Government has welcomed Ford Motor Company South Africa’s decision to invest an additional R5.2 billion for its Silverton Assembly Plant.
The facility will help Jaguar Land Rover develop and test its luxury EVs.
Ener-G-Africa CEO, Andre Moolman, says the R135 million investment pledged in April this year has begun to bear fruit at its Paarl facility.
Looking to invest in local gaming, music, movie, and content distribution startups, the Sony Innovation Fund: Africa has a $10 million kitty.
The investment will assist ride-sharing entrepreneurs access vehicle financing.
Visa is specifically looking for companies developing generative AI technologies that will benefit commerce and payments.
AfricaIgnite will play host to the African leg of the Startup World Cup 2023 during the Africa Tech Festival in November.
The funding will allow Founders Factory Africa to offer startups non-dilutive capital investment.
Hopes that the Biden administration would be more lenient on Chinese firms takes another blow as new executive order is signed.
As many wonder what PlayStation’s next move will be as Microsoft hoovers up firms, it will invest heavily in live service and mixed reality.
Each African startup received $5 000 (~R93 870) from The World Bank as part of its South African Innovation Portal that it supports.
The Presidency has highlighted the importance of incentivising manufacturers to invest in the production of EVs in SA.
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