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Digital Technology Adoption in African Businesses Remains Low Despite Potential Gains

Despite the positive correlation between digital technology and business productivity, a recent International Finance Corporation (IFC) report reveals that less than one in four African businesses intensively utilize advanced digital technologies. The report, based on data from Burkina Faso, Ethiopia, Ghana, Kenya, Malawi, and Senegal, shows that while 86% of firms with five or more…

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Trump advocates U.S. Bitcoin mining

Trump Advocates for All Bitcoin Mining to Be U.S.-Based

Presumptive 2024 Republican nominee Donald Trump, in a surprising move, announced on Wednesday his vision for all remaining Bitcoin to be mined within the United States. This strategic positioning of cryptocurrency as a new battleground against President Joe Biden marks a significant shift for Trump, who was previously sceptical of the digital sector. This shift…

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African digital divide

Fiber-Optic Leap Bridges African Digital Divide

Despite tech giants' significant investments in digital infrastructure, Africans need help with slow internet speeds and high data costs. Google and Meta are making substantial strides in Africa's digital landscape. Google's inaugural cloud data centre on the continent, which has been operational since January in Johannesburg, South Africa, is a testament to its commitment. "The…

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Bitcoin drops below $70K

Bitcoin drops below $70K

In a dramatic turn of events on Friday, Bitcoin's value plummeted below $70,000, triggering a wave of uncertainty across the broader cryptocurrency market. The sudden change in sentiment, with hopes for lower U.S. interest rates dashed and a significant drop in GameStop shares adding to the gloom, vividly illustrates the volatile nature of the cryptocurrency…

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