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Microsoft Promotes Public Cloud for Public Good Pledges $1 billion in Cloud Computing Resources
Microsoft CEO Satya Nadella in a recent blog post said that Microsoft Philanthropies, in its commitment to global giving, will donate $1 billion in cloud computing resources over the next 3 years to 70,000 non-profits and NGOs worldwide. According to Nadella,The “public cloud” refers to massive, privacy-protected data and storage services rendered over a network for…
Electric Vehicles Year In Review: The top 5 companies in Africa
Last month, Tesla Inc.’s valuation surpassed $1 trillion, making it the fifth company in the world to do so after Apple, Microsoft, Amazon, and Alphabet. A $4 billion deal to sell 100,000 vehicles to Hertz, the rental car company, skyrocketed the company’s shares in the single-largest purchase ever for electric vehicles, representing a $4.2 billion…
Nigeria’s Grey is helping users exchange local currency and access foreign currencies
Users can quickly switch to local money and access foreign dollars in their accounts thanks to the Nigerian firm Grey. Idorenyin Obong and Femi Aghedo founded Grey in 2021, a global money transfer service that lets users to send and receive money internationally without delays. International money transfers, rapid currency conversion, and overseas bank accounts…
African Fintech Company, Kudi, Rebrands to Nomba
Kudi, an African payment network, has rebranded as Nomba. This was announced in a press release as part of the company’s transition from a single payment platform to an omnichannel payment platform. Payment collections, trade finance, company reporting, and multiple location administration are among the new business capabilities produced by the new omni-channel payment platform,…
Mobility startup Plentywaka picks up $1.2M seed, acquires Ghana’s Stabus
Mobility startup Plentywaka picks up $1.2M seed, acquires Ghana’s Stabus Written by Tage Kene-Okafor Lagos and Toronto-based mobility startup Plentywaka has raised a $1.2 million seed round to scale its operations on the back of leaving the Techstars Toronto accelerator program last month. Canadian-based VC firm The Xchange led the round, SOSV and Shock Ventures participated, while…
$100M innovation fund to fuel tech investments across Africa
The Global Innovation Initiative Group (GIIG) stands out as an investment vehicle supporting early-stage tech startups by establishing a new fund aimed at investing in early tech innovations startups across Africa. The curaçao-based private investment fund, GIIG Africa Fund, invested annually in winner pools across the Africa region of the Global Startup Awards (GSA) – the world’s…