AI Boom Sends PC Prices Soaring Across Africa | ITWeb Tech Headlines 26 – 31 October 2026
These are the stories making headlines on ITWeb this week. Soaring demand for memory to power AI infrastructure is pushing up computer prices across Africa, with IDC forecasting a 25% drop in African PC shipments in the third quarter of 2026, IDC senior research analyst Isaac Ngatia told ITWeb TV.
The digital bank expects to become South Africa’s third-largest bank by monthly active users, as it expands its lending services and mall-based hubs.
GoTyme Bank migrates customers to its new app, as it discontinues its legacy digital banking platforms as part of a new strategy.
The digital bank targets 210 million global customers, as it rebrands and empowers 1 800 staff with a R100 million stake.
The bank’s “phygital” model combines upgraded digital services with in-person banking support across malls in Gauteng and Western Cape.
The digital bank is expanding its mall-based customer hubs, while accelerating AI-powered app development and product growth.
The Harvest Fund III aims to create exits that recycle capital, talent and confidence in SA’s growing venture ecosystem.
Shifting customer behaviour prompted a strategic optimisation of its physical footprint across South Africa, says GoTyme.
The digital bank accelerates client acquisition, as it deepens its footprint in an increasingly competitive retail banking market.
The branchless bank transitions to GoTyme Bank, marking its next step as part of the global Tyme Group.
Leveraging tech to drive growth and operational efficiency, TymeBank is progressing toward sustainable monthly profitability, says African Rainbow Capital.
TymeBank recently achieved a financial sector milestone of reaching profitability in under five years.
GoTyme Bank enlisted the services of Keyrus to enhance its data visualisation and use of the BI tool, Tableau.