Mobile Money Operators (MMOs) in Nigeria are financial service providers who provide mobile-based financial services under the Central Bank of Nigeria’s (CBN) regulatory framework. MMOs use mobile money agents and aggregators to reach underbanked and unbanked populations in Nigeria, leveraging the widespread usage of mobile phones to provide convenient and accessible financial services to a…
Microsoft unveiled a new computing service on Wednesday with the goal of assisting chemical industries in hastening the development of novel materials. The program, Azure Quantum Elements, uses computational power to assist chemical businesses in simulating a large variety of atom combinations. The idea is to virtually investigate potential new materials using computers before simulating…
To make the United Arab Emirates the best country in the world on the Global Food Security Index by 2051, the National Food Security Strategy 2051 was launched in 2021. The aim? to use contemporary technology and boost local production to create a complete national system that enables sustainable food production. A $27 million program…
A Nairobi-based accelerator known as The Baobab Network has revealed its most recent batch of five investees, each of whom received US$50,000 in cash. The Baobab Network invests in early-stage software firms around Africa. Since 2019, The Baobab Network has assisted businesses with capacity building and fundraising; the organization welcomed its final cohort in February….
According to IMF Managing Director Kristalina Georgieva, the IMF is developing a framework for central bank digital currencies (CDBCs) to promote trade between nations. “CBDCs should not be a collection of disparate national proposals… Interoperability is necessary for more effective and equitable transactions, according to Georgieva, who spoke at a conference of African central banks…
SHELT Global Limited (www.shelt.com) has achieved ISO/IEC 27001:2022 Certification both globally and locally in Nigeria under Cyber Immune Limited. SHELT GLOBAL LIMITED is a technologically advanced European based Managed Security Service provider (MSSP), offering a versatile range of cybersecurity services to and through leading institutions in Europe, Middle East and Africa. ISO/IEC 27001:2022 is a world-renowned…
For the purpose of enhancing the cyber forensic capabilities of the Special Investigating Unit, South Africa and France have signed a cooperation protocol agreement. The partnership is anticipated to result in the opening of an anti-corruption academy in Tshwane that will assist the SIU as well as law enforcement and anti-corruption organizations in the Southern…
The messaging app WhatsApp is introducing a feature that would shield users from obtrusive calls. Users of the Meta-owned app can easily activate an option that mutes calls from spam and bothersome callers. The new function is intended to stop calls from unknown numbers from upsetting the user because these calls often come from numbers…
Applications for the Obuntu Foundation’s second program, which aims to encourage, accelerate, and catalyze young African venture capital fund managers, have been made public. The Obuntu Foundation created the Obuntu Launchpad Fellowship, which is run by African and international professionals in VC and aims to promote innovation and economic progress in Africa. The seminars at…
Seedstars Youth Wellbeing Ventures, a $20 million investment mandate aimed at early-stage entrepreneurs in Africa with a focus on enhancing the wellbeing of people under the age of 30 in low- and middle-income countries, has been created by Seedstars Capital and the Swiss philanthropic foundation Fondation Botnar. The evergreen fund will support pre-seed to Series…
Elon Musk, the owner of the social media firm, announced in a tweet on Saturday that there are plans for a Twitter video app for smart TVs. This would be in keeping with the company’s new ambitions to concentrate on expanding video content on the platform. Musk tweeted “It’s coming” in response to a comment…
According to an investor presentation by owner Elon Musk and incoming Chief Executive Linda Yaccarino that was examined by Reuters, Twitter aims to concentrate on video, creative, and commerce partnerships to revitalize the social media company’s economy outside of digital advertising. According to a source familiar with the situation who spoke on the condition of…
According to reports, WhatsApp is developing a new feature for upcoming app updates. According to a report, the functionality being tested on the beta version of the application will enable access to several WhatsApp accounts from a single device. Last year, the social networking site unveiled a companion mode that enables users to log into…
LinkedIn, which is owned by Microsoft, announced on Thursday that it was developing a video advertising solution that would let advertisers target visitors to the professional networking site while they browsed streaming media. In an effort to grow its advertising business during a period of economic uncertainty, LinkedIn has released AI technologies to aid marketers…
By combining the knowledge and resources of the Orange Digital Centers and Digital Africa, Orange Middle East and Africa and Digital Africa hope to support and strengthen the development of African entrepreneurs. As part of this partnership, Orange and Digital Africa will search the African continent for and choose innovative tech firms. Orange Middle East…
