The venture-building company Factor[e] Ventures has opened a new venture studio for African entrepreneurs named Delta40. Factor[e] Ventures invests in early-stage companies in sub-Saharan Africa and Southeast Asia. The venture studio will have its headquarters in Kenya and operations in Nigeria. It wants to invest between $100,000 and $600,000 in businesses in the fields of…
Since its new policy went into effect in January and called for digital lenders in the East African nation to provide proof of license, Google has removed hundreds of lending apps from the Kenyan Play Store. The directive followed Kenya’s Digital Credit Providers (DCP) laws from the previous year, which demanded that businesses that offer…
Governor of Anambra State, Prof. Chukwuma Charles Soludo, has launched the Solution Innovation District, (SID); the innovation and business incubation program of the State, starting with the Anambra Digital Tribe Program. The SID is set up to drive overall innovation in the State including deep technology, creative talents, startups, business innovations etc. The function which was…
Fintech has played a significant role in democratising access to financial services across Africa in the past decade. Improved access includes the usability and quality of these services, with most fintech solutions targeting the underserved population, including the youth, women, low-income earners, rural communities, and SMMEs. These groups have faced many barriers to accessing banking,…
Technology advancement has increased the value of data, and many businesses are willing to invest in it. These data are obtained from customers directly or indirectly. When data is directly gathered, customers are often asked for their consent, and they typically provide it. In contrast, information that is gained inadvertently may be gathered through tracking or…
Applications for the Greenovations Africa initiative, which provides access to mentoring and investment opportunities, are requested from African firms with creative ideas that address current difficulties in any green sector. Entrepreneurs in the fields of smart agriculture, renewable energy, waste management, water management, and climate action can submit an application to get specialized assistance, mentoring,…
If they don’t start paying for it, already verified Twitter accounts will soon lose their checkmarks. According to the website, on April 1st, “[it] will start winding down [its] heritage verified program and eliminating legacy verified checkmarks.” It was always clear that the business wanted to accomplish this. Elon Musk, the CEO of Twitter, stated…
Google, a division of the digital behemoth Alphabet, has unveiled its newest AI technologies. These tools will serve as add-ons to currently available services, such as Workspace apps, and aid with tasks like summarizing Gmail message threads, creating slide presentations, and taking meeting notes. In its most recent version, Google Pictures, Google Messages, and Gmail…
Amazon Web Services (AWS), the cloud computing division for the world’s largest e-commerce retailer, Amazon, continues to strengthen its footprint in Africa with a call-for-applications from early-stage startups to join their inaugural edition of the AWS FinTech Africa Accelerator. This program is hosted by AWS’ globally-recognized Startup Loft Accelerator, but unlike other cohorts, this edition…
Applications are now available for the African Impact Challenge, which supports participants in developing market-creating ideas that utilize technology to address the greatest challenges facing the continent. The African Impact Challenge is expanding to South Africa this year and introducing a pan-African health-focused stream, after a pilot in Ghana in 2020, a challenge in Kenya…
Applications for the fourth iteration of the ShEquity Business Accelerator have been opened by African investment firm ShEquity Partners, which focuses on women (SHEBA). ShEquity is an investment company that makes wise investments in Sub-Saharan African companies run and managed by women that are innovative, effective, and scalable. Through de-risking African female-led businesses, making them…
Customers can trade-in perpetual licenses for subscription access to AVEVA’s entire portfolio Benefits include lower upfront costs, faster ROI, improved scalability, and greater business agility By 2025, the global leader in industrial software aims to transition 80 percent of customer licenses to a subscription business model AVEVA, a world leader in industrial software, has announced…
Explore the future of immersive technology with augmented reality and virtual reality. Learn how these technologies are revolutionizing industries. Get insights on the latest trends, challenges, and opportunities in AR and VR. Augmented reality: Augmented Reality is the combination of digital world with real elements. It is a trending technology that is equally suitable for mobile…
The prestigious examination body in Africa, the West African Examinations Council (WAEC), is on the verge of an epoch-making event. With over 40 million tested candidates in the last 71 years of its operations, WAEC in partnership with Sidmach Technologies, an ICT firm that develops and deploys software solutions at scale to solve high-impact business…
The second cohort of the IBM Sustainability Accelerator, which will concentrate on water management solutions, is now taking submissions, according to a statement from IBM. This program uses IBM technologies, including hybrid cloud and artificial intelligence, as well as a network of specialists to improve and scale initiatives aimed at protecting vulnerable populations from environmental…
