Data Wars Are Heating Up With Africa In It’s $200 Billion Center

It’s becoming very cloudy in Africa with some of the world’s largest tech companies fighting for control in the sky. There’s been a rush of new entrants vying for their slice of the African cloud computing market that’s estimated to be worth $200 billion globally with Amazon’s (AMZN -0.89%) AWS leading the way, according to Statista. The reason for this rush is clear: data is the new oil, and Africa has a lot of it. 

NBA Seeks To Uncover And Profit From Africa’s Next Big Global Stars

The NBA is continuing to shoot its shot at finding the next global superstar who hails from Africa. It wants to find the next generation of stars in the continent, where basketball is one of the fastest-growing sports. Already, the ball seems to be rolling with the NBA’s Basketball Africa League, alongside notable investors like Grant Hill, Dikembe Mutombo, and former President Barack Obama contributing to its $1 billion valuation.

Here’s Why Zimbabwe’s Mobile Money Play Is A Ticking Time Bomb

Zimbabwe is blaming the rise in the inflation rate across the country on mobile money, and wants to prevent the U.S. dollar taking over as the de facto currency once again. The country has declared a ban on lending by banks, shutdowns of fintechs and strict requirements on the use of mobile money in a bid to give the local currency a standing chance. In March, the local currency was trading at 210 Zimbabwean dollars for $1 and now at 400 Zimbabwean dollars for $1.

Here’s Why Zimbabwe’s Mobile Money Play Is A Ticking Time Bomb

Zimbabwe is blaming the rise in the inflation rate across the country on mobile money, and wants to prevent the U.S. dollar taking over as the de facto currency once again. The country has declared a ban on lending by banks, shutdowns of fintechs and strict requirements on the use of mobile money in a bid to give the local currency a standing chance. In March, the local currency was trading at 210 Zimbabwean dollars for $1 and now at 400 Zimbabwean dollars for $1.