The business Prembly, best known for its Y Combinator-selected Identitypass product, is not well-known in the African startup scene. However, the business offers a wide range of services. Prembly formalized as a parent business late last year after seeing the need for expansion beyond KYC, biometrics, and data verification. Prembly was founded in 2021 when…
Egypt’s Entrepreneur Awards (EEA), now in its third year, include winners in 14 categories. In addition to the “Next Gen Intrapreneur of the Year,” “Rising Entrepreneur of the Year,” “Entrepreneur for Good Award,” “From Art to Business,” and EEA’s first regional award, in partnership with IFC, “She Wins Arabia” program, “Regional Woman Entrepreneur of the…
In the past 12 months, ten African entrepreneurs from five startups on the continent have been welcomed into the global Endeavor network, giving them access to a range of support services to aid in the growth of their businesses. The Endeavor project, which selects, mentors, and accelerates the world’s greatest high-impact entrepreneurs in order to…
54 fellows from 22 countries have been chosen by the African venture capital talent network Dream VC to join the 2023 cohort of its renowned VC accelerator program, which aids present and aspiring investors in breaking into the African startup arena. Since its founding in 2021, Dream VC has trained more over 80 African and…
Instagram’s Notes status feature is still entertaining users. The ability to set your status to a song has been added to Notes in a recent update, precisely like instant messenger away messages did in the 2000s. Mia Sato reported on Instagram’s new Notes feature for The Verge: Now, users will be able to attach a 30-second clip of…
Google, an Alphabet firm, announced the debut of two new capabilities for advertisers on Wednesday. These features will use artificial intelligence to locate the most effective ad placements for brands across all of Google’s services. Since Google and other businesses created innovative chatbots that can engage people in open-ended discussions, AI has taken over the…
International Finance Corporation and Multilateral Investment Guarantee Agency of the World Bank Group have announced a $157.4 million equity investment to provide millions more Ethiopians with accessible, dependable mobile and internet services. According to a statement from the IFC, the money is a component of the ongoing expansion of Safaricom Ethiopia’s telecom network, a significant…
Internet-of-Things (IoT) and Operational Technology (OT) device pervasiveness, susceptibility, and cloud connectivity provide a fast-rising, frequently unregulated risk surface affecting a broader range of industries and organizations. The rapid growth of IoT provides attackers with a larger entry point and attack surface. Access to less secure OT is creating the possibility for devastating infrastructure attacks…
Pitch AgriHack 2023 is now accepting applications from young agri-tech entrepreneurs with solutions to food security concerns and empowering smallholder farmers throughout the continent. Pitch AgriHack provides a platform for these entrepreneurs to propose their technological solutions in order to revolutionize the agricultural environment of the continent. Pitch AgriHack 2023 will award the most innovative…
Dr Vincent Olatunji, the National Commissioner, NDPB has been appointed into Forbes Technology Council for 2023. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and Technology Executives. Scott Gerber, Forbes Councils’ founder said they are really excited to welcome Dr. Olatunji to the Council. He stressed that their mission with Forbes Councils is “to bring together proven leaders from…
Startups in Ghana, Kenya, Nigeria, and Tanzania have been given the opportunity to scale their impact-driven businesses and receive up to EUR100,000 (US$107,000) in grant funding from develoPPP Ventures. develoPPP Ventures, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and administered by DEG Impulse, strives to empower businesses through entrepreneurial…
Google appears to have enhanced its already amazing photo recognition capabilities. The tool is useful for tagging people in recorded images, and Google’s images app is usually accurate in doing so. A new trick offered by Google Photos (on the server end) is the ability to recognize persons even when they are not facing the…
The African Energy Chamber has started its annual Energy Education Fund, which aims to assist young Africans pursuing undergraduate courses in oil, gas, and energy-related professions. The Chamber will provide scholarships, fellowships, and mentorship programs to eligible students on the continent and in the diaspora through strategic collaborations with educational institutions. This comprehensive approach to…
Goodwell Investments and Alitheia Capital have announced the first closing of their uMunthu II fund, which invests in early and growth-stage SMEs in Africa, with a particular emphasis on women-led firms. A diversified collection of international investors led the fund’s capital round. uMunthu is a pan-African fund that invests in SMEs that improve access in…
WhatsApp, the famous messaging app, has introduced an interesting new feature called Channels, which aims to provide users with a simple, dependable, and private way to get vital notifications from individuals and organizations from within the app. Channels will be available through a dedicated tab called Updates, away from typical chats with family, friends, and…