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For years, investors have judged Prosus by a single yardstick: Tencent. The Amsterdam-listed internet giant, majority-owned by South African consumer internet group Naspers, built much of its market value on an early investment in the Chinese technology company. While Prosus assembled a portfolio spanning food delivery, payments, classifieds, and e-commerce across emerging markets, Tencent remained the business that mattered most. Now Prosus says that equation is beginning to change. In a trading statement released on Friday ahead of its annual results, the company said all of its operating ecosystems had reached profitability, marking a milestone in its effort to build businesses capable of generating earnings beyond Tencent. Prosus generated $7.3 billion in revenue and $1.1 billion in ecosystem adjusted Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) for the year ended March 31, 2026. Core headline earnings per share are expected to increase by between 19% and 28%, while headline earnings are forecast to rise by between 6.7% and 15.7%. For much of the past decade, investors have questioned whether Prosus’s collection of operating businesses could create enough value to justify the billions invested in them. While Tencent consistently delivered outsized returns, many of Prosus’s businesses remained focused on growth rather than profitability. Friday’s statement suggests that transition may be reaching a turning point. “This is probably the first time that all of the ecosystem assets are cash-flow positive and generating a profit,” Rowan Williams, chief investment officer at Nitrogen Fund Managers, told TechCabal. “That should help Prosus become increasingly independent and less reliant on Tencent’s cash flows.” The comment goes to the heart of a question that has followed Prosus for years: whether the company could build a profitable operating business beyond the Chinese technology giant that transformed Naspers into one of the world’s most valuable technology investors. “The financial year ended March 2026 marked a milestone for Prosus,” stated Prosus in its trading statement. “We delivered on our ambitious targets, generating over US$7.3 billion in revenue and US$1.1 billion in Ecosystem adjusted EBITDA. Every one of our ecosystems is now profitable, and our free cash flow, excluding Tencent, continues to grow.” The company said stronger revenue growth and profitability across its consolidated businesses, alongside improved contributions from equity-accounted investments such as Tencent, drove earnings higher. The results also offer a clearer view of how Prosus wants investors to see the company. Rather than positioning itself as a technology investment holding company, Prosus is increasingly presenting itself as an operator of digital platforms. “We have completed our transformation from a traditional holding company into an active operator of AI-driven lifestyle ecosystems across Latin America, Europe and India,” the directors said. That shift is visible across the group’s portfolio. Prosus controls Brazilian food delivery giant iFood, owns payments business PayU, and continues to invest in e-commerce, fintech, and online marketplace businesses. In August, it announced plans to increase investment in iFood. Yet Tencent remains central to the investment case. Prosus said earnings growth from its operating businesses was partly offset by a lower gain from Tencent share sales and unrealised foreign exchange losses linked to euro-denominated bonds. Prosus is not escaping Tencent’s shadow overnight. But for the first time, it can point to a portfolio where every major operating ecosystem is profitable.
Read MoreTable of contents Has Samsung announced the Galaxy Watch 9? When will the Galaxy Watch 9 release? How much will the Galaxy Watch 9 cost? What are the expected specs of the Galaxy Watch 9? Galaxy Watch 9 vs Galaxy Watch 8 What we still do not know A new Samsung smartwatch is coming, and every clue points straight at a Galaxy Watch 9. Samsung’s own health app, a new chip from Qualcomm, and a string of leaked filings all hint at an imminent launch, even though Samsung itself has stayed quiet about the name. This guide separates what’s confirmed from what remains speculation, so you know what to trust. It covers the expected launch date, pricing, key features and upgrades, and how the device compares with the Galaxy Watch 8. Has Samsung announced the Galaxy Watch 9? Not yet. As of June 19, 2026, Samsung has not sent out an Unpacked invite or used the name “Galaxy Watch 9” in any official statement. Two things tied to the watch have been confirmed, though. A Samsung Health app overhaul. On June 4, 2026, Samsung’s Global Newsroom announced a major update to the Samsung Health app, rolling out from June 8. Samsung says the update showcases the key health features of its upcoming Galaxy Watch, though it stopped short of naming the device. Hon Pak, who leads Samsung’s Digital Health team, said the update connects your health data to AI-driven insights, helping you better understand your body. The app now centers on five areas: Sleep, Activity, Nutrition, Mindfulness, and Vitals. New features include: Vitals checks five overnight signals (heart rate, heart rate variability, breathing