When LinkedIn began distributing “AI-powered conversation starters” earlier this month to increase engagement on its platform, the move saw more than a little engagement of its own, none of it particularly favorable. Yet the reality is that LinkedIn has been heavily utilizing AI and other forms of automation throughout various elements of its platform for…
Education data typically involves data compiled from schools on graduation rates, drop-out rates, test score averages, and the most vital – external examination performances. Often, education data is used to measure the success of a State, Region, Institutions or Individuals and benchmark them against others to improve your own work, products, or processes. Nowadays, most…
Sophos, a global leader in innovating and delivering cybersecurity as a service, today released new research on how the cybersecurity industry can leverage GPT-3, the language model behind the now well-known ChatGPT framework, as a co-pilot to help defeat attackers. The latest report, “Applying AI Language Processing to Cyber Defenses,” details projects developed by Sophos…
Hyperspace Technologies (https://hyperspace.ng), a Lagos-based Web3 startup specializing in next-level smart security infrastructure and key management systems, today announced the launch of its groundbreaking product, the Keymaster VAULT (https://keymaster.ng). Designed to cater to the African market, Keymaster VAULT is a secure, NFC-based hardware wallet that stores private keys offline, offering an affordable and user-friendly alternative to expensive and…
Today, TLG Capital, a pan-African alternative investment firm, declared that it has teamed up with OnePipe to offer finance services to Nigeria’s unorganized sector. OnePipe, a Nigerian financial infrastructure company, used the company’s technological platforms to enable traditional businesses to integrate financial services into their operations. The company offered up to 2.25 billion Naira in…
The Adelphi green entrepreneurship team is currently accepting applications for the 2023 Green Entrepreneurship Awards. The Awards will provide assistance to eco-inclusive and circular firms to scale their company expansion while also improving local communities’ capacity to adapt to the effects of a changing environment. The Circular Economy Awards by Circular Economy Catalyst are focused…
Almentor, the top Arabic-language online video learning platform, has acquired $10 million in pre-Series C fundraising from investors to help it develop faster and reach its target of servicing 10 million learners in the MENA area. Since its founding in 2016, almentor has collaborated with more than 950 eminent professionals to produce more than 1,000…
The Summit brought together the best and brightest minds in the banking, financial services, fintechs and techfin sectors. The event, which took place on 7th March 2023, featured insightful speakers, award-winning companies, and top-notch sponsors. Attendees were treated to a range of informative sessions, covering topics such as digital transformation, cybersecurity, and risk management. The keynote…
To encourage entrepreneurship and the development of jobs in Africa’s largest economy, the Nigerian government has established a $672 million fund that is specifically aimed at young businesspeople in the technology and creative sectors. Vice President Yemi Osinbajo introduced the Investing in Digital and Creative Enterprises Programme (I-DICE) initiative on Tuesday, March 14, 2023. It…
Pandascrow, a Nigerian fintech startup, has unveiled a platform for payments solutions based on escrow technology to aid African businesses in expanding, from start-ups to market leaders in the commerce sector and beyond. Pandascrow was founded in response to the CEO, Precious Tom, and a number of other core team members’ traumatic experiences, which began…
Aspiring African investors can now apply to Dream VC’s venture capital programs, which were just announced for the year 2023. Dream VC co-founder Mark Kleyner commented on the debut in 2023 and said, “Understanding how to invest or support startups with operational questions in emerging markets is already very difficult. Many aspiring startup investors are…
With the establishment of Miva Open University, the Nigerian edtech startup uLesson, which offers online K–12 education across Africa, is moving into postsecondary education. The pan-African distance learning university will be a degree-granting institution with full licensing, offering undergraduate courses in software engineering, cyber security, data science, and computing. Moreover, it will contain a school…
According to a business executive who spoke to Reuters, General Motors is investigating uses for ChatGPT as part of its broader partnership with Microsoft. According to GM Vice President Scott Miller, “ChatGPT is going to be in everything” in a recent interview. According to Miller, the chatbot may be used to program features like a…
Omeife, a humanoid robot, has been given permission by the federal government to be used to enhance national digital literacy. The Uniccon Group of Companies created Omeife, a female-appearing humanoid robot that can speak Pidgin, Yoruba, English, French, Arabic, Kiswahili, Hausa, Igbo, and Afrikaans. It is the first humanoid robot made in Africa. Yau Isa…
Impacc gGmbH has published a call for applications for its third venture cohort of investment in innovative entrepreneurs in Rwanda, Uganda, and Tanzania who will receive a smart equity investment to scale their firms. Impacc gGmbH supports local, green enterprises in Africa. The investment will range from $30,000 to $150,000 and will focus on six…