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Category: African Business

Styx Stealer Creator’s OPSEC Fail Leaks Client List and Profit Details

In what’s a case of an operational security (OPSEC) lapse, the operator behind a new information stealer called Styx Stealer leaked data from their own computer, including details related to the clients, profit information, nicknames, phone numbers, and email addresses. Styx Stealer, a derivative of the Phemedrone Stealer, is capable of stealing browser data, instant messenger…
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August 21, 2024
Zimbabwe reinstates ban on alluvial and riverbed mining

Alluvial mining extracts minerals from riverbeds and floodplains, while riverbed mining targets river channels. Both can harm the environment and pollute water. On Tuesday, the Zimbabwean government reimplemented its ban on alluvial and riverbed mining to combat environmental damage, media reported. Although the ban was initially declared in 2020, the practice has persisted in recent…
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August 21, 2024
Best Language Models for Pan-Africans: Empowering African Voices in AI

As artificial intelligence (AI) and natural language processing (NLP) continue to advance, the importance of developing language models that cater specifically to the diverse languages and cultures across Africa has never been greater. Pan-Africans, who seek to unify and uplift the continent through shared identity and values, need AI tools that reflect and respect this…
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August 21, 2024
Stars & beyond: SA minister on outcomes of the “multifaceted” IAU meeting and potential benefits ahead

The legacy of the XXXII General Assembly of the International Astronomical Union (IAU) is multifaceted, with many participants highlighting their newfound awareness of the extensive astronomical research and work being conducted in Africa, which itself will leave a very positive impact, Professor Bonginkosi Emmanuel Blade Nzimande, South Africa’s Minister of Science, Technology and Innovation, told…
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August 21, 2024
Qatar Airways says it acquired 25% stake in South Africa’s Airlink

“Qatar Airways Group has acquired a 25% stake in Southern Africa’s premier independent regional carrier, Airlink. The announcement is a continuation of the multi award-winning airline’s ambition to further develop its operations across the African continent,” the company said in a statement on Tuesday. Airlink operates flights on more than 45 routes to 15 African…
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August 21, 2024
Linguistic shift underway in Senegal, where Wolof is overtaking French

A linguistic shift is underway in Senegal. Wolof is spoken by 80% of the population and has progressively overtaken French, the country’s official language, as the dominant language of communication. Private Wolof classes have flourished as the publishing sector races to meet growing demand for books and other content written in local languages for local…
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August 21, 2024
Libya’s powerful central bank governor sacked

One of Libya’s dueling authorities unilaterally fired the country’s powerful central bank governor in an abrupt move that is likely to inflame tensions in the divided North African country. The presidential council in the capital of Tripoli, which is allied with the government of Prime Minister Abdul Hamid Dbeibah that controls western Libya, removed Gov.…
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August 21, 2024
India-US trade chair’s vision of a Moroccan pharmaceutical hub

KV Kumar, the chair of the Indian American International Chamber of Commerce (IAICC), recently visited Morocco to explore new avenues for economic cooperation, with a specific focus on the pharmaceutical sector. During his visit, Kumar discussed the potential for creating a Moroccan pharmaceutical hub that could serve as a significant player in the global market,…
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August 20, 2024
UK tycoon among six missing as yacht sinks off coast of Sicily, report says

A yacht with tourists aboard had sunk off the coast of the Sicilian city of Porticello. Of the 22 people, one died and six remain missing, including UK multimillionaire and co-founder of the Autonomy software company Mike Lynch. The accident was caused by a powerful storm. Earlier in the day, the broadcaster reported that the…
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August 20, 2024
Libya’s central bank suspends operations after kidnapping of official

Libya’s Tripoli-based central bank said on Sunday it would shut down all operations and not resume work until a senior bank official kidnapped earlier in the day was released. The central bank is the only internationally recognised depository for Libyan oil revenues, a vital economic income for a country torn for years between two rival…
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August 20, 2024