rate, skin temperature, and blood oxygen) against your baseline and alerts you only when something is genuinely off. Heart Health Score, a single daily number that replaces last year’s Vascular Load and blends your sleep, stress, activity, and body composition data. Daily Cardio Load, which tracks how much strain your body has taken on and suggests when to train and when to rest. Fitness Index, which compares your heart rate, VO2 max, and daily steps against your peers. Hearing Health, which uses your watch’s microphone to flag loud environments that could damage your hearing. Antioxidant Index and AGEs Index upgrades, both of which now track trends over time instead of single readings. Samsung’s own footnote says these features will first be available on the upcoming Galaxy Watch, which means current Watch owners get the redesigned app now, but the full feature set is tied to new hardware. Samsung has also recently published two health studies tied to the Galaxy Watch line. A joint study with a hospital in Korea found that the Galaxy Watch 6 could predict a fainting episode up to 5 minutes before it occurred, with 84.6 percent accuracy. A separate study with Massachusetts General Hospital is using the Galaxy Watch 8 to track muscle loss in patients on GLP-1 medication. Neither study confirms a Watch 9 feature, but both show where Samsung’s health focus is heading. A new chip. At MWC 2026 in March, Qualcomm confirmed that the next Galaxy Watch will use its new Snapdragon Wear Elite chip. Samsung backed this up with an on-record quote from InKang Song, who leads technology strategy for Samsung’s mobile business, saying the new chip will help the watch become an even better wellness companion. Qualcomm named Samsung, Google, and Motorola as launch partners for the chip. Here is what the Snapdragon Wear Elite brings: A 3nm chip with one fast core at 2.1GHz and four efficiency cores at 1.95GHz. Up to 5 times the CPU power and 7 times the GPU power of the previous Snapdragon wearable chip, enough to render 1080p video at 60fps. A dedicated AI chip that can run models with up to 2 billion parameters right on your wrist, working through about 10 tokens every second. 30 percent more battery life than the last generation, plus a 50 percent charge in around 10 minutes. Wi-Fi 6, Bluetooth 6.0, UWB, GPS, 5G and satellite messaging support, all in one chip. There is one catch. Samsung and Qualcomm only said next-generation Galaxy Watch, not which model. Some reports say both the Watch 9 and Watch Ultra 2 get the new chip. Others, including information from Notebookcheck, say only the Watch Ultra 2 gets the Snapdragon chip while the standard Watch 9 keeps the older Exynos W1000. This is still unresolved. The Unpacked date. Korean media reports point to July 22, 2026, in London, as the date for Samsung’s next Unpacked event, where the Galaxy Watch 9 line is expected to share the stage with the Galaxy Z Fold 8, Z Flip 8, Z Fold 8 Wide and Samsung’s new Galaxy Glasses. Samsung has not confirmed this date. Regulatory filings. In the middle of June 2026, the Galaxy Watch 9 and Galaxy Watch Ultra 2 cleared both FCC and CMIIT certification. The filings list model numbers SM-L340 and SM-L345 for the 40mm Watch 9, SM-L350 and SM-L355 for the 44mm Watch 9, and SM-L715 for the Watch Ultra 2. No Classic model number appeared in either filing, which is a strong sign that Samsung is skipping the Watch 9 Classic this year. A separate charging certification confirmed both watches stick with 10W wired charging, so do not expect faster charging this time around. When will the Galaxy Watch 9 release? Last year’s launch gives the clearest clue here. Samsung announced the Galaxy Watch 8 on July 9, 2025, and put it on sale on July 25, 2025, a gap of 16 days. If Samsung follows that same pattern, expect the Galaxy Watch 9 to go on sale in early August 2026. The leaked Unpacked date of July 22, 2026, would only mark the announcement, not the on-sale date, and Samsung has not confirmed even that date yet. How much will the Galaxy Watch 9 cost? Pricing is the one area where leaks have gone quiet. PhoneArena has made it clear that the Galaxy Watch
Read MoreOn Thursday, Google graduated 15 startups from eight African countries through its Google for Startups Accelerator Africa programme in Nairobi. Most of these startups are building artificial intelligence (AI) into core products in payments, transport, agriculture, healthcare and enterprise software. Google said 60% of the cohort is already profitable, generating an average of $60,000 in monthly revenue. This year’s cohort arrives amid growing debate over whether Africa can turn AI adoption into sustainable, venture-scale businesses. The selected startups offer a snapshot of that transition. Founders are moving beyond experimentation and using the technology to solve operational challenges and build products for local markets. Yet the infrastructure and capital needed to scale those businesses remain in short supply. In an interview with TechCabal, Alex Okosi, Google’s managing director for Africa, said African startups have already embraced AI, but argued that investment has not kept pace. While founders are building AI-powered products and services, the continent still faces gaps in cloud infrastructure, data