Jamie Dimon has warned that elevated levels of leverage across financial markets are increasing the risk of sudden bouts of volatility, adding to growing concerns that years of […] The post JPMorgan’s Dimon Warns Elevated Market Leverage Raises Risk of Sharp Selloffs appeared first on Tekedia.

About one-third of Singapore’s exports to the United States, valued at S$9.5 billion ($7.4 billion) annually, will be affected by the new 12.5% U.S. tariff introduced on July 24, Trade and Industry Minister Gan Kim Yong said on Wednesday, highlighting the growing impact of Washington’s latest trade measures on one of its closest economic partners […] The post Singapore Says $7.4 Billion Of Exports Affected By Latest U.S. Tariffs As Trade Tensions Deepen appeared first on Tekedia.

Japanese investment giant posts stronger-than-expected quarterly earnings, while rising AI costs and investor scrutiny cloud outlook SoftBank Group reported stronger-than-expected fiscal first-quarter earnings, with a surge in the value of its Intel investment and gains from TikTok owner ByteDance helping offset mounting costs associated with its aggressive artificial intelligence strategy. The Japanese technology investment conglomerate […] The post SoftBank Beats Profit Forecast as Intel Windfall and ByteDance Gains Offset AI Investment Pressures appeared first on Tekedia.

Meta Platforms said one of its artificial intelligence models compromised another company’s systems during a cybersecurity evaluation, becoming the latest major AI developer to disclose a security incident involving increasingly capable AI models and intensifying concerns over AI-related cyber risks. The disclosure follows similar incidents involving OpenAI and Anthropic, amplifying growing concerns among policymakers and […] The post Meta Discloses Its AI Model Security Breached A Company During Cyber Test, Following Anthropic, OpenAI appeared first on Tekedia.

A rare bipartisan coalition of Democrats and prominent supporters of President Donald Trump is questioning the administration’s response to recent AI-related cybersecurity incidents, alleging that close ties between the White House and leading technology companies may be hindering efforts to strengthen oversight of autonomous artificial intelligence systems. The criticism follows disclosures by OpenAI and Anthropic […] The post Bipartisan Lawmakers Allege Trump’s Ties to Silicon Valley Undermine White House’s AI Oversight, After OpenAI, Anthropic Cyber Incidents appeared first on Tekedia.

Samsung Electronics and SK Hynix are facing mounting pressure from investors to return more cash to shareholders after the world’s two largest memory chipmakers reported record AI-driven earnings but stopped short of outlining more ambitious capital return plans. The companies are generating cash at an unprecedented pace as global demand for high-bandwidth memory (HBM) and […] The post Investors Demand Larger Buybacks And Dividends From Samsung, SK Hynix After AI Profits Swell Cash Reserves appeared first on Tekedia.

Economists expect slower but still robust export growth, with investors watching whether external demand can offset weakness in the domestic economy China’s export growth likely moderated in July after posting its strongest increase in months in June, although overseas shipments are expected to remain exceptionally strong as booming global demand for artificial intelligence-related products and […] The post China’s Export Growth Seen Easing in July as AI Demand and Tariff Frontloading Continue to Support Trade appeared first on Tekedia.

European equities hit fresh records while investors look past technology volatility and await key U.S. jobs data for clues on Federal Reserve policy Global equity markets regained momentum on Thursday, with European stocks climbing to fresh record highs as stronger-than-expected corporate earnings and renewed optimism about artificial intelligence-driven growth outweighed concerns over a volatile technology […] The post Global Stocks Rebound to Record Highs as Earnings Optimism Offsets AI Jitters, Iran Diplomatic Hopes Ease Oil Concerns appeared first on Tekedia.

Sensitive electrical loads need stable voltage, clean power, and enough backup time to operate safely during interruptions. Equipment such as automation panels, control systems, medical devices, servers, and communication units can malfunction when power dips, surges or shuts down suddenly. Even a short disturbance can affect performance, damage components or stop critical processes. So, why […]

The World Bank has noted that Artificial intelligence (AI) could enable developing countries to accomplish in just a decade what might otherwise take a century. According to the World Development Report 2026: The Promise of Artificial Intelligence released by the World Bank Group, it found that jobs in high-income countries are more than three times […] The post AI Could Help Developing Countries Achieve A Century of Progress in A Decade – World Bank Says appeared first on Tekedia.

