Global investment firm IHC finalized its purchase of eFunder and transformed the UAE small business financing platform into Zelo. The rebranded entity continues serving enterprises through receivables-based funding solutions under regulatory oversight from ADGM's Financial Services Regulatory Authority. Zelo converts approved invoices into immediate working capital within two business days through digital processing systems. The platform targets a regional credit shortage affecting small and medium enterprises worth approximately $250 billion across Middle Eastern and North African markets. Small businesses represent over 95 percent of registered UAE companies while contributing more than half the nation's gross domestic product...
Saudi Arabia-based artificial intelligence startup Lucidya secured $30 million in Series B funding, establishing a record for the largest AI investment across the Middle East and North Africa region. Impact46 spearheaded the financing round with participation from Wa'ed Ventures, Takamol Ventures, and SparkLabs. Existing backers Rua Growth Fund and ARG increased their stakes in the customer experience management platform. Minister of Communications and Information Technology Abdullah Alswaha visited the company's Riyadh headquarters to congratulate leadership on the milestone. The eight-year-old enterprise serves clients across 11 countries through its proprietary Arabic language processing technology.
Lucidya operates a customer...
Zimbabwe's First Lady, Dr. Auxillia Mnangagwa, launched the Angel of Hope Drug Rehabilitation Centre at Stodart Arena in Mbare, Harare. The facility serves 200 patients through comprehensive treatment combining medical care, counseling, education, and physical exercise programs. Trained coaches guide therapeutic interventions designed to eliminate toxins while addressing behavioral problems among participants.
Parents from across Zimbabwe formed extensive registration lines as demand exceeded capacity during the opening phase. Many guardians wept while completing admission paperwork for children struggling with addiction. Security personnel discovered contraband substances among incoming patients, highlighting the severity of substance...
A Zimbabwe court postponed proceedings against two media professionals until July 31 after the investigating officer reported illness. Blessed Mhlanga from Alpha Media Holdings and HSTV general manager Olga Muteiwa face accusations of broadcasting content that authorities claim could spark violence or property destruction. The charges relate to their coverage of press conferences held by former Zanu-PF Central Committee member Blessed Geza during January and February. Detective Edmore Nyazamba testified that the transmitted materials threatened national security by potentially inciting public rebellion against government leadership. He alleged that both defendants used media equipment and internet platforms to distribute statements made...
A business partnership dispute between spouses has reached the Harare Civil Court after disagreements over shop management escalated into legal action. Bridget Muchawira filed complaints against her husband, Libert Tsingano, before Magistrate Johanna Mukwesha, alleging that she was excluded from business decisions despite their joint investment. The couple operated a neighborhood store for over two years, selling groceries, snacks, airtime, and household items from their property in Dzivaresekwa. Muchawira claims she originated the business concept while Tsingano contributed capital from informal trading ventures.
The conflict intensified when Tsingano allegedly brought relatives into the operation without consultation and restricted...
EnGenius released the ECW520 Wi-Fi 7 access point at $189 for small businesses seeking enterprise-grade wireless capabilities. The device features Qualcomm's Networking Pro 1220 chipset, which includes three radios, delivering an aggregate throughput of 10.8 Gbps. The access point supports 320 MHz and 240 MHz channel configurations while utilizing 4096-QAM modulation technology. Multi-Link Operation allows simultaneous data transmission across multiple bands and channels. Multi-RU puncturing enhances spectrum efficiency in densely populated environments.
The hardware draws 21 watts through its single 2.5 gigabit Ethernet Power over Ethernet Plus port. EnGenius offers cloud-based management through its console platform, eliminating the...
AMD targets budget-conscious consumers with the Ryzen AI 5 330 mobile processor, which delivers artificial intelligence capabilities at an accessible price point. The chip employs Zen 5 architecture through a configuration of one performance core paired with three efficiency cores. Machine learning tasks receive support from an integrated neural processing unit that maintains 50 TOPS throughput capacity. The processor operates within a 15 to 28 watt thermal envelope while reaching maximum frequencies of 4.5 gigahertz. Battery-powered devices benefit from this power-efficient design approach.
Benchmark results demonstrate single-threaded performance levels comparable to previous generation Ryzen 7 processors. Multi-core workloads reveal...
Sony introduces the RX1R III compact camera featuring a 61-megapixel full-frame back-illuminated CMOS sensor paired with a fixed Zeiss Sonnar T* 35mm F2 lens. The device employs an AI processing module that identifies subjects across people, animals, birds, insects, and vehicles while managing focus through 693 phase-detection points spanning 78 percent of the frame. Mechanical shutter performance reaches 1/4000s to 30s with electronic capabilities extending to 1/8000s, while ISO sensitivity operates from 100 to 32000 natively and expands between 50 and 102400. The camera delivers 15-stop dynamic range and offers step-crop shooting modes that alternate between 35mm, 50mm, and 70mm equivalents while maintaining 15 to 60 megapixels. Video...
Razer launched two Thunderbolt 5 accessories designed to expand laptop connectivity through single-cable solutions. The Thunderbolt 5 Dock combines an 11-port hub with internal SSD storage capabilities. Users can connect three 4K displays at 120 Hz while accessing dual USB-C 4 ports, USB-A connections, Ethernet, and audio jacks. The device supports up to 8TB of NVMe storage with 15 GB/s transfer speeds. A built-in Share mode enables KVM switching between two computers.
The Core X V2 external GPU enclosure accommodates standard desktop graphics cards and ATX power supplies. Thunderbolt 5 connectivity provides double the bandwidth compared to previous generations, reducing performance bottlenecks. The steel chassis features ventilation...
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Thread 'Habibur Rahman Appointed CEO of Paramount Group Effective June 29'
- Munyaradzi Mafaro
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