news and current affairs.
Zim funds swell as investors ditch property for equities
Funds managed by Zimbabwe's asset managers saw a solid jump last quarter. The total climbed to ninety point six billion ZiG, according to the Securities and Exchange Commission. That figure is up almost ten percent from the prior quarter. The regulator credited a shift toward stock market investments, with equity exposure rising above thirty-four percent of all holdings. Property investments lost ground during the same period. The reported total includes dollar-denominated assets worth two point four eight billion, converted at the official rate. Overall market capitalization for the country's exchanges also grew significantly, surpassing four billion dollars. Officials pointed to improved confidence in the Zimbabwe Gold currency's...
Tharisa bets big on Karo Platinum, $385M project gleams
Tharisa is doubling down on a major platinum group metals project in Zimbabwe. The Cyprus-based miner increased its ownership stake in the Karo Platinum Project to over seventy eight percent, reflecting its long term growth strategy. The project's book value climbed to three hundred eighty-five million dollars after continued capital investment. Executive Chairperson Loucas Pouroulis stated the asset strengthens the group's pipeline and provides future optionality in the PGM sector. Located on the Great Dyke, the project holds a massive estimated resource. The company reports that it contains over eleven million ounces of PGMs across a vast mining lease. At current metal prices, that resource could be worth around twenty billion...
Abx3 gets undo, Hardcore 90 drops with rave-ready kits
The Abx3 Bassline Synth just got a small update. Audioblast pushed it to version 1.4.1. This patch fixes a few specific bugs and adds some functionality. Issues with copying and pasting inside the same pattern are now resolved. The update also improves how the synth handles memory when you switch presets and cleans up the user interface for effects during those changes. New features include an undo and redo option for randomizing elements. You can also now clear every pattern at once. For people using the standalone version, the settings menu has been changed to a drop-down style. A separate bug that occurred when importing multiple pattern files simultaneously was fixed. In other news, the same company dropped a new sample pack...
killihu’s EPC Devices smuggle VSTs into Live like natives
A developer called killihu just dropped a new tool for Ableton Live users. Their EPC Devices are Max for Live gadgets that let you run VST plugins like they're built right into Live. The whole idea is to stop constantly opening and closing those separate plugin windows. You control everything directly from the track's effect section instead, which supposedly speeds up your work. These devices don't just wrap a VST inside Max. They use reverse engineering to rebuild every single knob and slider from the original plugin. This means the communication between the VST and your DAW stays direct and unmodified. The interface is made to look like a native Live device, and it even works properly with Push 3, showing controls on its screen. You...
PSI Audio splits big speakers off, nearfields stay retail-ready
PSI Audio is splitting up how they sell their monitors. Their bigger, more complex speaker systems will now only be sold through specific certified partners. This new Custom Pro range includes models like the A23-M, the A25-M, and the flagship A226-MAIN. The company says this move is to guarantee proper setup and acoustic integration in a customer's room. Until now, everything was just grouped as the a series. The smaller nearfield models, such as the A14-M and the A21-M, will stay available through regular dealers. The goal with the large system shift is to pair the hardware with expert installation and demo services from trained retailers. A list of these approved partners is already posted on the PSI Audio website. The change...
Kenya opens review window after Grade 9 placement chaos
Kenya's education ministry is opening a one-week review period for ninth-grade student placements. This comes after the release of the first-ever Kenya Junior School Education Assessment results. Principal Secretary Julius Bitok cited that the review, starting soon, is due to parent and student dissatisfaction. He noted issues like limited slots in top schools, communication problems, and mismatches between chosen career tracks and test outcomes. The ministry used an automated system to assign students to senior high schools based on their scores, listed preferences, and school capacity. Officials acknowledged that the pioneering nature of this Competency-Based Education transition has caused anxiety. They stated a goal of balancing...
Bandcamp Fridays pay artists $154M, fans keep the indie dream alive
Bandcamp dropped some numbers for its famous promotional days. The platform's Bandcamp Friday initiative has sent a total of one hundred fifty-four million dollars directly to artists and labels since it started. That figure jumped by thirty-one million since their last update. General Manager Dan Melnick said the most recent event in December was the biggest single day of the year, generating over three point eight million for creators in twenty-four hours. On these special Fridays, the company waives its normal cut, so musicians keep every cent from sales. In a typical transaction, Bandcamp takes a smaller share than many platforms, letting artists walk away with most of the money. The company claims its standard model has funneled...
Apple Fitness+ sweats to the beat, licenses music for India launch
Apple Fitness+ is launching in India through a new licensing deal. The agreement is between the Indian Performing Rights Society, or IPRS, and the UK's PRS for Music. This setup lets the workout service operate legally there while handling songwriter and publisher royalties. Sami Valkonen from PRS called it a blueprint for cross-border licensing. IPRS CEO Rakesh Nigam also highlighted their goal to get creators paid fairly as digital services expand. The partnership is designed to make royalty payments faster and cut out extra currency exchanges. PRS will use its cloud systems to match the music played in workouts with the correct songwriters, then distribute the money. The service itself relies heavily on tracks from major artists...
TikTok US deal done, ByteDance keeps a foot in the door
The TikTok saga in the US might finally have an exit strategy. According to an internal memo from ByteDance boss Shou Zi Chew, the parent company has locked down binding deals with a specific investor group to create a new American joint venture. Partners in this consortium are Oracle, the investment firm Silver Lake, and MGX from Abu Dhabi. The whole setup is supposed to be finalized soon, aiming to let the app keep functioning stateside. Under this planned structure, ByteDance itself would keep a minority stake. Oracle, Silver Lake, and MGX would each grab fifteen percent of the new US entity. Other existing ByteDance investor affiliates would get another chunk, bringing outside ownership to exactly fifty percent when some other...
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