Peloton Interactive delivered its first full year of net profit and operating income in fiscal 2026, marking a major turnaround for the connected fitness company after years of losses. However, the company warned that revenue is expected to decline in fiscal 2027 as it laps previous price increases on its hardware and subscription plans and […] The post Peloton Posts First Annual Profit but Forecasts Weaker Sales as Growth Challenges Persist appeared first on Tekedia.

The cryptocurrency market is undergoing one of its most significant structural transformations since Bitcoin first entered the mainstream. Fresh data from leading crypto market maker Wintermute reveals that institutional investors now account for a record 72% of spot trading volume on its over-the-counter (OTC) desk during the first half of 2026, a sharp increase from […] The post Institutions Now Dominate Crypto Trading as Market Structure Continues to Mature appeared first on Tekedia.

Siemens raised its full-year earnings guidance on Thursday after reporting a record quarterly industrial profit, as surging global investment in artificial intelligence infrastructure fueled strong demand for its automation software, smart factory technologies and data center equipment. The German engineering and industrial technology group said the AI investment cycle is becoming an increasingly powerful growth […] The post Siemens Lifts Full-Year Outlook After Record Industrial Profit As AI Infrastructure Boom Drives Orders appeared first on Tekedia.

Bitwise Chief Investment Officer Matt Hougan in a recent statement has noted that the cryptocurrency industry will continue to make progress even if the Clarity Act does not pass Congress this week. In a statement captured by Cointelegraph, Hougan pointed to two main reasons for his confidence, which is the readiness of SEC Chair Paul […] The post Crypto Will Keep Advancing Even If Clarity Act Fails – Bitwise CIO Says appeared first on Tekedia.

Block Inc. raised its full-year gross profit forecast after delivering better-than-expected second-quarter results, underscoring the resilience of digital payments and the growing contribution of Cash App as the company continues to expand beyond peer-to-peer transfers into a broader financial services platform. The fintech company now expects gross profit of $12.51 billion in 2026, representing 21% […] The post Block Raises 2026 Profit Outlook as Cash App Powers Growth, AI Efficiency Boosts Margins, Beating Estimates appeared first on Tekedia.

Nigeria has introduced stricter rules governing virtual-asset transactions, requiring crypto operators and users to obtain Tax Identification Numbers or face significant fines and possible imprisonment. In a circular published by the Nigeria Revenue Service (NRS), it provided a clear administrative framework for the taxation of virtual assets in Nigeria. The NRS set out the applicable […] The post Nigeria Mandates Tax IDs For Crypto Operators to Curb Tax Evasion appeared first on Tekedia.

Moment, a payments infrastructure company serving enterprise merchants across Africa, has closed a $22 million Series A round to scale its collections and billing platform. AlphaCode Venture Partners led the round, joined by returning backers General Catalyst and MultiChoice, plus a first-time check from French media group Canal+. The raise pushes Moment’s total funding to […] The post Cape Town Payments Startup Moment Lands $22 Million Series A With Canal+ Joining the Cap Table appeared first on Tech In Africa.

Palantir Technologies stunned Wall Street with a dramatic 30% share price this week, marking its strongest single-day performance in nearly two years and delivering a painful setback to investors betting against the company. The surge came after the software and artificial intelligence firm reported stronger-than-expected quarterly earnings and raised its full-year guidance, reigniting investor enthusiasm […] The post Palantir’s 30% Surge Delivers Crushing Blow to Short Sellers appeared first on Tekedia.

Global consumer electronics brand TCL has opened the doors to its first TCL Experience Store in South Africa, bringing the brand’s latest innovations under one roof at Cedar Square in Fourways, Johannesburg. The new store marks a significant step in TCL’s growth strategy for the South African market and is designed to change the way […]

Clea, the stablecoin-powered cross-border payments platform helping African businesses trade globally, has launched Vendor Payments, a new capability that enables businesses to simplify payments to international suppliers, auction platforms and shipping companies directly through the platform. Clea surpassed $20 million in transaction volume within six months of emerging from stealth in December 2025, reflecting growing […]