centre capacity and funding. Those constraints, he said, risk limiting Africa’s ability to capture the economic value created by the technology. AI could add as much as $1.5 trillion to Africa’s economy by 2035, equivalent to roughly 40% of the continent’s current GDP, if governments and private sector players move fast enough to deploy it at scale, according to projections from the African Development Bank. The technology, the bank estimates, could generate hundreds of thousands of jobs while significantly lifting labour productivity across key sectors. The tension between growing AI adoption and limited investment formed the backdrop to this year’s accelerator programme, which featured startups from Kenya, Nigeria, South Africa, Uganda, Tanzania, Senegal, Côte d’Ivoire and Angola. This interview has been edited for clarity and length. Has Africa’s AI moment arrived, or are we still early? If you look at this cohort for Google for Startups Accelerator Africa, many of the companies are AI-first or AI-native because they have built AI into their products to solve real challenges across the continent. That’s the opportunity AI presents, and it’s what excites me about both the startup and fintech ecosystems. Take Mastery Hive, for example. The company is using machine learning to detect fraud across fragmented networks. We also have companies like Loop in South Africa using AI to optimise a complex transit network and manage worker payments. Those are clear examples of startups already embracing AI and putting it to work. That said, the continent still faces challenges. There is a lot of talent and engineering ingenuity in Africa, but infrastructure remains a constraint. Capital is also a major gap. Until investors from the Global North see Africa as a place where AI is being used to solve meaningful problems and deploy more capital here, that challenge will remain. Africa offers significant opportunities to scale and create value. However, it requires investors to view the continent as an AI opportunity rather than a market still waiting to adopt the technology. It’s a twofold story. African companies are already adopting AI and building solutions with it. But from a funding perspective, the level of investment is still not where it needs to be to fully capture the opportunity. What’s the biggest bottleneck to building AI at scale in Africa? Infrastructure remains one of the biggest bottlenecks. To build AI at scale, you need reliable connectivity, and that requires investment in foundational infrastructure such as subsea cables. That’s why projects like Equiano and Umoja are important. They help create the capacity needed for the digital economy to grow. Talent is another critical area. We’ve trained about eight million people in digital skills, giving them the foundations they need to participate in and benefit from the digital economy. We also need to support small and medium enterprises (SMEs). That’s an area we’ve focused on, helping around 35,000 small and medium-sized businesses grow and scale. Those businesses are a key part of the ecosystem. When it comes to AI specifically, compute power is essential. You need cloud infrastructure that developers can build on. That’s one reason we’re investing in our cloud region in South Africa and working to expand cloud adoption. The challenge is that Africa still accounts for only about 1% of global data centre capacity. As a result, many builders have to move data outside the continent for processing and then bring it back to deploy solutions. There’s a clear opportunity to increase local capacity. That will require collaboration between governments, technology companies and other players across the ecosystem. More investment in connectivity, cloud infrastructure and compute capacity will be necessary if we want to scale AI across the continent. Google is playing its part, but this is something that requires collective action from everyone involved in the ecosystem. Must startups have AI at the core of their products to join the programme? No, being an AI company is not a requirement to join the accelerator. That said, AI is an important area for us because we believe it can help startups build solutions faster, scale faster, optimise their operations and reach markets more effectively. We’re encouraging founders to understand how AI can be integrated into their businesses, whether through their workflows, products or business models. That’s why AI training is a key part of the programme. We want companies to understand how they can use the technology to accelerate growth. At the same time, I think we need to demystify AI. It’s not some mystical technology. It’s a tool that helps organisations process information more quickly, analyse large amounts of data and identify opportunities more effectively. For us, technology will play a major role in solving many of the continent’s challenges, and AI is one of the tools that can help make that happen. That’s why we’re continuing to invest in AI skills development. In 2024, we announced a $5.8 million grant programme across Kenya, Nigeria and South Africa to help civil servants and nonprofit leaders build AI capabilities. Through Google.org, we’re also focused on AI skilling across Africa, and
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