Google’s Equiano Subsea Cable, which seeks to connect Europe to Africa via the ocean, made its final stop on Monday, landing in Melkbosstrand, Western Cape, South Africa.

The Department of Trade, Industry and Competition (DTIC) has gazetted its draft policy proposals to regulate and restrict the trade of scrap metal in South Africa for public comment. Citing research from the Trade and Industrial Policy Strategies and Genesis Analytics, DTIC said copper theft from the country’s rail network and electricity grids carries an annual economic cost exceeding R45 billion in 2020/2021.

TELECOM Namibia and the Paratus Group announced that the Equiano (Google) submarine cable, which is expected to have a direct impact on connectivity and internet speed in the country, has landed in Swakopmund.

Genesis has been doing some fascinating work in the Central Bank Digital Currency (CBDC) space and the blog sets out our argument for why central banks in developing countries should explore CBDC. Financial Services Strategy partner Bavani Naidoo explores the benefits here.

When Ethiopia’s prime minister, Abiy Ahmed, came into power in 2018, his administration’s move to liberalise sectors which had remained closed for over a century, was initially met with optimism. One of the biggest moves was in ending the monopoly of the telecom sector, which saw the Kenyan telcom giant, Safaricom, awarded Ethiopia’s first ever private telecom license for a whopping $850 million last year. Is this a good thing?

Congratulations to Mark Schoeman who was made a partner at Genesis Analytics. Mark has been at Genesis for more than six years and started in Financial Services before branching out to set up the Centre of Digital Excellence. On hand to congratulate him were seven of the 13 partners who are in Joburg.

The state-of-the-art Equiano subsea cable has landed in Lagos, Nigeria. Next stop is Namibia.

The Google cable, which starts in Portugal and runs more than 12,000km along the West Coast of Africa, first landed in Lomé, Togo. From Nigeria it will run to Swakopmund in Namibia and Rupert’s Bay at Saint Helena before landing at Melkbosstrand in South Africa. The cable will establish a valuable new high-capacity connection between the African continent and Europe.

The Financial Sector Conduct Authority's (FSCA) published the Financial Sector Outlook Study 2022 in which it details progress made in finding people with unclaimed monies in pension funds and guardian funds. The study, done by Genesis Analytics in partnership with the FSCA, reviewed the South African financial landscape and describes the financial industries regulated by the authority. 

A subsea cable owned by Google that promises to double the internet speeds for millions of people in Africa has arrived in Togo. This is the latest step in a long-term project to make internet access more affordable for people across the continent. According to a financial impact study completed by Africa Practice and Genesis Analytics, Equiano is predicted to result in quicker internet speeds, enhanced user experience, and lower internet rates.

Google will land its high-capacity Equiano submarine cable system at Melkbosstrand, north of Cape Town, in June. According to an assessment report commissioned by Google and conducted by Africa Practice, in collaboration with Genesis Analytics, the subsea cable will lower latency and almost triple internet speeds in SA and Namibia by 2025 – a boost that is predicted to create 180 000 jobs in SA, 1.6 million jobs in Nigeria and 21 000 jobs in Namibia in the forecast period.

The coronavirus will not go away, but its severity can be diminished if we work together by getting the jab.

Genesis Analytics is proud to announce the launch of ABE: Lab - an innovative platform that aims to solve pressing business challenges using Behavioural Economics.