· May 21

Jaguar Says It Has No Intention of Manufacturing Cars in the U.S.

Jaguar Land Rover has confirmed it will continue producing cars in the UK and has no plans to manufacture vehicles in the United States despite the impact of President Trump’s 25% tariff on imported cars. The company temporarily paused shipments to U.S. dealers earlier this year while reassessing its strategy,...
· May 20

South Africa considers BEE workaround to clear Starlink’s path to launch

South Africa is set to revise its Black Economic Empowerment (BEE) regulations to allow multinational ICT firms like Elon Musk’s Starlink to meet empowerment requirements through equity-equivalent investments instead of a 30% Black ownership mandate. This adjustment aims to attract foreign investment in the ICT sector and enhance Internet access,...

Google Expands AI Features in Search: What You Need to Know

At Google’s annual I/O developer conference, the company announced significant upgrades to its AI-powered Search features, including broader availability of AI Mode and AI Overviews, now accessible in over 200 countries and 40 languages. AI Mode, now available to all U.S. users, enables interactive, multi-query search experiences, deep research capabilities,...
· May 20

South African rand steady ahead of budget, US meeting

The South African rand remained steady against the dollar as investors awaited the upcoming budget speech and a crucial meeting between President Cyril Ramaphosa and US President Donald Trump. Finance Minister Enoch Godongwana aims to pass the budget on Wednesday after two previous unsuccessful attempts due to coalition disagreements over...
· May 20

CBN: Expanding financial inclusion access with Non-Resident BVN gateway

The Central Bank of Nigeria (CBN) has launched the Non-Resident Biometric Verification Number (NRBVN) platform to enhance financial inclusion for Nigerians in the diaspora, enabling remote access to banking services such as account opening and funds transfer. Developed with the Nigeria Inter-Bank Settlement System (NIBSS), the platform draws inspiration from...
· May 20

CBN opens up on state of health of UBA, Access, other bank, speaks on safety of depositors’ funds

The Central Bank of Nigeria (CBN) has dismissed misleading reports concerning a licensed financial institution, affirming the banking sector’s robustness and the safety of depositors’ funds. CBN emphasized its ongoing monitoring of financial institutions through risk-based oversight and early warning systems to promptly address any issues. The bank urged the...