Bill Gates has made his largest gift since the turn of the century, giving away Microsoft Corporation shares that accounted for 5 percent of his fortune, the world’s biggest.
The billionaire donated 64 million of the software maker’s shares valued at $4.6 billion on June 6, according to a Securities & Exchange Commission filing released last Monday and it is yet unclear who the recipient is.
Sub-Saharan Africa accounts for more than half of all mobile money services worldwide, with 140 active products across the region, according to a report on Wednesday by mobile phone operators organisation GSMA.The adoption of mobile money in sub-Saharan Africa has grown significantly over the past 10 years as it gives millions of people e-access to financial services for the first time.
A rare eclipse expected to traverse the US today has sparked a tourism bonanza, as people flock to towns in its path to see the sun’s corona encircle the moon. But the control rooms of the nation’s electric utilities will also be watching. That is because thousands of megawatts of solar energy will disappear as skies darken. In California, the grid operator expects up to 2,500MW of solar power to be lost and will rely on replacement generation. The manager has installed a total of 10,000MW in solar power.
Estimates as to the potential value of Africa’s e-commerce vary, but analysts at the Economist Intelligence Unit believe it could be worth as much as $75bn per year within the next decade. In one rare good news about the giant of the continent, Nigeria is said by the EIU to be in pole position to take advantage of the e-commerce potential, at least on the basis of its high business environment opportunity potential.
South Africa’s competition watchdog has launched an investigation into the high cost of internet data, after a groundswell of complaints from consumers and civil society. A 2016 World Bank report found that South Africans paid around $14.10 for one gigabyte of data, the fourth highest out of 17 African countries, compared to lowest-rated Cameroon, where the same bundle cost around $2.10.
This week’s humour
Never ask the barber if you need a haircut – Warren Buffet